The Collapse of Democratic Values: Betraying Civil Society

By Alvaro J. de Regil

The essay explains that the centres of economic power have corrupted the democratic institutions of nations everywhere and, as a consequence, governments have abandoned their main responsibility to procure the welfare of all ranks of society, and they are now effectively working to procure the welfare of their very private interests and of the owners of capital. This essay opens by arguing that the Welfare State was the first to be assailed by the new emerging monetarist paradigm because it is in direct conflict with the supply-side economics of Neoliberalism where supply generates its own demand.