Do you believe that economic democracy (free markets) will inevitably lead to political democracy? Why or why not?

Economic democracy may not lead to political democracy since there are several occurrences in which the economic freedom of people conflicts. This makes people from different regions not enjoy equal rights within the free market system. With the emergence of large corporations dominating the market, it is clear that most of the choices made by the people are determined by choices made by the big corporations, a situation that is totally undemocratic. However, the existence of free markets has enabled people from different regions to have a variety of choices to make concerning their day-to-day economic status. The choices range from the place of work, the choice on the quality of basic needs and types of investment.

This may lead to the conclusion that maybe free markets must inevitably lead to political democracy which is not true. This is because the rules that guard the free market are very much different from those that guard the political field. A thriving market system can only operate within the confines of workable government policies and must also support free and efficient market operation. The rules are however made by the governments and must be accepted by the majority. Because of this, it is important to note that differences in economic power are what lead to differences in political power which in turn destabilizes political democracy.

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Academic.Tips. 2022. "Do you believe that economic democracy (free markets) will inevitably lead to political democracy? Why or why not?" February 3, 2022. https://academic.tips/question/do-you-believe-that-economic-democracy-free-markets-will-inevitably-lead-to-political-democracy-why-or-why-not/.

1. Academic.Tips. "Do you believe that economic democracy (free markets) will inevitably lead to political democracy? Why or why not?" February 3, 2022. https://academic.tips/question/do-you-believe-that-economic-democracy-free-markets-will-inevitably-lead-to-political-democracy-why-or-why-not/.


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Academic.Tips. "Do you believe that economic democracy (free markets) will inevitably lead to political democracy? Why or why not?" February 3, 2022. https://academic.tips/question/do-you-believe-that-economic-democracy-free-markets-will-inevitably-lead-to-political-democracy-why-or-why-not/.

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"Do you believe that economic democracy (free markets) will inevitably lead to political democracy? Why or why not?" Academic.Tips, 3 Feb. 2022, academic.tips/question/do-you-believe-that-economic-democracy-free-markets-will-inevitably-lead-to-political-democracy-why-or-why-not/.

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