Notes On Anarchism: Plutocracy or Democracy


Capitalism is antithetical to democracy. The choice between socialism and capitalism is, to my mind, a choice between democracy and effective plutocracy (i.e., rule by the wealthy). Socialism, as the collective ownership of the means of production, implies the most radical form of direct democracy. Under capitalism,¬†on the other hand — particularly as advocated by modern-day libertarians and so-called “anarcho”-capitalists — one votes with one’s dollar, which is to say, the wealthier one is, the more power one has. Money literally is power. Being heard, just like everything else (i.e., safety, healthcare, education, food, shelter, etc.), is a commodity to be purchased in the market place. One is only as free as one can afford. And because capitalism is not meritocratic, as I have argued before, I take this to be a pretty damning problem.