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What is democracy? ... ” democracy might be viewed as a system that guarantees the rights of the people, the rights of the majority.
With democracy we have established a system of capitalism. ...
If we look at the extent of this right we can obviously picture such a private enterprise growing into a large company. This large company, as it expands its production and business, can begin to control many assets and possess an influence on positions of power in the government. ...
Corporations in the modern world can easily attain such a status, but does the fact that a corporation can control such economic power actually be threatening? ... And in today’s world it is possible for a corporation to control the same sort of power:
“Corporations have emerged as the dominant governance institutions on the planet, with the largest among them reaching into virtually every country of the world and exceeding most governments in size and power. ...
We now see how large corporations can have a tremendous influence on the policies of governments and how this can be viewed as a “serious challenge to democracy”. Such corporations must be controlled as to stay within certain bounds, not to impede on the proper function of the democratic system. ...
“Corporations have been enthroned… An era of corruption in high places will follow and the money power will endeavor to prolong its reign by working on the prejudice of the people…until wealth is aggregated in a few hands…and the republic is destroyed.
Approximate Word count = 1232
Approximate Pages = 4.9
(250 words per page double spaced)
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