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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...
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The belief capitalism and democracy always go hand-in-hand is historically inaccurate. "Capitalism is basically an economic system that can function, and has historically functioned, within the context of a number of different political systems, ranging from democratic to extremely authoritarian," explains Jacques Pauwels, a Canadian historian and ...
Capitalism and authoritarianism took a different twist in the post-war era. "At the end of the Second World War, the United States looked around the world and told itself: 'We are the only important country that has not been sapped politically, economically, morally and militarily by this war'," observes Stephen Kinzer, a former New York Times fore...
At the same time it was active in Iran, the CIA also engineered a coup in Guatemala, overthrowing the democratically-elected government of Jacobo Arbenz, on behalf of the United Fruit Company, the American multinational famous for producing Chiquita bananas. Arbenz had wanted to expropriate unused plantation land and give it to agricultural workers...
The rise of right-wing populism arrived in America in 2016, when former Goldman Sachs executive, Steve Bannon, a proponent of the alt-right and head of Breitbart News at the time, went looking for a candidate to run for the Republican nomination. He found developer, Donald Trump. But long before Trump's ascendency, corporations and the ultra-wealth...
In recent years, the Republican Party and its wealthy backers have been attempting to undermine the U.S. electoral system by gerrymandering Congressional districts and engaging in voter suppression methods aimed at constraining the ability to vote among minorities, especially African Americans. "And in 2016, for example, certain urban areas, colleg...
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.
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 18, 2020 · Dissatisfaction with democracy in the U.S. has risen by one-third since the mid-1990s and now includes about half the population, according to the Centre for the Future of Democracy at Cambridge...
Dec 31, 2023 · Today, neoliberalism and state capitalism ensured security for the richest but increased the poverty and misery of most of the society. Increasing inequality made the consent on neoliberal policies unsustainable. This increased the conflict between democracy and liberalism as the states became increasingly authoritarian.
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Dec 30, 2023 · Highlights the characteristics of modern capitalism and how it differs from classical capitalism; Examines the relationship between poverty and inequality and modern state capitalism; Discusses how modern economic development has created growth and innovation to nations and individuals
