Politics and Economics
Changing boundary between politics and economics (84)
- Unavoidable trade-off because of deterritorialization
- Limiting what States can do
- Monopoly of law making power is increasing eroded by a kind
- Privatization is undermining what the state intends to do
- Corporations = quasi-states, also have to make political
- Democracy and market-capitalism are locked in a persistent
conflict in which each modifies and limits the other.
- Because market capitalism inevitably creates in equalities, it
limits the democratic potential of polyarchal democracy by
generating inequalities in the distribution of political resources.
- Market-capitalism brought gains for some; but it also brought
harm to others.
- Suffrage highly restricted
1 - The political system provided opportunities for the effective
expression of opposition to unregulated market-capitalism.
- In no democratic country does market-capitalist economy exist
without extensive government regulation and intervention to
alter is harmful effects.
- Because of inequalities in political resources, some citizens
gain significantly more influence than others over the
government’s policies, decisions, and actions.
- Consequently, citizens are not political equals – and thus the
moral foundation of democracy, political equality among
citizens is seriously violated.
- Market-capitalism greatly favours the development of democracy
up the level of polyarchal democracy. But because of its adverse
consequences for political equality, it is unfavourable to the
development of democracy beyond the level of polyarchy.
Market-capitalism is a powerful solvent of authoritarian regimes.