Journal article Open Access
Ray Nobuhara; Shreya Pandit; Ria Anandjee
America isn’t the democracy it promises to be. As Americans, our whole lives have been rooted around the idea that this country is the epitome of a true liberal democratic state that ensures the civil and personal rights of all.Whether America fulfills this fundamental promise is a whole other topic to be debated. Some say that democracy is fulfilled and there should not be any change to the government system of now, and others state that democracy is not fulfilled. However, the very evident income inequalities we see in the nation reflect the poor quality of what America has labelled a democracy, with liberty for all. As the economy has grown more capitalistic, it has allowed the rich to get richer while stagnating economic growth for the middle and lower classes. The system now is unfair, as the bigger companies are granted more sponsorships and it is hard to start a company afresh. Even if a company starts out, it will not foster and thrive as much as the bigger companies because there is not much sponsorship. The positive ways in which democracy affects the economy will be discussed. Democracy allows companies, big and small, to flourish and prosper. Stockholders sponsor companies of their choice with the capital, or money companies need to develop further, and the companies pay back these sponsors overtime. This process repeats itself for up to several generations leading to wealth on both sides. Democracy has longer-lasting effects, than even dictatorships, on the economy by aiding its growth.