What we have now is public firms where the governance is under the control of the CEO and board of directors, not the stockholders. This is anti-democratic.

We also have highly imperfect democratic governance in the largest developed countries (especially the US and UK). In the US it is money that votes not people. This has nothing to do with how firms are financed (capitalism).

What is needed in the US is to reform the electoral process so that money is not used to buy elections. Any combination of public financing, limited allowance of corporate money, free broadcast time and a number of existing good government proposals could do the job. Unfortunately there is little sign of a desire for reform.

The permanent election industry (consultants, lobbyists, media, pollsters, etc) makes too much money from the present system to want to see it changed.

As the number of non-democratic capitalist countries continues to grow the old confusion between the two concepts is starting to vanish. We need to repair democracy, we need to replace capitalism.

Policies not Politics
---- Daily Landscape