Search results
Feb 8, 2022 · Hence, the disembedded economy concept is perfectly compatible with Polanyi's insight that states and markets are mutually constituted (Polanyi, 1944 /2001).18 The disembedded economy is instituted through political power exercised through the state and markets are (re)configured through political struggle at various scales. The disembedded economy concept is also consistent with the view that ...
- Download PDF
historical evolution of capitalism and the current...
- Download PDF
Mar 9, 2018 · In theory, capitalism and democracy share common enemies: the uncontrollable agglomeration of state or economic power, disorder, unpredictability, and corruption. 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.
- Wolfgang Merkel
- wolfgang.merkel@wzb.eu
- 2014
Jun 29, 2017 · Abstract. Education within capitalism too often reproduces social and economic inequalities. Schools are depicted as failing and teachers are blamed. In this paper, I examine the discourses underlying this situation and the role of foundations in the US and the World Bank in developing countries in maintaining it.
- Steven J Klees
- 2020
Nov 1, 2024 · Understanding democracy and capitalism is essential to understanding the modern world. Democracy and capitalism are significant, if not dominant, systems today. In 2020, 45 percent of nations were full or partial democracies, 1 and 25 percent were relatively free market economies. 2 However, measured as a proportion of global GDP, democracies ...
- 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.
- 635KB
- 54
a disembedded economy. In the following section, we explain how disembeddedness results in the relegation of democracy and the public interest to the "noneconomic" sphere of social life. We then turn from the disembedded economy to a discussion of an embedded economy. Specifically, we ask whether embeddedness would result in an
People also ask
Does capitalism challenge democracy?
What is the relationship between capitalism and Democracy?
Is capitalism incompatible with democracy?
Does education in capitalism reproduce social and economic inequalities?
Is an embedded economy Democratic?
Can democracy exist without capitalism?
May 24, 2016 · The challenge of capitalism to democracy. Three key events have brought the question of capitalism and democracy back into the public and scientific debate in recent years: the global financial crisis of 2008, the Greek tragedy within the Eurozone (EMU), and the publication of Thomas Piketty’s book “Capital in the twenty-first century ...
