Economic liberalism (capitalism) as an economic system is antithetical to political liberalism (democracy) and leads to corporate statism (fascism). The economic system that is compatible with democracy is socialism.
Robert Urie makes a case.
CounterpunchFascism is Capitalism That Really Means It
Rob Urie
Mixed economies are compatible with democracy or fascism.
ReplyDeleteMixed economies exist in the real world; capitalist and socialist utopias exist in academia.