Crunch time for democracy

http://www.linkedin.com/in/paulomarcos

It is ‘Crunch time for democracy’ according to a recent Economist Intelligence views wire article, pointing out that the current economic crisis may also be bad news for democracy. The danger might be that markets and democracy could now be seen as part of the same compromised package, undermining the scope for Western democracy promotion and increasing the attractiveness of the Chinese model of authoritarian capitalism for many emerging markets. Whether this depressing forecast will become reality remains to be seen, it surely will add to the challenges democracy promoters all over the world are facing.