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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]
Capitalism and democracy are two distinct systems that have shaped the modern world in profound ways. While capitalism primarily focuses on economic organization and the distribution of wealth, democracy pertains to political governance and the participation of citizens in decision-making processes.
- 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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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...
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.
This paper examines the very complex relationship between capitalism and democracy. While it appears that capitalism provides some necessary element for a democracy, a problem of political inequality and a possible violation of liberty can be observed in many democratic countries. I argue that this political inequality and threat to
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Nov 9, 2021 · 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 relate to one another, as well as to the welfare state.
