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However, democracy’s success pales in comparison to the spread of capitalism throughout the world. If we take the minimal standards of democracy as a measure-ment, there were 123 countries (out of around 200) that could be called an “electoral democracy” in 2010 (Freedom House 2010).
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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.
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
I focus on three causal pathways by which globalization might be undermining (stable) democracy. These involve rising economic inequality, personal insecurity, and global interdependence. The next section explores what can be done to try to make global capitalism more compatible with democracy.
How are we to understand the relationship between capitalism and democracy? This issue is on the public agenda again. “Is Capitalism a Threat to Democracy?” asks an article in The New Yorker. “Are Capitalism and Democracy Compatible?” asks the Huffington Post.
Sep 8, 2022 · In this chapter I review four ways of theorizing the relationship between capitalism and democracy. Classical liberalism has long maintained that capitalism and democracy are complementary—that both mutually reinforce the same demand for freedom or, at the very...
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Jul 26, 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 in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus ...