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:
“There must be a profound recognition that parents are the first teachers and that education begins before formal schooling and is deeply rooted in the values, traditions, and norms of family and culture.”
—Sara Lawrence Lightfoot (20th century)
“In a democracy everybody has a right to be represented, including the jerks.”
—Chris Patten (b. 1944)