Participatory capitalism replaces participatory -democracy In the Western hemisphere, the process of the transmutation of the nation state into a corporate state has numerous effects, the most crucial being the decline of liberal democracy. The populace as a whole comes to have less say in the circumstances of its existence and state institutions are reduced in their function for citizen interest.
Societies worldwide are in crisis. At this historical juncture in the turbulent course of the West, processes indicative of radical social and political change are in play, possibly of epochal significance. The current crisis (or historical moment of critical transformational intensity) is indicated by a swath of technological innovations, the accumulation of personal wealth on a scale never before seen, new forms of class domination accompanied by deepening impoverishment and socioeconomic inequality, extraordinary population displacement…
