Democracy is undermined by the influence of powerful nations from "summary" of Globalization and Its Discontents by Joseph E. Stiglitz
The power dynamics of the world today are starkly evident in the way powerful nations wield their influence over smaller, less powerful countries. This influence extends far beyond just economic matters; it seeps into the very foundations of democracy itself. When powerful nations exert their will on weaker countries, they undermine the democratic processes and institutions that are meant to protect the interests of all citizens. One of the most insidious ways in which powerful nations undermine democracy is through the imposition of economic policies that serve their own interests at the expense of the host country's population. These policies, often dictated by international financial institutions controlled by powerful nations, can have devastating effects on the social fabric of a country. They can lead to increased inequality, poverty, and social unrest, all of which erode the foundations of a healthy democracy. Moreover, powe...
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