One of the guys from SeeingTheForest has a post about being stuck in an airport and uses a very accurate term to describe his predicament - the You're On Your Own (YOYO) society. I think this pretty much sums up the direction all modern western democracy's are heading, including my own banana republic. Individuals awarding themselves huge salaries and bonus' is lauded while government spending of social programs are either curtailed or run into the ground.
The fact is democracy is dying and corporatism is the de facto method of governance in the world today. And as George Carlin said "we know what these people want, they want more for themselves, and less for everybody else" and they are getting it.