> How can the voters exert punishment when who's even running for office is determined by the amount of money available for campaigning?
There are a few issues I have with this statement, hence I decided to slice your post. I hope it is ok. Here is what I can't agree on:
1. From the very sentence above my understanding is that you notice something very important here: is it that in your opinion democracy doesn't work? You see this point you make isn't about capitalism. It's all about Democracy. Your claim here is that (sorry for vulgar interpretation): democracy doesn't work because I see elections after elections that voters vote for guys with most money for the campaign. But that's issue with democracy. Not capitalism. As long as money exists, rich&poor exist -- democracy won't be perfect. I take different view than that on this. I think you need more than just money to kind of "cheat" in democracy. You need stupid populous too. You need dumb people who care just about 6-packs and entitlements. So whoever promises them the most for the vote casted, gets elected. And then that gets funded by cheap credit, forever low interest rates (FED) and public spending. No wonder both parties do the same. This is late stages of democracy though. Not issue with capitalism. Last time I checked capitalism worked fantastic for a country - namely China -- but without the fallacies of democracy.
2. You are not the only one who notices that. US Government noticed that as well. And compared to China, it seems democracy and capitalism aren't as effective as authoritarian system and capitalism. It's not only China. Look at South-East Asia in general. If you ask, why we have more militarization of police, huge prison population, NSA eavesdropping, etc, etc -- it's all about the elites in the US seeing on the example of China that democracy doesn't really work.
3. Another issue with the statement: would you voted for Hitler given he had the most money in elections in 1933 ? Right, democracy isn't idiot-proof. That's the real problem with it. You can't really let 6-pack-joe voting, that's idiotic notion. Again, nothing to do with capitalism.
>Add to that the fact that no ordinary citizen directly voted for the bailouts, how can you blame this on the voter? The problem is not the voter, but the system.
Democratic system that is. Ordinary citizen not knowing how to vote. Poor idiots. Almost like Jews voting for NSDAP. (Sorry, couldn't help myself). Your disbelieve in American voters is mind blowing! The distrust in democracy horrifying!
EDIT: voted voting ; stop help