Economic Philosophy to Preserve Democratic Capitalism


People prefer democracy to authoritarian governments. But they panic when they lose their jobs earned wealth in a powerful democratic nation like the USA. They question whether democratic is less competitive than the state-sponsored nondemocratic capitalism of China.

They see that corporate behemoths like General Motors, Goldman Sachs, Merrill Lynch, Lehman Bear Stearns and Citigroup have been run by the top graduates from esteemed business schools. these behemoths tottered, all at once in 2008, people worried about the efficacy of the top business education for preservation of jobs and wealth in a democracy.

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