Azeem Azhar's Exponential View cover image

Technology and Redistribution of Power (with Yanis Varoufakis)

Azeem Azhar's Exponential View

CHAPTER

Democracy, One Person, One Vote

We think of democracy as at least being the least bad system for finding political legitimacy in a one person, one vote. But come to think of it, democracy has spread only as part of exactly the same process that took away all the important decisions from the political sphere and put them in another sphere where one person on vote doesn't prevail. The big decis s are not being made by government these days. They are being made within the confines of corporations. And in corporations, you get as many voters as you can afford as a shareholder. So the more money you have, the more votes you have. And if you don't have money, you don’t have any votes whatsoever

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