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Capitalist Development and Democracy Dietrich Rueschemeyer, Evelyne Huber Stephens, John D. Stephens
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These years have been a monumental failure for the capitalist ruling elite in Nigeria who have been shown to be incapable in the areas of social services like education, health care, etc and infrastructural development. It is not easy to give an ideological label to Ramphele's party, provisionally named Agang (“to build” in the Sepedi language). The prices of basic necessities skyrocketed. In the context of the global crisis, the traditional institutions of representative democracy show clear signs of growing inefficiency in the management of the capitalist system. Yanzhong Huang argues that while Chinese growth has been impressive, it's singular focus on economic development has negatively affected health, environment, and social areas. Slow growth, stagnation, growing inequality, and multiple and interlocking crises - some global in scope - have become the main markers of capitalist development. The thinking of substantial sections of the American people is changing. All hopes of a third alternative, which will guarantee the realisation of peaceful and harmonious development without class struggle, through the forms of capitalist 'democracy', 'planned capitalism', etc. It was under the reign of President Moi, who succeeded Kenyatta, that the contradictions of authoritarian-dependent capitalist development became more evident and explosive. The 32 years of development unravelled in an explosive manner. Who have exploited their connections to become rich and powerful, points to a China that has made the transition directly from communist dictatorship to crony capitalism, bypassing a democratic stage of development.