610 Comments
⭠ Return to thread

If only, if only USians could get it through our collective head that democracy and capitalism are not identical, or even inextricable. In fact, they run in separate lanes. They *can* support and strengthen each other, but they can also be at odds -- and when they're at odds, as in the U.S. since the beginning of the Reagan administration, capitalism tends to hollow out democracy. (Thank you, Citizens United.)

Expand full comment

I and a friend once wrote a letter to the Editor of the Economist who believed that capitalism must inevitably be accompanied by democracy in China, whereas we did not.

He did not publish our letter but did us the honor of answering it.

Within a year, his view switched to ours.

Expand full comment

After watching what happened after the Soviet Union disintegrated and, later, the utter stupidity of promoting "regime change" in Iraq, I'm amazed that anyone continues to *really* believe it. OTOH, it's become clear that a significant chunk of the capitalist crowd isn't all that wild about democracy either.

Expand full comment

No, Susanna, they've opted for H2SO4 Conc. version of capitalism. Organized crime.

Expand full comment