While headline for this article makes the ridiculous implication that what we have had is some meaningful democracy, Buxton's essay does make clear that our capitalist masters are prepared to move away from any pretense of democracy. This is actually good unless their media manage to convince most of their subject populations that this is a move to more "democracy". It's good because more astute and awake members of the public will no longer be fooled by the present democratic fakery of managed elections, but it's bad if most of the public swallows more of their lies. The main problem is that capitalist rule intentionally creates a passive, misinformed population over time.
Buxton shows how undemocratic the board of Global Redesign Initiative which is the body that is spearheading this drive with the support of Davos members:
While half of the Board (12) are currently corporate executives, if you look at their career history, this rises to two-thirds. Only one member can be said to represent civil society (Peter Maurer of Red Cross). There are no representatives of trade unions, public sector organizations, human rights groups, peasant or indigenous organizations, students and youth.Regarding the one Red Cross representative based on my personal experience with the Red Cross, this organization is thoroughly infiltrated at the highest levels by corporate representatives.
It is therefore no surprise when multi-stakeholder policy groups rarely, if ever, recommend any binding regulations that would damage corporate profits.