emocracy deficit was used probably to connote the absence of salient features of democratic system of a certain society. The term democracy bankruptcy is more serious in terms of the degree of the decline of a democratic system. Indeed, there is what can be termed political insolvency before democracy bankruptcy. Insolvency is a financial term used in business when a person owed so much debt that he or she could not payback the outstanding sum despite the sale of all the assets he or she possessed. In such a case, the person may be declared bankrupt by a court order. A bankrupt person is financially half dead for he or she cannot conduct business as usual. He or she cannot guarantee for any other person as far as financial deal is concerned. He or she cannot enter into a juristic act. In other words, he or she is just half a human being as far as business and financial matter is concerned.