The value system of the bourgeois society is reflected in our daily institutional dealings. This issue was perfectly captured when Pope Francis wondered why it is that media goes into a hysteria mode when the stock market drop by a couple of percentage points, but never mention that a homeless woman dies on a park bench in the middle of winter in New York city? What does it say about society when its entire focus is on markets that benefit the small percentage of the rich, while the many problems of the many are ignored?
Can such a society be a functioning democracy, or simply call itself so for the sake of appearances? By the early 21st century, it is much clearer to look back around the middle of the 20th century to see how the gradual demise of organized labor and the institutionalization of anti-labor ideology and policies are directly linked to downsizing the social welfare state. Many scholars wonder if democracy can survive without a strong middle class. My question is can there be a future of democracy in the absence of a solid working class that in essence supports the viable middle class?