Missing Intellect in Economics and Politics Volume Two

In the last two decades, Free Market Economy and Democracy came to the brink of collapse. Neither of these systems can survive unless their fundamental structural problems are dealt with and realistic solutions are implemented. Unfortunately, while the issues of secondary importance are freely discussed, it is a taboo to mention the elephant in the the social intellect threshold for the society for the proper functioning of free market economy and democracy is rising every passing day, while the social intellect of the society is not. ***Missing Intellect in Economics and Politics* ** aims to reveal the vital but inadequately recognized aspects of Free Market Economy (Volume One) and Democracy (Volume Two) that are either *flawed in principle* , or *unknowingly or deliberately* *misapplied in practise.* Then, it offers potential solutions that will enable these systems to survive in an environment that is getting ever more complex day by day. ***Volume Two* **covers a wide but interconnected range of topics, *the root cause of the system breakdown* was not the failure of Free Market Economy but that of Democracy long before that.Why the *failure* to have *a real separation of powers* in politics requires the minimisation of the size and the function of the State — while an over-shrank State is not the optimal solution for long-term economic growth and therefore prevents the maximisation of the welfare of the society.Why the current form of Democracy, where *stability* and *fair representation* remain to be contradicting requirements, fails to satisfy the needs of the society that is becoming ever more *heterogeneous*. And how a new *Advanced Democratic System* embracing radical changes can serve the society better.Why *competition in politics* is vital for the proper functioning of Democracy, but almost non-existent in the current practise.How can *real separation of powers* and *real and fair competition* be established in democracy with the proposed new *Advanced Democratic System.* Why the *Social Intellect* of the individuals and the society -defined as a blend of wisdom, social education, social experience, and social awareness- are weakening relative to the increasing complexity of the world, and why that is damaging the political system.Why the troubles related to *Agency Problems* and *Information Asymmetries* are so central to the malfunctioning of the political system.Why a *concentration of power on control over private data collection and information flow* has the potential to translate into a global political power.Why the *quality of human resources in politics* is of utmost importance, and how the people with superior abilities and high moral values are kept away from the political arena.Why the *middle class* , made up of those above both a minimum income level and a minimum intellectual level, is vital for the stability of the political system. ***Salih Reisoglu* ** has served as the CEO of an Asset Management Company for 20 years, is an expert on capital markets with over 30 years of experience, and has been analysing the relevant fields of economics and politics all through his career. He is a regular guest speaker on many TV channels and universities.