Capitalism and Democracy
How do markets interact with Democracy? It has long been a pillar of modern political thought that there is a deep mutuality between capitalism and liberal democracy. Equally, critics have pointed to myriad ways in which market institutions and their effects are corrosive to both the culture and the practice of democratic politics. We will assess the arguments for and against the positive view. We will also examine the historical record of the capitalism-democracy relationship, as well as its current dynamics, with a special focus on the United States.