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Thomas Piketty's Book 'Capital in the 21st Century'

democracies most efficiently shift wealth to the elites      web

authorWalden Bello
publicationForeign Policy in Focus

Excerpt from near the end: Even more than dictatorships, Western-style democracies are, we are forced to conclude, the natural system of governance of neoliberal capitalism, for they promote rather than restrain the savage forces of capital accumulation that lead to ever greater levels of inequality and poverty. In fact, liberal democratic systems are ideal for the economic elites, for they are programmed with periodic electoral exercises that promote the illusion of equality, thus granting the system an aura of legitimacy.

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