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Mar 9, 2018 · The latest financial crisis of 2008 and the subsequent Euro crisis have changed thinking about the complementary nature of capitalism and democracy. Both theoretical and empirical analysis reveal an increasing number of contradictions—even incompatibilities—between capitalism and democracy.
- Wolfgang Merkel
- wolfgang.merkel@wzb.eu
- 2014
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.
Global capitalism seems to be placing democracy under considerable stress. Inequality, insecurity, and interdependence have surged globally and appear to be key sources of stress.
Oct 1, 2014 · Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit-oriented trade within capitalism...
- Wolfgang Merkel
perspective, capitalism and democracy seem incompatible. 1. To most economic historians, however, the answer to the question “Can democracy and capitalism be reconciled?” is an obvious “Yes.” A glance around the world today suggests that all the “advanced” capitalist societies are both rich and advanced democracies, and all of the
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.
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Feb 7, 2022 · To what extent are capitalism and democracy compatible with each other? And to what degree are today’s changing economy and the growth of inequality threatening the stability and performance of contemporary democracies?