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no, democracy would be more inclusive and representative under a socialist
system
More to the point, democracy is a political theory/system, while capitalism is an economic system/theory. They are not directly connected in any way to each other.
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∙ 12y ago
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Is Democracy and capitalism are mutually reinforcing or exclusive?
They are independent of each other. A democracy votes on what laws and rules regulate the populations behavior. Capitalism allows people to do as they wish and reap the rewards of their risk and labor. You can have a Democracy that dies not allow freedom to generate wealth if that is voted in. China has a very Socialist system that has more Capitalism in it then the United States does today.
What is another name for capitalism?
democracy, competition, commercialism, free market, industrialism
Three main economic systems of the world today?
Just different versions of capitalism, with varying degrees of state interference.
What is the name for an economy in which private enterprise and government regulation coexist?
market economy
What is the characteristic of both democracy and capitalism?
That is a good question. Considerable individual choice is one characteristic that both share. In a democratic society the citizen is encouraged to participate (or at least he should be encouraged) and Capitalism is free-ranging and multi-optional with opportunities you can create for yourself.Democracy and Capitalism are not either/or. But they are not the same thing either. Opportunities in democracy and opportunities in Capitalism should be encouraged in both if both are to succeed.
What were the Ideals of Democracity?
To connect democracy with capitalism.
What has the author Masanobu Ido written?
Masanobu Ido has written: 'Varieties of capitalism, types of democracy and globalization' -- subject(s): Globalization, Democracy, Capitalism
How is capitalism seen in a democracy?
There are a multiplicity of views in a democracy as concerns capitalism that range from the laissez-faire extremists and libertarians on the positive side to the communists and pietists on the negative side. Being in a democracy does not limit or direct a person to have one view of capitalism as opposed to another.
How is democracy capitalism different from communist capitalism?
There is no such thing as "communist capitalism" but if you mean the state capitalism of say China today and if by "democracy capitalism" you mean liberal democratic countries, the economic systems are essentially the same. China simply has a much more oppressive political system, from the point of view of the workers and peasants in China anyway.
What economy is more successful?
capitalism
Why is democracy important to buying product in the US?
Democracy has nothing to do with capitalism, which is the economic system in the US. It would be capitalism that would be important to buying products. While democracy does not hinder economic growth, it does not help it either.
How do capitalism and democracy go hand in hand?
They dont or have not at this time as there is stil no such thing as Capitalism. In a capitalistic society there is no need for represetative democracy as this only interferes with market forces.
What are the major rules of American politics?
Democracy, constitutionalism and capitalism.
What has the author Ellen Meiksins Wood written?
Ellen Meiksins Wood has written: 'Democracy against capitalism' -- subject(s): Marxian economics, Democracy, Historical materialism, Capitalism 'Empire of Capital'
What type of economy did russia try to adopt after the fall of soviet union?
When the Soviet Union fell in 1991 and communism was defeated, Boris Yeltsin attempted to adopt capitalism and westernization (democracy) but the transition has not been successful because communism is still threaded throughout the country.
Is Democracy and capitalism are mutually reinforcing or exclusive?
They are independent of each other. A democracy votes on what laws and rules regulate the populations behavior. Capitalism allows people to do as they wish and reap the rewards of their risk and labor. You can have a Democracy that dies not allow freedom to generate wealth if that is voted in. China has a very Socialist system that has more Capitalism in it then the United States does today.
What is successful democracy?
Americuh!
