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Tag Archives: democracy

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

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...

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On Demagogues and Democracy — Eric Schliesser

Some social & political theory. Focuses on Walter Lippmann, The Good Society. Although Eric Schliesser doesn't mention it in this post, Aristotle discussed these issues in detail in his Politics.Digressions&ImpressionsOn Demagogues and DemocracyEric Schliesser | Professor of Political Science, University of Amsterdam’s (UvA) Faculty of Social and Behavioural Sciences

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The road to serfdom before Hayek (Knight, Lippmann, and a note on Weber today) — Eric Schliesser

So, here's my hypothesis. The road to serfdom thesis was if not inspired by Lippmann, at least prompted, in part, by him. But Lippmann did not hold the thesis; it is articulated by Knight in his review of Lippmann and (mistakenly) ascribed to Lippmann. Knight, however, thinks there is nothing inevitable about the thesis because he thinks the future is still very much open. I cannot prove that Hayek read Knight's review of Lippmann. (Knight was later a somewhat ambivalent referee for The...

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My review of Eric Weissman’s book on intentional homeless communities

I’ve just reviewed Eric Weissman’s book on intentional homeless communities. Points made in the review include the following: -Intentional communities in general are communities built around specific goals. But in the case of this book, I mean small communities of housing sometimes made from discarded, donated and recycled material, and sometimes purpose-built, to address homelessness. -Intentional communities are not the same thing as tent cities or tiny home communities. The former...

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Nobel Economist Says Inequality is Destroying Democratic Capitalism — Angus Deaton

Should be neoliberalism is destroying the illusion of liberal democracy.EvonomicsNobel Economist Says Inequality is Destroying Democratic Capitalism Angus Deaton | Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University

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Trump Is Back Under Bolton’s Thumb — Paul Craig Roberts

I don't think that this quite correct. John Bolton is the frontman in the administration for casino billionaire Sheldon Adelson, a rabid supporter of Zionism and a major contributor to Trump's political campaign. It is not an exaggeration to say that Trump owes his 2016 victory in large part to Adelson's legal bribery.OK, course, Trump gave no quid pro quo for the funding, so it is not bribery in the legal sense. However, anyone who thinks that political contributions, especially large ones,...

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Is Democracy Doomed? — Alex Tabarrok

The title might be a bit too strong. A better title might be, Is democracy all it's cracked up to be? The upshot is that the marriage of economic liberalism ("free market" capitalism) and political liberalism (democracy) may not be as efficient and effective as assumed. If much of the allure of democracy has been higher GDP per capita then the allure has been a mistake of confusing correlation for causation. A fortunate mistake but a mistake. The literature on democracy and growth implies...

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Bill Mitchell — The Greek colony remains in depression

On June 13, 2019, the European Stability Mechanism (ESM) released its – Terms of Reference for the Evaluation of the Greek Programmes. At the same time, the head of the ESM (Klaus Regling) was lecturing Greece, which is approaching a national election next month, that it “risks missing its budget target” (Source). Apparently, as the failed Syriza government tries to gain electoral support after years of abusing the Greek people who put their faith in them, the bean counters are worried that...

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Joseph Stiglitz — The Economy We Need

After 40 years of market fundamentalism, America and like-minded European countries are failing the vast majority of their citizens. At this point, only a new social contract – guaranteeing citizens health care, education, retirement security, affordable housing, and decent work for decent pay – can save capitalism and liberal democracy. Three years ago, US President Donald Trump’s election and the United Kingdom’s Brexit referendum confirmed what those of us who have long studied income...

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James K. Galbraith — Capitalism’s Great Reckoning

As the maladies of modern capitalism have multiplied, fundamental questions about the future of the world’s dominant economic model have become impossible to ignore. But in the absence of viable alternatives, the question is how to reform a system that is increasingly at odds with democracy. James K. Galbraith looks at three recent books on the crisis in capitalism:Joseph E. Stiglitz, People, Power, and Profits: Progressive Capitalism for an Age of Discontent, W.W. Norton, New York; Allen...

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