Appeared in ROAR Magazine, December 23, 2015
Professor Streeck, to begin with, could you briefly explain why you believe that capitalism and democracy are in conflict with one another? Is this tension an inherent one, or do you consider it to be a more recent phenomenon?
Democracy: one person, one vote; capitalism: one dollar, one vote. The order of equality vs. the order of egoism (John Dunn). Capitalists as a permanent minority in a majoritarian democratic polity — and democracy ending “at the factory gates”. Social justice vs. the justice of markets. It’s an old story with unending permutations, discussed again and again since the nineteenth century, by legions of scholars and political leaders. Weiterlesen
