Is capitalism compatible with democracy?

  title={Is capitalism compatible with democracy?},
  author={Wolfgang Merkel},
  journal={Zeitschrift f{\"u}r Vergleichende Politikwissenschaft},
  • W. Merkel
  • Published 26 July 2014
  • Political Science
  • Zeitschrift für Vergleichende Politikwissenschaft
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 hierarchical decision-making by managers and capital owners. Capitalism is not democratic, democracy not capitalist.During the first postwar decades, tensions… 
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