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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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democracy and capitalism developed in tandem. The debates are all about how and why. 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 (May/June 1977): 3-41 at 3.
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.
This paper examines the very complex relationship between capitalism and democracy. While it appears that capitalism provides some necessary element for a democracy, a problem of political inequality and a possible violation of liberty can be observed in many democratic countries. I argue that this political inequality and threat to
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.
we want to understand how democracy and capitalism coexist, therefore, we need a model of capitalism that goes beyond a simple dichotomy between state and market. 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
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Oct 1, 2014 · Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit-oriented trade within capitalism...
