or, to put it another way... is there an inherent conflict between productive property rights (ownership of natural resources, farmland, industry) and democracy? After capitalism became the main form of production and business in parts of Europe there were eventually revolts and other conflicts that led to doing away with aristocratic privilages in favor of republics. This is a big step forward from the old hierarchy and absolute monarchies, but once a certain basic set of rights were attained and suffereage for landowners achieved, the expansion of democratic participation was haulted: US slaves, european workers, the propertyless and women all had to fight for reforms in order gain access to electoral democracy and certain basic rights in republics. Between the victorian era and the end of WWII most of those rights were more broadly granted. But now we seem to live at a time where Russia, the US, Brazil and many other countries restrict formal democracy or short circit it through courts, corporate-backed parties, lobbyists, misinformation etc. Is more democratic power in society a threat to business and is business bad for democracy?
Didn’t you post this boring poll last week?
They are the two balances between capital and labor that create enormous wealth. One without the other doesn’t prosper based on all evidence to date.
Yeah they are opposed. In crisis societies have to choose. They are always in conflict.
There really shouldn’t be any inherent conflict between the economic theory of capitalism and democracies. But republics seem to fundamentally distrust pure democracies out of fear that the masses could possibly vote to strip the wealth away from the rich. But as we’ve seen with unfettered capitalism and the concentration of power coalesce in the hands of a few, we have the slow erosion of rights being stripped from people in broad daylight like with forced arbitration and tort reform. People are easier screw over when you can control the narrative and information they broadly see. So a better statement is unfettered capitalism will eventually be opposed to democracies. Because without hash lines, rules, and refs on the field, the marketplace will eventually run amok and consume itself.
The better libertarians are clear about the opposition ie peter Thiel et al
Pure democracy is just mob rule and is incompatible with capitalism once inequality increases and the the mob votes to redistribute the wealth. This is what’s happening today even when we’re not living in a democracy. The lazy liberal youth who took on huge college loans to study things like social construction theories and the Vаgina Monologues want a communist like Bernie Sanders to erase the consequences of their poor choices at the cost of everyone else.
Is this a joke?
The little secret is that the Boomers are getting the largest wealth transfer in history from the young via the runup in debt during their lifetime + SS + Medicare.
LMAO is this a joke? Capitalist economies can be democratic or not but non-capitalist ones are uniformly autocratic. The two are orthogonal at worst and weakly correlated at best. This is why we're in dire need of more evidence based politics and less dogma 🤦♂️
Yes, we need a new frontier
Lol, says we need less dogma, posts heritage foundation graphic.
Capitalism makes the pizza, Democracy is about sharing the rest after someone took the biggest piece first. If there’s nothing left to share, there’s no democracy..
What you’re describing is communism. To each according to his needs; from each according to his abilities.
democracy is about the least resource to distribute fairly among people, not necessarily satisfy all their needs. And democracy gives you an illusion that you have the rights to impact capitalism but you don’t, you get what capitalists hand out to you and you can never get more than that..
Every company has a CEO. Everyone works for the CEO at the CEO’s pleasure. That is capitalism. Sounds closer to a dictatorship than a democracy
Yeah, companies are like little Princedoms. Hell, they even make some people wear uniforms like a feudal fifdom or military dictatorship. And in many companies, people fear punishment if they dare say that a new business initiative that the exec are excited about has no clothes. We have to be positive all the time and sign clauses not to badmouth the company publicly like we’re in North Korea.
Companies are like dictatorships, but you’re always free to leave and find employment elsewhere. It comes down to how much abuse you’re willing to take in return for your TC.