Bitfinex

Democracy appears to be malfunctioning in a fast-paced world. “The concept of the Western-style democratic system is that an accountable government funded by revenue from the market will distribute wealth thus creating a stable society,” writes journalist Humphrey Hawksley, who points out large number of citizens, many uneducated, are convinced that democratic systems are rigged by wealthy and educated elites. “Rather than feeling more involved through their elected representatives, people have a sense of being excluded politically and left behind economically, and this is not how democracy is meant to work.” A huge trust deficit has emerged in democratic politics and business, Hawksley argues, and reforms cannot happen too soon as growing numbers of voters prefer dismantling entire systems of governance, encouraged by ambitious ringleaders relying on fear, hyperbole and wild promises of their own invincibility.