How Income Inequality Threatens Democracy

Abstract

The article discusses income inequality and unregulated neoliberal markets as internal threats to democracy. Based on a profound understanding of liberal democracies, the assumption that economic and political liberalism are one and the same and the latter does not need any protection against the former lead to a situation where political liberalism is being hurt, challenged and its very existence is threatened by unchecked economic liber­alism. The biggest internal - direct and indirect - threats towards democracy are stemming from unchecked unregulated neoliberalism.