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- W2462024105 abstract "This chapter will examine the compatibility of democracy with the capitalist economic system under which we live. After examining what we mean by democracy and capitalism we will conclude that there are fundamental incompatibilities. We will proceed to consider how democracy is on the retreat as the concentration of economic power tends to grow. Our focus will be on the growth of giant firms, the increase in trans-nationalism in the control of production and markets and the accompanying centripetal tendencies in the control of economic power. Whilst these are general issues, they impinge most immediately on our democracy via the communications sector and therefore some specific developments in this sector will be subjected to particular scrutiny. The question will then be posed as to whether the diminution of democracy is required for economic efficiency. It will be argued that rather than there being a trade-off between these two desirable ends, greater real democracy will contribute to the attainment of superior economic performance, and this could be particularly true in the case of our own country. Institutional changes to secure an extension of democracy within our society will be identified. These will include measures to limit and control existing centres of economic power and initiatives to democratise work and the investment process." @default.
- W2462024105 created "2016-07-22" @default.
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- W2462024105 date "1985-01-01" @default.
- W2462024105 modified "2023-09-27" @default.
- W2462024105 title "Economic Obstacles to Democracy" @default.
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- W2462024105 doi "https://doi.org/10.1007/978-1-349-17970-1_10" @default.
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