The Superrich Endanger Democracy

Its impact, however, is weak, with European democracy facing two hostile forces: corporations lobbying the European Commission and individual governments at levels European Parliament cannot reach; and xenophobic populists trying to pull power away from the EU and back to the nation states. Democracy operates in two different theatres: the formal roles played by elections and parliaments; and the informal actions of lobbying and other forms of political pressure that take place across civil society. Capitalism is creating problems for the effectiveness of democracy

The main motor of this inequality is the financialization of the global economy.

Source: www.zeit.de