Tag Archives: democracy

Democratizing Finance: Reducing Inequalities of Income, Wealth and Power

Politics & Society has just published a thought-provoking special issue titled “Democratizing Finance”. This interesting collection of papers resulted from a workshop organized in July 2018 by the late Erik Olin Wright as part of his inspiring Real Utopias Project. This … Continue reading

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Central Banks, Technocratic Power, and the Fear of Democracy

Jacqueline Best has an interesting new article that starts with catchy and provocative analogy and then presents thought-provoking discussion and arguments: “What do border guards and central bankers have in common? Both operate, on a day-to-day basis, in political spaces exempt … Continue reading

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Back to the Future: Authoritarian Neoliberal Regime versus Democratic Social State

The destiny of the 20th century, especially after the WWII, has been determined and shaped by the multifaceted confrontation between capitalism and ‘communism’, the ‘West’ vis-a-vis the ‘East’. But history did not end in 1991, as some have tried to convince … Continue reading

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Neoliberalism vs. Democracy

“A vibrant political culture needs community groups, libraries, public schools, neighborhood organizations, cooperatives, public meeting places, voluntary associations, and trade unions to provide ways for citizens to meet, communicate, and interact with their fellow citizens. Neoliberal democracy, with its notion … Continue reading

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Alexis de Tocqueville on democracy, materialism and political economy

Alexis de Tocqueville (1805 – 1859) was a notable French political scientist and historian, best known for Democracy in America — a perceptive and groundbreaking analysis of the social, political and economic system of the United States. This four-volume book is brimming with … Continue reading

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Socrates on Oligarchy and Democracy

The Republic is a monumental work of philosophy and political theory, written by Plato around 380 BC. In this sophisticated and fascinating tractate of ten books, Socrates – the pivotal character of The Republic – conducts his famous dialogues with Athenians, deliberating mainly on essence and aspects … Continue reading

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Thomas Piketty: “Take a serious interest in money… Those who have a lot of it never fail to defend their interests.”

These are Thomas Piketty’s  last words in his ground-shaking Capital in the Twenty-First Century. The Economic Sociology and Political Economy global community proudly realizes their prescriptive meaning: “All social scientists, all journalists and commentators, all activists in the unions and in politics of … Continue reading

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Democracy matters: the extension of the franchise and its impact on financial systems

For centuries, voting rights were limited to wealthy elites, aristocrats, and landlords. For instance,  the electorate in England and Wales in 1780 consisted of less than 3% of the total population. Suffrage reforms, enacted during the late 19th and the 20th … Continue reading

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Rise like Lions after slumber in unvanquishable number, Shake your chains to earth like dew… Ye are many — they are few.

The political poem “Mask of Anarchy” was written by Percy Bysshe Shelley, following the Peterloo Massacre in 1819 when pro-democracy and anti-poverty protesters in Manchester were brutally dispersed by armed cavalry. This is a powerful call for freedom, political representation and … Continue reading

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Herbert Marcuse: Power of Repressive Tolerance

Herbert Marcuse‘s resonant and insightful words: “In the contemporary period, the democratic argument for abstract tolerance tends to be invalidated by the invalidation of the democratic process itself. The liberating force of democracy was the chance it gave to effective dissent, … Continue reading

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The “responsible”, the “irresponsible” and the Political Economy of the Sovereign Debt Crisis

There are “irresponsible” countries (Greece, Ireland, Italy, Portugal and Spain) which caused the current crisis; and there are “responsible” governments (Germany), which for some reason are asked to repay others’ debts and have the right to refuse to bail “irresponsibles” out and to insist the … Continue reading

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From Socialism to Neoliberalism: the case of Central Eastern European countries

The transition from communism or socialism to capitalism has proved to be a rockier road than many in the West (think of Fukuyama as an example) anticipated. The degree and character of challenges that countries faced during the transition depended … Continue reading

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The original email that started Occupy Wall Street

On September 17, 2011 thousands of women and men gathered in Zuccotti Park, located in New York City’s Wall Street financial district.  It was a day when Occupy Wall Street (#OccupyWallStreet) movement was publicly born, gradually receiving global attention and spawning the … Continue reading

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The Value of Nothing and Market Society

In The Value of Nothing: How to Reshape Market Society and Redefine Democracy, an award-winning academic and activist Raj Patel (University of Texas) reveals the hidden ecological and social costs of a hamburger (as much as $200), and asks how we … Continue reading

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Neoliberalism’s War on Higher Education: the modes of material and symbolic violence undermine public pedagogy and democracy

This important and accessible book is about how policies and modes of material and symbolic violence radically reshape the mission and practice of higher education and its institutions, short-changing a young generation suffering from – and coping with – precarity. … Continue reading

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