The country is not without people

The country is not without people

How democracy affects the economy.

More recently the foundations of democracy again undergo revision. Analysts are concerned about — where is the world economy, which is tied to political decisions on the principle of democracy. However, democracy was confused by the brilliant minds of a couple of centuries ago when it was approved in the world, the former, according to some, freer current.

The thought of Millais

And Brexit, and the election of the President of the United States Donald trump is still hotly commented upon in the West. How was it possible to trust ordinary citizens to decide whether to withdraw the UK from the EU if they don’t know anything about the economy? And how was it possible to entrust the American voters the fate of the country if they are willing to do the President is not very enlightened businessman who was fascinated by their populist program, including in the economic sphere?

Many commentators turn to the legacy of the famous British economist John Stuart mill (1806-1873), who is considered the father of modern liberalism. In his seminal work “On liberty”, he uses radical language.

The suppression of freedom of opinion is a tremendous evil, in fact, robbery of civilization. If the opinion is correct, people lose the ability to change the error into truth. If not — they will not be able to appreciate the truth, which is most pronounced on the background of lies.

Mill believed that capitalist society is developing. However, capitalism has many disadvantages. Between 1800 and 1850, real wages increased only 0.5%. The working week was 60 hours, and the duration of life in many cities of great Britain — only 30 years. So the venerable economist has supported the establishment of trade unions and welcomed the adoption of laws that improve working conditions.

In mill’s view, the main drawback of capitalism is that it breeds conformism: people bewitched by the idea of wealth accumulation and tend to passively accept the world as it is. What is called the tyranny of conformism.

Mill liked the idea of the state of freedom in the cornerstone, however, he noted that in the United States “everywhere there is indifference to knowledge and intellectual culture which cannot be converted to pounds, shillings and pence”.