Slide 10 of 14
Notes:
We all know what democracy is: it's the participation of the greatest number of consumers possible in the direct functioning of the government and economy
It follows almost necessaritly that free trade is the other side of the democracy coin, and so consumerism is the ultimate form of democracy of citizenry in the modern world.
Consumer choice, so important in regulating the effects of capital and making important market adjustments, is an essential component of the democratic process--but this role is seldom acknowledged and is always inefficient. We know of the vast range of peculiarities that government assumes in today's democracies, the manifestations of popular power: parliaments, congresses, etc. So much variety, so much complexity, can only spell inefficiency... sometimes lethal to the democratic itself.
But there are solutions to some of these inefficiencies, and as in many cases we can look to the private sector to see emerging solutions to the vast inefficiencies of so-called democratic institutions.
