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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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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.
This essay discusses three different approaches to the study of democratic redistri- bution, and then considers the recent literature on capitalism as an economic system and how economic and democratic institutions may relate to each other.
This classic literature about the relationship between capitalism and democracy is illuminating. But it suffers from two limitations. First, much of the literature focuses on whether the two systems can co-exist, and there is more at stake here than their survival.
1 The idea that democracy and capitalism cannot coexist has a long history, as Goran Therborn has pointed out. See “The Rule of Capital and the Rise of Democracy,” New Left Review
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The relation between capitalism and democracy dominates the polit-ical theory of the last two centuries. All the logically possible points of view are represented in a rich litera-ture. It is this ambivalence and dia-lectic, this tension between the two major problem solving sectors of modern society-the political and the economic-that is the ...