Political parties are dying today because each political party has their own opinion on how to control the country. After so many years these political parties still argued on how to control the country. Today is a new era and the economy is affecting this argument. Until these parties don't agree on something they will die out slowly and soon there won't be any politician sides ( which is for the best).
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There are a lot reasons. A couple come to mind:
There are a bunch of other reasons too
Monetary problems
Too little support politically (other Political party dominance)
The Media
Inter-party tensions and splits
No one wants to have a complicated system. The less political parties there are, the easier it is to vote for a candidate.