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But there is a decisive difference: whereas certain forms of capitalism produce and function with an extreme concentration of wealth and capital, democracies cannot coexist with a similar constellation and concentration of power. Finally, capitalism and democracy can support each other.
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Sep 8, 2022 · In this chapter I review four ways of theorizing the relationship between capitalism and democracy. Classical liberalism has long maintained that capitalism and democracy are complementary—that both mutually reinforce the same demand for freedom or, at the very...
Mar 11, 2020 · Democracy and capitalism coexist in many variations around the world, each continuously reshaped by the conditions and the people forming them. Increasingly, people have deep concerns about...
How are we to understand the relationship between capitalism and democracy? This issue is on the public agenda again. “Is Capitalism a Threat to Democracy?” asks an article in The New Yorker. “Are Capitalism and Democracy Compatible?” asks the Huffington Post.
Mar 9, 2018 · The latest financial crisis of 2008 and the subsequent Euro crisis have changed thinking about the complementary nature of capitalism and democracy. Both theoretical and empirical analysis reveal an increasing number of contradictions—even incompatibilities—between capitalism and democracy.
- Wolfgang Merkel
- wolfgang.merkel@wzb.eu
- 2014
Jul 10, 2021 · Global capitalism seems to be placing democracy, especially liberal democracy, under considerable stress. Support for populism has surged, especially for extreme right parties with populist and authoritarian programs.
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Nov 9, 2021 · One view holds that democracy and capitalism are in tension with each other, and that footloose capital undermine redistribution; another view holds that democracy and capitalism are complements, and that democracy compensates for inequalities in the distribution of property and income.