If this economic crisis has done anything, it has exposed our so called "democracy" as a fraud.
I believe the problem is simple: Politicians are no longer accountable after they win the election. Because if they were accountable then they wouldn't be able to transfer the massive amounts of taxpayer wealth to the bankers. They wouldn't be able to ignore the massive fraud in the mortgage "securitization" business.
They wouldn't be able to change the FASB (accounting) rules so that bankrupt banks could hold their assets at pre-crash prices. And if the only thing citizens can do is riot in the streets and still be ignored by their governments, then it's safe to say that while politicians hold office they are unaccountable.
In this video I present an alternative to our "democracy": No elections. No politicians. Instead, it's a political system where citizen completely control the legislative process without needing to be actively involved in crafting the legislation. In other words, they can continue living their lives, but they have absolute control over the laws in their country: