is liberal democracy contradiction in term ?
Answers
Answer:
no
Explanation:
Democracy and economic liberalism are often sold as a two-for-one package deal to the world. The United States, as the core of neoliberal hegemonic power, has prominently stated in Chapter VI of its National Security Strategy (NSS) report (2002) its dedication to this ideal which states the following:
promoting free and fair trade has long been a bedrock tenet of American foreign policy. Greater economic freedom is ultimately inseparable from political liberty… history has judged the market economy as the single most effective economic system and the greatest antidote to poverty. To expand economic liberty and prosperity, the United States promotes free and fair trade, open markets, a stable financial system, the integration of the global economy, and secure, clean energy development (U.S. National Security Strategy Report, 2002).
However, more and more as the liberal economic system spreads and entrenches itself in the international system, we have seen a contraction of the power of democracy. There is a misconception being built that democracy cannot exist without a free market capitalist economy (although free market capitalism finds many friends in the least democratic countries). Many international institutions push these economic ideas on their members. Through international treaties and trade agreements, economic restraints are being placed on member states, without the consent of the people. This democratic deficit is concerning, and has been especially illuminated during the current economic crisis. It has led us to ask the question: has the hegemonic economic system diminished the space of popular democracy?
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