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Italian Critics of Capitalism (Paperback)
Loot Price: R1,237
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Italian Critics of Capitalism (Paperback)
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Over the last hundred years the history of capitalism hardly
supports the idea of a dynamic equilibrium between democracy and
capitalism. The unprecedented triumph of global capitalism and its
stronger power of transformation are changing the nature of
political community and its institutions, transforming the
conditions of democratic politics and governance. The writings
collected in this volume present leading statements of theories of
democracy and capitalism in Italy starting from Vilfredo Pareto who
firstly focused on the transformation of democracy into a
plutocracy in which vested interests use the government as a tool
for their own profit, until Norberto Bobbio who expressed a strong
defence of democracy and a deep critique of capitalism. As Marx,
Weber, and Schumpeter-from different perspectives-have pointed out
capitalism rather then just an economic mode of organization, is a
'mentality', a 'social logic', a 'form of living', that influences
and reshapes political structures, and culture. The globalized
economic order is challenging the foundations and political
principles upon which liberal democracy is based. Global markets
have unleashed economic forces that are becoming too powerful for
democratic institutions to control. Even if the formal elements of
democracy still survive, the 'government by the people, for the
people' is declining; elections, debates, parties, are evacuated,
and bypassed by new, less accountable processes.
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