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However, democracy’s success pales in comparison to the spread of capitalism throughout the world. If we take the minimal standards of democracy as a measure-ment, there were 123 countries (out of around 200) that could be called an “electoral democracy” in 2010 (Freedom House 2010).
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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.
Indeed, as many theories of the capitalist state have argued, non-capitalists often perform much better as political managers of capitalism than capitalists would themselves – all of which means that capitalism is an economic system that is compatible with electoral or formal democracy.
Mar 9, 2018 · Under capitalism, decisions and their implementation lead to a degree of economic and social inequality (in income, wealth, power, and life chances) that is hardly acceptable in a democracy built on principles rooted in equal rights, opportunities, and duties.
- Wolfgang Merkel
- wolfgang.merkel@wzb.eu
- 2014
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...
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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Is capitalism compatible with electoral democracy?
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Is capitalism Democratic?
Can Capitalism prosper under both Democratic and authoritarian regimes?
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...