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Can democracy survive capitalism?

19 May 2016
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Democracy has always had a rather fraught relationship with the market. As Aristotle first recognised, some wealth sharing can help rectify inherited inequality and so enhance political life; but it also has the potential to promote greed, doing great violence to the civic fabric.

From Aristotle to John Maynard Keynes, it has been acknowledged that economics cannot be autonomous. A free economy must be embedded within and constrained by social obligations and forms of mutual solidarity.

Is it still possible for economics to serve the interests of the people? Or have decades of unrestrained capitalist logic eroded the very democratic virtues we need to live peaceably and well?

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Published year only: 
2016
17
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