I understand what you mean. I still feel like we're defiling the true meaning of "democracy." We're redefining it based on how it has been carried out so far in most states that self-identify as democratic, rather than on what it truly is.
According to Wiktionary, "democracy" is defined as: "A system of government in which the people exercise power directly or elect representatives from among themselves to form a governing body, such as a parliament."
In its natural modus operandi, democracy entails that the people or citizens are in full control of their state. It just so happens, as you said, that there are some thieving oligarchs who attempt to capture and control states. This is an expected possible result of wealth gaps and capitalism, but we cannot say that "capitalism" is bad. Likewise, we should not claim that the idea of democracy is, in itself, the cause of incompetent governance and mass dissatisfaction. I believe that the only problem with democracy is that people do not exercise their due power as would be expected in an ideal democracy.
If you pay a plumber to fix leaks and he only makes them drip less, you cannot say that the whole industry of plumbing is a sham. Rather, you should consider the obvious fact: this plumber is not doing his job as "ideally" as he should.
Fair points, but I feel like they're still coming from utopian thinking, although they are true and valuable thoughts.
Oligarchs are always chipping away at democracy, even if they have the best intentions. And I use "oligarch" very broadly - everyone from corrupt congressmen to corporations (and their shareholders) benefiting from government spending. I'm also not saying capitalism is bad - I'm a capitalist : anarcho capitalist, specifically - or that corporations are bad. But as long as the political framework is democracy, the system will trend towards corruption. That's because of two reasons : people are incentivized to take from other people, and they vote that way ; and as long as its possible to take from other people, oligarchs will use the power of the state to enrich themselves.
What's the limit to their theft? The only limit is when force rises to meet their force. This is usually a cost/benefit calculation, since credible resistance rarely materializes. The more centralized the state, the more theft. If it costs more to send thugs to steal (taxes, levies, prohibitions, licenses) than the state can afford, they won't do it - so in edge cases, freedom can exist, but only because innovation hasn't yet allowed the ravaging democracy to steal more by saving costs. The edge cases all disappear in the long run.
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