Democracy and the Market: the Fratricidal War!

In our last editorial, we wrote: "Today the picture is different as we await a global crisis that is both severe, long-lasting and whose end is uncertain.We were, unfortunately, right in phrasing it as a "certainty of the uncertainty.Today we see something new straight out of the alchemy of the world: we see the first and, perhaps, the most serious confrontation between democracy and the market since the birth of modern capitalism in the nineteenth century, if not that of the fourteenth century.

These two elements of modernity, until yesterday Siamese-like, confronting each other before our terrified eye's are engaged in a socially devastating battle in the euro area as well as in the United States and Great Britain.The market has revealed its speculative propensities which the democratic world struggles not only to confront institutionally but simply to understand.

Lacking the political institutions to control the speculation of the stock market and banking industry, the middle classes and modest strata of western society suffer the consequences of the fiscalization of the economy. That's where the clash between the market and democracy lies. Globalization, which had triumphantly emerged thanks to the implosion of the collectivist galaxy, today confronts its first structural crisis. With this "capricious wrath" of the market, democracy rose up not only in the West through the "indignant", but also in the European periphery with the flowering of the "Arab Spring."

So, in the throes of the market economy, fiscalization has brought productive capital to its knees. And in the name of democracy, The confrontation of the democratic and economic "turmoil", suis generis, has weakened, in its way, the very foundations of modernity and set in motion a very hypothetical post-modernity, a post-modernity of unpredictable magnitude, shape, and color.