How Capitalism Undermines Democracy
Why does the capitalist class oppose the expansion of democratic rights?
Libertarian thinkers like Milton Friedman like to say that capitalism not only gave birth to democracy but also is the ideal economic system to complement democracy. But while capitalism may have created the conditions for democracy, it’s actually the main obstacle to securing full democratic rights.
On this latest episode of Confronting Capitalism, Vivek Chibber and Melissa Naschek examine the worker struggles central to the rise of democracy, and why, in a system built around profit, the ruling class opposes it.
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