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Jul 26, 2014 · If one insists that democracy is more than the minimalist concept proposed by Joseph Schumpeter and takes the imperative of political equality and Hans Kelsen’s dogma of “autonomous norms” seriously, the present form of financialized “disembedded capitalism” poses considerable challenges to democracy.
- Wolfgang Merkel
- wolfgang.merkel@wzb.eu
- 2014
Feb 8, 2022 · First, depicting the double movement as a process of dis-embedding and re-embedding understates the significance of the disembedded economy and the challenges of resolving the double movement within capitalism.
Jun 29, 2017 · 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 s...
- Steven J Klees
- 2020
Jul 10, 2021 · Deep integration of national economies through trade, capital markets, and immigration poses direct challenges for democracy. Above, I noted the indirect ways that globalization might undermine support for democracy, first by increasing inequality and second by fostering faster technological change.
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.
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- 54
May 24, 2016 · I have argued in my article “Is capitalism compatible with democracy?” (Merkel 2014a, p. 118–123) that deregulation and globalization lead to four unresolved challenges to democracy: Steadily increasing levels of socioeconomic inequality and poverty, with the result that political participation becomes increasingly asymmetric,
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Is 'disembedded capitalism' a challenge to democracy?
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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.
