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- One view holds that democracy and capitalism are in tension with each other, and that footloose capital undermine redistribution; another view holds that democracy and capitalism are complements, and that democracy compensates for inequalities in the distribution of property and income.
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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Sep 8, 2022 · In this chapter I review four ways of theorizing the relationship between capitalism and democracy. Classical liberalism has long maintained that capitalism and democracy are complementary—that both mutually reinforce the same demand for freedom or, at the very...
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.
How are we to understand the relationship between capitalism and democracy? This issue is on the public agenda again. “Is Capitalism a Threat to Democracy?” asks an article in The New Yorker. “Are Capitalism and Democracy Compatible?” asks the Huffington Post.
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.
Nov 11, 2016 · Capitalism's defenders have long praised it for its freedom. It is, they say, a system of free markets, free enterprise, and free labor – a system that extends maximal “freedom to choose” (in Mi...
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Dec 31, 2023 · Since the beginning of the neoliberal era, it has been argued that there was a correlation between democracy and capitalism, and a strong democracy could ensure capitalist development and increase welfare.
