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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...
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.
perspective, capitalism and democracy seem incompatible. 1. To most economic historians, however, the answer to the question “Can democracy and capitalism be reconciled?” is an obvious “Yes.” A glance around the world today suggests that all the “advanced” capitalist societies are both rich and advanced democracies, and all of the
- What Is Growth?
- What About 'Green Growth'?
- Too Good to Be True
- Taking A Fair Share
- Transcending Capitalism
Economic growth generally refers to gross domestic product (GDP) – the monetary value of goods and services produced in an economy. Historically, and across the globe, GDP and environmental impact has been closely linked. Capitalism needs growth. Businesses must pursue profits to stay viable and governments want growth because a larger tax base mea...
Most mainstream economists and politicians accept the science on the dire state of the planet, but not many people think capitalism is the problem. Instead, the dominant response to the ecological crisis is to call for 'green growth". This theory involves producing ever more goods and services, but with fewer resources and impacts. So a business mi...
There are several big problems with green growth theory. First, it isn't happening at the global scale—and where it is happening to a limited extent within nations, the change is not fast or deep enough to head off dangerous climate change. Second, the extent of "decoupling" required is simply too great. Ecological footprint accounting shows we nee...
Let's do the maths. If all humans lived like Australians, we'd need more than four planets to sustain us. Earth's population is set to reach 9.7 billion by 2050. Our current levels of consumption do not add up. Something resembling a fair share could involve developed nations reducing energy and resource demands by 50% or even 75% or more. This wou...
I'm certainly not suggesting we adopt a centralised, Soviet-style state socialism. After all, a socialist economy seeking growth without limit is just as unsustainable as growth capitalism. We must expand our imaginations and explore alternatives. I don't have all the answers—and I think post-capitalist movements, now and in the future, will probab...
capitalism can coexist or even flourish in the context of different forms of political government, such as democracy and dictatorship. The impressive advancement of democracy around the world coincides with the
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Others have argued that capitalism is a threat to democracy. Their premise is that capitalism translates economic power into levels of political power sufficient to subvert democracy. Capitalists are said to derive such power from the advantages that money or social standing confer on candidates for political office capacities to and from their
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Can Capitalism coexist?
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Is capital-ISM a threat to democracy?
Capitalists’ toleration of electoral democracy has two well-defined limits, however: one derives from the balance of power between capital and labour, and the other from structural features of capitalist economies.
