The Powers of Democracy
Darius Jones-Craven
October 27, 2014
Savannah State University

Soft power is the persuasive approach to international relations, typically involving the use of economic or cultural influence. This concept was developed by Joseph Nye of Harvard University and is used the term has also been used in changing and influencing social and public opinion through relatively less transparent channels and lobbying through powerful political and non-political organizations. Soft power lies in the ability to attract and persuade. Over the past decade, China’s economic and military might has grown impressively, and this has frightened its neighbors into looking for allies to balance rising Chinese hard power. But if a country can also increase its soft power, its neighbors feel less need to seek balancing alliances. China has always had an attractive traditional culture, and now it has created several hundred Confucius Institutes around the world to teach its language and culture. There is one being implemented here at Savannah state University on October 28th 2014. China is not known for their soft powers but for their hard powers which consist of their money and military strength. Hard power is the use of military and economic means to influence the behavior or interests of other political bodies. This form of power is much more aggressive approach than the soft power where the soft power is more of a cultural influence rather than a forceful power. India which is another large economy is much of a soft power they use strategic strategies and also agreements, treaties to handle and regulate power in their country and how they react with other countries.
Democracy system assumes an enormous part in the distinctive financial markets in considering what is all obliged present day markets require a base of transport, logistics, and correspondence, much of it the consequence of open speculations. They require frameworks of agreement implementation and property-rights assurance. They require regulations to guarantee that shoppers settle on educated choices, externalities are disguised, and business sector force is not misused. They require national banks and monetary establishments to turn away money related frenzies and moderate business cycles. They require social assurances and wellbeing nets to legitimize distributional results. Economic development will transform social structure and create a large enough middle class as the social basis of democracy. A direct effect of economic development is the increase in the level of education.
The connection of the middle of popular government democracy and capitalism has dependably been a strained one, of even aggregate inconsistency. Free enterprise just feels safe it is governed by whoever possesses capital or relates to its needs, though majority rules system, actually, is the tenet of the dominant parts who have not capital or motivations to relate to the needs of a free market system. The clash is distributive: a challenge between the gathering and convergence of riches from the entrepreneurs and the interest for the redistribution of riches from specialists and their families. Capitalism supports democracy in that it takes very little maintenance from the government for a capitalistic economy to function. Many go so far as to say that the less interference the better it works, the so called invisible hand of the market they call it. Capitalism subverts democracy because wealth in a capitalistic society eventually becomes much skewed, and there ends up being a huge gap between the lower and upper classes with a small middle class. The result of which is that the democratic process is corrupted by money injected into the political process, and the influence that money has on the politicians. A capitalist economy turns a democratic country into a country for hire. Democracy promotes development rests on the central idea that the political institutions critical to economic development are more likely to exist and function effectively under democratic rule. And in conclusion capitalism will never be a match and make a direct correlation to capitalism because of the different factors but capitalism is needed to support democracy.

References

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The Diplomat : http://thediplomat.com/2014/09/indias-soft-power-advantage