We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Democracy and capitalism - Research Paper Example

Comments (0)
Summary
Capitalism and Democracy  There is very little doubt that capitalism is a highly potent economic system for generating wealth and prosperity. In the last four decades of its implementation globally, there are numerous examples that support this claim. As Peter Berger writes, capitalism is a “horn of plenty that heaped…
Download full paper
GRAB THE BEST PAPER
Democracy and capitalism
Read TextPreview

Extract of sample
Democracy and capitalism

Download file to see previous pages... More importantly, it was argued, this entrepreneurial class would enforce democratic structures in the localities in which they operated. In other words, “by producing economic wealth and an entrepreneurial class, capitalism inevitably produces democracy. And since democracies don't start wars or have expansionist proclivities--forget, for the moment, Theodore Roosevelt and imperialist Britain--capitalist-democratic development contributes to security and to world peace.” (Foulkes, 2006, p.22) There is evidence from recent political history to support this benign linkage of capitalism and democracy. For example, “Entrepreneurial capitalism became more dominant in the America of Ronald Reagan than it had been before, and job growth and record-breaking prosperity followed. In Britain, Margaret Thatcher reversed almost four decades of socialism and changed her country from the sick man of Europe into one positioned for long-term, non-inflationary growth. Meanwhile, the Soviet economy was shown to be like the Wizard of Oz--an imposing facade, but impotent and powerless at its core. Put these events together and you have an unassailable proof that capitalism produces a level of economic welfare that a planned economy simply cannot emulate.” (Stelzer, 1994, p.32) And, when we scan the performance of capitalist regimes in other parts of the world, the links between capitalism, prosperity and democracy becomes incontestable. After all, in recent times, capitalism in countries such as Chile, Taiwan and South Korea have resulted in both economic progress as well as democracy establishment. In the newly remodeled Russian political system too, we see the formation of glasnost (democratization) and perestroika (economic restructuring) marching hand in hand. (Friedman, 2007, p.46) Nothing exemplifies the successes of capitalism than the recent developments in India and China. By participating in financial globalization, countries with abundance of cheap labour such as India and China are primed to assume leadership position in another 10-15 years. While Mao Zedong was the father of the Communist China, his successor Deng Xiaoping must be credited for the nation’s progress toward prosperity. It was under his leadership that the party ratified and implemented the ‘Four Modernizations’ program that would propel China onto the global stage, where it is fast approaching leadership position. This ambitious program of sweeping economic reforms opened China to the outside world in more than strictly economic sense. In the case of India, it’s huge pool of skilled workers, who have the added advantage of proficiency in English language, have been the engine of economic growth. The re-election of Manmohan Singh as the Prime Minister is also a positive development from an economic perspective, for it was he who initiated India as a participant in globalization in 1991. China, on the other hand, started participating in the process of globalization much before India did. As a result, its economy is more than twice that of India and is catching up fast with that of the United States and Japan. Some of the South American countries such as Venezuela and Russia (rich in oil resources) and Brazil (rich in natural resources) also pose a threat to American domination of global economy. In fact, American media believes that the threat ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The growth of anti-capitalism in the world
The author highlighted the need for differentiation of anti-capitalism practices for best serving the needs of populations internationally. It is proved that anti-capitalism, in its current form, has many prospects to lead to a radical transformation of laborers’ position, supporting equality in the distribution of wealth.
18 Pages(4500 words)Research Paper
Green Capitalism and Leadership
The world is confronted with rapid ecological decline. Mountains are deforested, water and rivers are silted, minerals/ores are extracted at thr disastrous open-pit mining operations, pollution has reached an intolerable level, the mixture of consumerism and confusion engulfed human beings, climate has become devastatingly unpredictable and our values are eroded that we lose sense of environmental stewardship.
13 Pages(3250 words)Research Paper
Alternatives to Globalization
Often the term globalization is associated with the economic globalization where the interaction and integration between the societies is seen in terms of economy such as through trade, foreign direct investment, migration, capital flows etc. However, globalization is a combination of all, economical, technological, social, cultural and political factors.
2 Pages(500 words)Research Paper
Does Freedom Have a Price Chinese versus U.S.A
Capitalism is a spectacular form in which societies are created. Capitalism is based on market democracy in which consumer spending is a vital components towards driving the economy of supply and demand. One of the reasons why the American economy thrives is due to the spending ability of the middle class in this country.
3 Pages(750 words)Research Paper
Capitalism: A Love Story (movie)
Throughout history, the United States (U.S.) has been known for its wealth and high standard of living for its citizens. While these luxuries are often attributed to the economic system of the U.S., capitalism, there is a darker side to capitalism that is often forgotten.
5 Pages(1250 words)Research Paper
What is Liberal Democracy Historical view of the Liberal Democracy Theory
What is Liberal Democracy? Liberal democracy is a form of representative democracy whereby the elected representatives hold power, but they are limited by a constitution, which emphasizes on equality, rights of minorities and protection of individual liberty in a democratic state.
7 Pages(1750 words)Research Paper
Capitalism and Democracy
Capitalism has dictated the rules of the game and all areas of life, economic, social or political. The talons of capitalism have captured everything in its wake. Even citizens, attempting to exercise democratic powers by joining forces together, are undermined in its efforts to establish policies that would ultimately affect their lives and bring them common good.
3 Pages(750 words)Book Report/Review
Democracy and Capitalism
capitalism and liberal democracy, which examines how liberal economic, philosophical, and political thought changed from the Eighteenth century onwards. Capitalism started to develop and emerge in the Europe of the late Middle Ages. To a large extent both capitalism and
9 Pages(2250 words)Essay
The DENMARK LEADERSHIP
Even then, their responsibilities have been further constrained by the regulatory and financial controls imposed upon them by the central government. The
4 Pages(1000 words)Research Paper
Canadas economic and political system in context
An established democracy and at the helm of one of the world’s strongest economies, Canada neighbors the United States to the North and remains one of the most important countries in the Western Hemisphere.
7 Pages(1750 words)Research Paper
Let us find you another Research Paper on topic Democracy and capitalism for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us