Abstract
Capitalism and democracy co-exist as the prevailing systems of governance the world over and they inevitably interact with each other and transform each other.
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Notes
- 1.
Gabriel Almond, “Capitalism and Democracy,” PS: Political Science and Politics 24, no. 3 (September 1991): 467–474.
- 2.
Modern democracy is based upon the elections of representatives. Direct democracy, as practiced in Greek city-states is of course much older, but it did not survive in any direct chain of events, a matter that I discuss in Chap. 3.
- 3.
See Douglass C. North, Institutions, Institutional Change, and Economic Performance, Cambridge Series in the Political Economy of Institutions and Decisions (Cambridge: Cambridge University Press, 1990).
- 4.
Almond, “Capitalism and Democracy,” 467.
- 5.
Robert Dahl, On Democracy (New Haven: Yale University Press, 1998), 166. Copyright © 1998. Reprinted by permission of Yale University Press.
- 6.
Canada is an interesting exception, where it has a number of chartering authorities by province, but apparently little or no competition among them.
- 7.
Here I specifically refer to Peter Hall and David Soskice, whose work, particularly their Varieties of Capitalism (Oxford: Oxford University Press, 2000), I will discuss in more depth in Chap. 4.
- 8.
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© 2012 Bruce R. Scott
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Scott, B.R. (2012). Introduction. In: Capitalism. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-1879-5_1
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DOI: https://doi.org/10.1007/978-1-4614-1879-5_1
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