This chapter explores how political and economic transformations have led to the degeneration of democratic institutions and a widespread disillusionment with democracy. Ortiz Leroux’s hypothesis is that the rise of social and economic inequality is, in part, the result of a model of democracy that has centered on political equality at the expense of economic equality, which has delayed the creation of an egalitarian society. Ortiz Leroux analyzes the rise of wealth inequality in Europe and Latin America, specifically in Mexico, and examines how it has eroded representative-electoral democracy and threatened the basic principles of democracy as a form of society. Finally, Ortiz Leroux engages with Pierre Rosanvallon’s important work on democracy and the new social question by examining the possible conditions through which the principles of a society of equals might be implemented in Mexico.