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For the relationship between capitalism and democracy, the significance of these changes in the representation regime was profound. In the fragmented electoral space of the 1980s and 1990s, the voice of the working class was no longer as loud as it had once been.
Jul 10, 2021 · More recently, Slobodian argues that the entire neoliberal system of international institutions set up since the 1950s has served to protect capitalism against democracy: the entire “neoliberal project focused on designing institutions–not to liberate markets but to encase them, to inoculate capitalism against the threat of democracy” (Slobodian 2018, 2). For many on the left of the ...
- Abstract
- Representation regimes
- Dynamics
- Acknowledgements
This paper argues that the relationship between capitalism and democracy is not immutable but subject to changes over time best understood as movements across distinctive growth and representation regimes. Growth regimes are the institutionalized practices central to how a country secures economic prosperity based on complementary sets of firm str...
Two issues are central to contemporary debates about the relationship between capitalism and democracy. The first, normally given the most attention, is: how much control do democratic governments exert over capitalist economies? But, since democracies are representative systems designed to speak for a popular will, an equally important issue is...
This account is revealing about the dynamics through which capitalism and democracy change. Growth regimes and representation regimes are mutually constitutive of each other. As a result, the process whereby they change is marked by multiple endogeneities rather than stark lines of causality. Firm strategies at the heart of growth regimes respon...
For comments on a draft of this paper, I am grateful to Peter Gourevitch, Deborah Mabbett, Jonas Pontusson, Mark Schwartz, Waltraud Schelkle, Ron Rogowski, Yeling Tan and Nicholas Ziegler. Georgina Evans provided helpful research assistance.
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Monitoring the European Community in the Early 1980s. After a decade marked by the combination of deep economic stagnation and harsh social conflicts across the largest capitalist countries (such as France, Italy, the United Kingdom, West Germany and the United States), between 1978 and 1981 significant political transformations occurred in the Western world.
May 24, 2016 · Three key events have brought the question of capitalism and democracy back into the public and scientific debate in recent years: the global financial crisis of 2008, the Greek tragedy within the Eurozone (EMU), and the publication of Thomas Piketty’s book “Capital in the twenty-first century” (2014). 1 The triumphant success of the ...
- Wolfgang Merkel
- wolfgang.merkel@wzb.eu
- 2016
May 22, 2024 · The 1980s and 1990s thus saw a different, colder wind blow through political economies. We noted in Chap. 13 that the phase of organized capitalism, which we refer to as Fordism in terms of mode of production and embedded liberalism in terms of international regulation, eroded from the 1970s onward. In the 1980s, however, a new phase of ...
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Dec 31, 2023 · Abstract. 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. Thus, M. Friedman’s (1912–2006) especially discussed democracy and capitalism as coexisting systems in Capitalism and Freedom ...
