Tag Archive: Capitalism and Democracy – Newsom Defies Voters


on March 25, 2019 in Right Edition Videos

Capitalism and Democracy – Newsom Defies Voters

Capitalism and Democracy One immediate problem we face discussing democracy and capitalism is that both terms have different meanings for different people. For some people “capitalism” is synonymous with “corporatism” or “crony capitalism,” which combines nominally private enterprises with a highly interventionist political system—indeed, something like the U.S. system today. Likewise, “democracy” for some is synonymous with social and economic equality. For them, no democracy can exist when some people live in poverty, some cannot read, and others live in mansions or attend Ivy League schools. For my purposes, however, democracy will be defined simply as “the people rule,”...

Capitalism and Democracy One immediate problem we face discussing democracy and capitalism is that both terms have different meanings for different people. For some people “capitalism” is synonymous with “corporatism” or “crony capitalism,” which combines nominally private enterprises with...

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