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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 both ...
Jul 10, 2021 · Capitalism has always fostered change, which has had political implications. The development of social welfare states to channel and moderate that change was important after World War II. But today the inequality, insecurity, and interdependence it is breeding are creating serious political problems for democracies.
Here, however, I consider only how the relationship between capitalism and democracy has changed in the developed democracies over the decades since the Second World War with an emphasis on the distribution of well-being. To focus on change over time, I also give short shrift to national variations.
- Abstract
- Representation regimes
- Dynamics
- Acknowledgements
This paper argues that the relationship between capitalism and democracy is not immutable but subject to changes over time best understood as movements across distinctive growth and representation regimes. Growth regimes are the institutionalized practices central to how a country secures economic prosperity based on complementary sets of firm str...
Two issues are central to contemporary debates about the relationship between capitalism and democracy. The first, normally given the most attention, is: how much control do democratic governments exert over capitalist economies? But, since democracies are representative systems designed to speak for a popular will, an equally important issue is...
This account is revealing about the dynamics through which capitalism and democracy change. Growth regimes and representation regimes are mutually constitutive of each other. As a result, the process whereby they change is marked by multiple endogeneities rather than stark lines of causality. Firm strategies at the heart of growth regimes respon...
For comments on a draft of this paper, I am grateful to Peter Gourevitch, Deborah Mabbett, Jonas Pontusson, Mark Schwartz, Waltraud Schelkle, Ron Rogowski, Yeling Tan and Nicholas Ziegler. Georgina Evans provided helpful research assistance.
Aug 28, 2019 · Today, the changing relationship between capitalism and democracy in Europe is linked to the continent’s altered position in the world. It is not merely that its demographic mass has shrunk (the combined populations of Europe and North America represented 30 per cent of the world’s population in 1900 and barely half that today), it is also ...
Oct 24, 2024 · August 31, 2021, Paper: "This article argues that the relationship between capitalism and democracy is not immutable but subject to changes over time best understood as movements across distinctive growth and representation regimes. Growth regimes are the institutionalized practices central to how a country secures economic prosperity based on complementary sets of firm strategies and ...
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Throughout the past two centuries, capitalism and democracy have proven them-selves the most successful systems of economic and political order.1 Following the demise of Soviet-style socialism after 1989 and the transformations of China’s econ-omy, capitalism has become the predominant system around the world. Only a few