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Is capitalism a threat to democracy?

newyorker.com

1–10 of 230 posts

Re: Is capitalism a threat to democracy?

#4
Simple answer: No.

More nuanced answer: not exactly. Not Capitalism per-se anyway. But clearly you can see an unhealthy degree of commingling of big government and big business, in a way that is damaging to society at large. But to my mind:

a. that's corruption, not capitalism

b. that's an argument against big government, not an argument against capitalism

Re: Is capitalism a threat to democracy?

#5
post #2

Well, I will not subscribe to the new yourkers for just an article, but my anwser wold be hell no. Intervencion of govern in the free market.... maybe.

You can open it in archive.is, in an incognito tab, or from a Google search and see the whole article.

Re: Is capitalism a threat to democracy?

#6
post #2

Well, I will not subscribe to the new yourkers for just an article, but my anwser wold be hell no. Intervencion of govern in the free market.... maybe.

I'd argue that the primary interventions of government in the free market involve the creation and support of currency, and the provision of property rights. It's hard for me to imagine a market of any significant size without those things. The absence of government intervention may not be what capitalism wants.

Re: Is capitalism a threat to democracy?

#8
Capitalism isn't a threat to democracy since the main distribution of power is by capitalist elite rule with democratic institutions constrained by capitalist economic power structure, and has been for the whole history of modern democratic political institutions.

The article might more properly ask the question “is capitalism with fig-leaf democracy inherently unstable”?

Re: Is capitalism a threat to democracy?

#10

Simple answer: No. More nuanced answer: not exactly. Not Capitalism per-se anyway. But clearly you can see an unhealthy degree of commingling of big government and big business, in a way that is damaging to society at large. But to my mind: a. that's corruption, not capitalism b. that's an argument against big government, not an argument against capitalism

https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headline...
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