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Capitalism vs democracy: Europe’s hard problem — Mark Mazower

Summary:
Modern Europe’s political structure is based on the supposition that capitalism and democracy can be compatible – so the most urgent challenge of our times is reconciling the two. In short, economic liberalism and political liberal generate paradoxes that require a comprehensive worldview (systematic set of presumptions) that balances social, economic and political liberalism for Western liberalism to survive. New StatesmanCapitalism vs democracy: Europe’s hard problem Mark Mazower, director of the Columbia Institute for Ideas and Imagination in ParisSee alsoMonthly ReviewThe systemic crisis of world capitalismPrabhat PatnaikOriginally published: Peoples Democracy (August 25, 2019)

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Modern Europe’s political structure is based on the supposition that capitalism and democracy can be compatible – so the most urgent challenge of our times is reconciling the two.
In short, economic liberalism and political liberal generate paradoxes that require a comprehensive worldview (systematic set of presumptions) that balances social, economic and political liberalism for Western liberalism to survive.

New Statesman
Capitalism vs democracy: Europe’s hard problem
Mark Mazower, director of the Columbia Institute for Ideas and Imagination in Paris

See also

Monthly Review
The systemic crisis of world capitalism
Prabhat Patnaik
Originally published: Peoples Democracy (August 25, 2019)

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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