Capitalism And Capitalism Research Paper

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Capitalism and democracy are the aim of almost the whole world with only several exceptions like Cuba, Iraq, North Korea and Myanmar. It is reasonable why states aspire to achieve both capitalism and democracy. Capitalist concepts have resulted in more increase of social welfare than any other economic system. Likewise, democracy has enabled billions of people to enjoy that welfare by giving them more freedom (Audretsch, 2000). For all the times the capitalist notion has influenced the way of trading and getting wealthy. The theory of modern democracy has been developed and exercised just during recent few centuries. The concepts of democracy and capitalism are considered to be interconnected; however, current critics of liberal democracy try to separate them. Democracy and capitalism have always been either in a tense or totally contradicting relationship. Capitalism feels secure when it is governed by someone possessing capital or identifying with its needs. In sharp contrast to this, democracy is ruled by majority which does not own capital or identify with the demands of capitalism (Delanty, 2012). Many authors argue that capitalism and democracy are always complimentary, and go hand in hand, it is impossible to imagine one without other. All these arguments do not match with reality. Capitalism and democracy can clash in different fields (Delanty, 2012). The following research paper aims to observe whether there are clashes between Democracy and Capitalism, if yes, than in what fields and how they are expressed. I have used secondary data which emphases the relations of these two ideologies and try to reveal the core factors for clash and tension of them, find the real image of these issues. The research question of my paper ... ... middle of paper ... ...distribution of power. This tension is the result of two factors. The first factor is the distribution of power attached to citizenship, which is one of the fundaments of democracy, versus to wealth which is a capitalist value. The second source of tension comes from the role of the civil society (the active citizen vs. the homogenous consumer), the third source is the clash between values as capitalist values not always coincide with democratic values. The other source is the tension between public and private interests and the last one is the tension between debt and independent decision making. Having examined the main differences of democracy and capitalism, their approaches to different issues, escalation and their key roles in countries, I came to a conclusion that clashes between the theories not only exist, but they are in the vital spheres of the countries.

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