John Keane — Capitalism and Democracy [part 2]

Part one of this series on capitalism and democracy probed the famous remark of the American economist and sociologist Thorstein Veblen that there are historical moments when ‘democratic sovereignty’ is converted into ‘a cloak to cover the nakedness of a government that does business for the kept classes’. Part 2 extends this formulation, to ask what happens when democracy is overpowered by capitalist markets.

The Conversation

Capitalism and Democracy [part 2]
John Keane, Professor of Politics, University of Sydney