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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 both....
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- Capitalism and Authoritarianism After WWII
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- A Billionaire's Game
- Building Democracy Into Existence
The belief capitalism and democracy always go hand-in-hand is historically inaccurate. "Capitalism is basically an economic system that can function, and has historically functioned, within the context of a number of different political systems, ranging from democratic to extremely authoritarian," explains Jacques Pauwels, a Canadian historian and ...
Capitalism and authoritarianism took a different twist in the post-war era. "At the end of the Second World War, the United States looked around the world and told itself: 'We are the only important country that has not been sapped politically, economically, morally and militarily by this war'," observes Stephen Kinzer, a former New York Times fore...
At the same time it was active in Iran, the CIA also engineered a coup in Guatemala, overthrowing the democratically-elected government of Jacobo Arbenz, on behalf of the United Fruit Company, the American multinational famous for producing Chiquita bananas. Arbenz had wanted to expropriate unused plantation land and give it to agricultural workers...
The rise of right-wing populism arrived in America in 2016, when former Goldman Sachs executive, Steve Bannon, a proponent of the alt-right and head of Breitbart News at the time, went looking for a candidate to run for the Republican nomination. He found developer, Donald Trump. But long before Trump's ascendency, corporations and the ultra-wealth...
In recent years, the Republican Party and its wealthy backers have been attempting to undermine the U.S. electoral system by gerrymandering Congressional districts and engaging in voter suppression methods aimed at constraining the ability to vote among minorities, especially African Americans. "And in 2016, for example, certain urban areas, colleg...
May 7, 2018 · Books. Is Capitalism a Threat to Democracy? The idea that authoritarianism attracts workers harmed by the free market, which emerged when the Nazis were in power, has been making a comeback. By...
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.
But there is a decisive difference: whereas certain forms of capitalism produce and function with an extreme concentration of wealth and capital, democracies cannot coexist with a similar constellation and concentration of power. Finally, capitalism and democracy can support each other.
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Jun 13, 2019 · Economists and political theorists have imagined all sorts of ways capitalist democracies might fail. The oldest is the worry that grasping masses will vote to expropriate the wealth (hard-earned...
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Do capitalism and democracy go hand-in-hand?
Democratic capitalism succeeded because capitalists were on board with—and at times, worked to improve—our democracy. This stands in stark contrast to capitalists today, who seem at best agnostic, and at worst, outright cynical, about our system of government.
