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Social and Behavioral Sciences Commons

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Philosophy

Undergraduate Honors Thesis Collection

2016

Ethics

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The New American Revolution: Economic Inequality And Economic Democracy, Alec Stubbs Jan 2016

The New American Revolution: Economic Inequality And Economic Democracy, Alec Stubbs

Undergraduate Honors Thesis Collection

This work explores the disastrous effects of the modern capitalist system and how it creates, as well as perpetuates, the negative impacts of a vastly unequal system. Beginning with how inequality manifests itself and why we should care, this work analyzes the damages, dangers, and destruction of economic inequality. These insights help to reveal two key aspects of the failing capitalist system: the lie of real political democracy and the lack of economic democracy. At the root cause of these issues is an unstable capitalism that cannot simply be quelled by taxation, regulation, and reconfiguration. Instead, I contend that what …