When asked of her proudest achievement in government Margaret Thatcher said, wryly, and accurately one assumes, "New Labour." She changed the mood music of UK PLC under her watch, and in these times of neo-liberal ascendancy that Thatcher beckoned in, neither Labour nor the Tories will introduce a Hollande style higher income tax bracket so that those who can afford it most contribute more to public finances through their income.
Democracy will not work in a jurisdiction where the majority of the electorate lack education, a minimum moral standard, and a sense of citizenship. How can the raw capitalist spirit be tempered to produce sustainability and a great democracy?
Practically the entire world is under control of powerful money interests, whether they be Chinese, Russian, European, American or other oligarchs or trans national organizations. This has not always been the case.
Economic destruction and inept Baby-Boomer leadership will empower a generation to step up and assume the virtues necessary to establish a more agreeable and inclusive society.