Powers that be - money concentration vs. democracy

-> written in reply to Bogus Copyright Claim Silences Yet Another Larry Lessig YouTube Presentation on techdirt.

This shows painfully how power is shifting currently:

  • <5% of the people have >90% of the resources.
  • So the <5% have more influence on the media.
  • The media influences which people are elected into positions of power.
  • Then these elected pass laws which shift more resources and power towards the <5%.

So the simple root of the problem is that money gets concentrated on a few people, and any self-respecting (intelligent) democracy would have to make sure that money can't accmulate too much like that.1

But guess who doesn't want laws which prevent or revert overboarding money concentration.

This is a conflict which a democracy cannot avoid. It checks whether a given democratic system can stand the test of time.

  1. You can find a deeper discussion of the problems money concentration causes for democracy in a German article on this site

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