this post was submitted on 16 Sep 2024
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But that has more to do with a lack of democratic accountability than with the way the economy works. In my opinion, what holds back the US the most is their completely insane election system.
That lack of accountability, imho, comes from capitalism dictating what democracy can do, and not the other way around. In other countries, democracy limits what capitalism can do, so it's more or less subordinate to it.
In the US, capitalism decides what democracy can do, so it's actually democracy which is subordinated to capitalism.