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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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These short but informative videos discuss the ways in which two of America’s most influential entrepreneurs during World War II impacted the strategic course of the war. William ‘Bill’ Knudsen’s story is detailed in the video Capitalism in World War II: The Arsenal of Democracy.
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...
The association between capitalism and democracy, although still solid, — especially in the Anglo-Saxon countries and more particularly in the United States, — has ceased to be a smooth one.
- Raoul de Roussy de Sales
At the end of World War II, during the Bretton Woods negotiations, the United States and the UK made efforts to bring the Soviet Union into the postwar monetary system. This attempt did not work out, and the Western economies and the Soviet Union split apart.
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.
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If we were to trace the evolution of capitalism and democracy through two centuries of coexistence, we would find many examples of how changes in growth and representation regimes have altered the relationship between capitalism and democracy.
