JOURNAL ARTICLE

The threat of democracy to capitalism.

  • Published In: Journal of Applied Corporate Finance, 2024, v. 36, n. 2. P. 60 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Muller, Jerry Z. 3 of 3

Abstract

The article explores the relationship between democracy and capitalism, focusing on the tensions and compatibility between the two systems. It discusses how capitalism can undermine democracy through wealth inequality and political influence, while democracy can soften the harsh effects of capitalism through welfare policies. The text also delves into how democratic politics can distort the market, the impact of rational ignorance on voters, and the hazards of inflation in democratic societies. The author highlights the challenges posed by democracy to capitalism without delegitimizing democracy, emphasizing the need to be aware of these hazards to minimize their effects. [Extracted from the article]

Additional Information

  • Source:Journal of Applied Corporate Finance. 2024/04, Vol. 36, Issue 2, p60
  • Document Type:Article
  • Subject Area:Political Science
  • Publication Date:2024
  • ISSN:1936-8216
  • DOI:10.1111/jacf.12599
  • Accession Number:180521563
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