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Democratic capitalism, also referred to as market democracy, is a political and economic system that integrates resource allocation by marginal productivity (synonymous with free-market capitalism), with policies of resource allocation by social entitlement. [1]
- Zusammenfassung
- 3 Three types of democracy
- 10 The exclusive character of US democracy becomes even more apparent if the 10–15% of the lower class without citizenship are taken into account. A considerably smaller part (5%) at the upper end of the income scale does not have citizenship (Bonica et al. 2013, p. 110).
Kapitalismus und Demokratie folgen unterschiedlichen Logi-ken. Ersterer basiert auf Eigentumsrechten, individueller Gewinnmaximierung, hie-rarchischen Entscheidungsstrukturen und ungleichen Besitzverhältnissen, Letztere gründet auf der Suche nach Allgemeinwohl, Diskurs, politischer Gleichheit und den Verfahren konsensueller oder majoritärer Entsche...
The definition of democracy is highly contested: liberal, social, pluralistic, elitist, decisionist, communitarian, cosmopolitan, republican, deliberative, participatory, feminist, critical, post-modern and multicultural concepts of democracy all compete with each other (Lembcke et al. 2012). From a more simplified perspective, however, three group...
2014). Declining turnout and increasing social selectivity of the electorate also stem from increasingly precarious conditions faced by the lower classes on the labor mar-ket as well as the decline of catch-all parties, labor unions and other large collective organizations that played a crucial role in the politicization and representation of the l...
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May 13, 2016 · Likewise, the philosopher Michael Novak argued that in the long term, capitalist democracy is not possible; however, democratic capitalism is possible.
- Kevin Albertson
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...
Mar 9, 2018 · It is apparent that capitalism can prosper under both democratic and authoritarian regimes but that, so far, democracy has existed only with capitalism. Nevertheless, capitalism and democracy are guided by different principles that create tensions between the two.
- Wolfgang Merkel
- wolfgang.merkel@wzb.eu
- 2014
Dec 31, 2023 · This approach argued that a strong democracy would lead to capitalism, individual freedoms would be guaranteed under the capitalist system, and capitalist development would in turn lead to democratic development.
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Jul 7, 2011 · This chapter discusses three different approaches to the study of democratic redistribution, and then considers the recent literature on capitalism as an economic system and how economic and democratic institutions may relate to each other.
