Is capitalism compatible with democracy?
@article{Merkel2014IsCC, title={Is capitalism compatible with democracy?}, author={Wolfgang Merkel}, journal={Zeitschrift f{\"u}r Vergleichende Politikwissenschaft}, year={2014}, volume={8}, pages={109-128} }
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…
71 Citations
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