Is Capitalism Doomed?

October 14, 2019
Le Monde

“The contradiction between capitalism and democracy is at a point of no return.”
by Isabelle Ferreras

If capitalism has a future, democracy may not. Nationalist populists, bolstered by transnational firms whose algorithms prioritize expressions of fear and antagonism, are stoking citizens’ legitimate anger. Faced with the unbridled power of the very private entities they seek to woo, political leaders are attempting to conceal how powerless they are to reduce inequalities and save the planet. But people are no fools: the contradiction between democracy and capitalism is reaching a point of no return.

Ferreras LeMonde 10 2019139 KB