Formal Democracy
Criticism of capitalism ranges from expressing disagreement with the principles of capitalism in its entirety, to expressing disagreement with particular outcomes of capitalism. Among those wishing to replace capitalism with a different method of production and social organization, a distinction can be made between those believing that capitalism can only be overcome through revolution (e.g., revolutionary socialism) and those believing that structural change can come slowly through political reforms (e.g., social democracy). Some critics believe there are merits in capitalism, and wish to balance it with some form of social control, typically through government regulation (e.g., the social market movement).
Famous quotes containing the words formal and/or democracy:
“The conviction that the best way to prepare children for a harsh, rapidly changing world is to introduce formal instruction at an early age is wrong. There is simply no evidence to support it, and considerable evidence against it. Starting children early academically has not worked in the past and is not working now.”
—David Elkind (20th century)
“We need not fear any isms if our democracy is achieving the ends for which it was established ...”
—Eleanor Roosevelt (1884–1962)