Conference paper

Democracy and Capitalism

Erich Weede ; University of Cologne, Cologne, Germany

Abstract

The author maintains that self-determination has a normative advantage
over participation in decision-making, capitalism over democracy. Not only normative,
but also descriptive theory offers arguments showing that capitalism is
more significant than democracy. The correctness of his thesis that capitalism
is a necessary precondition for the existence and functioning of democracy is
underpinned by the author's account of three mechanisms. The relationship
between democracy and capitalism is also marked by the fact that democracy
first threatens capitalism and the itself as well.

Keywords

Hrčak ID:

112236

URI

https://hrcak.srce.hr/112236

Publication date:

1.12.1992.

Article data in other languages: croatian

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