Democracy of the present day will have to be reformed. Today democracy, although better than any other system yet introduced, has a number of weaknesses. First of all there is no provision for the economic rights of the people and democracy has even been the preferred government of powerful economic interests who can easily buy their way into influence and power. In addition there are three basic qualities often lacking in the electorate which insures that a very poor standard of leaders are elected year after year. This is particularly prevalent in the less developed countries.
Morality is another quality that is missing.
If more than 51 per cent of people are dishonest, then dishonest people can be elected. Another missing ingredient is Socio economic-political consciousness. Mere education is not enough. Those voting must know what they are voting for or else they will easily be misled by opportunistic politicians. With such universalistic leadership, humanity can reverse the weaknesses of the present period and will be able to set up a social and economic system which is rational, just and truly progressive.