Subject: Capitalism

Subjects: Capitalism

January 2023, Volume 34, Issue 1

Shell Game

Trillions of dollars are stashed in the world’s secret financial system, where they are keeping autocratic regimes afloat and fueling democracy’s decline.

January 2023, Volume 34, Issue 1

Friend of the Devil

McKinsey’s work is bankrolled by major corporations and governments around the world. How should the famous consulting firm choose the clients it represents and the projects it takes on?

April 2019, Volume 30, Issue 2

Confronting Authoritarianism

In May 2018, the people of Malaysia transcended distinctions of class, religion, and ethnicity in order to vote for democracy and reform against a long-ruling party riddled with corruption.

July 2018, Volume 29, Issue 3

Modernization and Authoritarianism

Embracing a new model of capitalist authoritarianism, a number of nondemocratic regimes have made startling gains in state capacity, posing a new challenge to the appeal and advance of liberal democracy.

April 2017, Volume 28, Issue 2

The Modernization Trap

Populist nationalism is emerging as the main competitor to liberal democracy. But despite its current resurgence, in the long run, like other illiberal paths to modernity, it is likely to prove a dead end.

January 2010, Volume 21, Issue 1

The Crash of ’08

The short-term political impact of the economic crisis has been less dramatic than initially expected, but it may have lasting effects on the “quality” of democracy, including the legitimacy of prevailing financial institutions.

Free

January 2010, Volume 21, Issue 1

Populism, Pluralism, and Liberal Democracy

In recent years, scholars have begun to focus on the sources of "authoritarian resilience." But democracy has also shown surprising resilience, in part because the disorders to which it is prone tend to counteract each other.

Free

July 2009, Volume 20, Issue 3

China Since Tiananmen: The Massacre’s Long Shadow

In the two decades since the Tiananmen massacre, China has enjoyed rapid economic growth and a measure of political stability. Recently, however, various forms of popular protest have been increasing. Do they represent a potentially serious threat to CCP rule?

July 2009, Volume 20, Issue 3

China Since Tiananmen: The Labor Movement

The twenty years since 1989 have brought two major developments in worker activism. First, whereas workers were part of the mass uprising in the Tiananmen Movement, there is today hardly any sign of mobilization that transcends class or regional lines. Second, a long-term decline in worker power at the point of production is going on…

April 2009, Volume 20, Issue 2

Reading Russia: The Dying Mutant

The corporatist kleptocracy being erected by Russian President Vladimir Putin is profoundly misunderstood in the West. This model dooms Russia to economic degradation and margin-alization. The current global crisis has made this truth painfully clear. The artificially created image of a threatening West (and U.S. in particular) is now becoming the sole ideological justification for…

April 2009, Volume 20, Issue 2

Reading Russia: The Merger of Power and Property

The regime in Moscow mixes key features of a capitalist economy with a political system wherein power is monopolized by a close-knit professional and age cohort whose members often have a background in the secret police. Instead of seeking to base its legitimacy on broad-based, transpersonal institutions with character and integrity of their own, the…

July 2000, Volume 11, Issue 3

Markets, Law, and Democracy

The experience of “bandit capitalism” or “tyrant capitalism” in postcommunist societies shows that markets cannot work properly without a community of trust and mutual respect. Such a community can be achieved only where there is a rule of law, applied by able and independent judges.

April 1994, Volume 5, Issue 2

The Key Role of the Working Class

A review of Capitalist Development and Democracy, by Dietrich Rueschemeyer, Evelyne Huber Stephens, and John D. Stephens.

July 1992, Volume 3, Issue 3

Capitalism, Socialism, and Democracy

The Editors’ introduction to the Journal of Democracy‘s special issue marking the fiftieth anniversary of Capitalism, Socialism and Democracy by Joseph Schumpeter.