How Late-Stage Neoliberal Capitalism is Breaking Democracy

New Books in Politics and Polemics · Jul 31, 2025 · 31m

For a long time many (although by no means all) scholars saw the relationship between capitalism and democracy as mutually reinforcing: economic competition and growth were expected to sustain democratic competition and improve governance and public good delivery for citizens, in turn creating a better environment for capitalist competition to flourish. But as capitalism has changed and has in many respects freed itself from the constraints of the state and of democratic processes, it has unleashed a new era of extreme wealth accumulation, deregulated markets, weak states, unresponsive…