Capitalism in Crisis

Ever since the emergence of mass democracy after World War II, an inherent tension has existed between capitalism and democratic politics; capitalism allocates resources through markets, whereas democracy allocates power through votes. Economists, in particular, have been slow to accept that this tension exists. Instead, they have tended to view markets as a realm beyond the political sphere and to see politics as something that gets in the way of an otherwise self-adjusting system. Yet how democratic politics and capitalism fit together determines today’s world. Politics is not a mistake that gets in the way of markets.

"Capitalism in Crisis" is from the July/August 2016 issue of Foreign Affairs.

©2016 Foreign Affairs (P)2016 Audible, Inc.

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This turd can't be removed from your audible library because it's free. An Awful rambling tail full of logical fallacies.