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The Two Forms of Modern Capitalism: Liberal and Illiberal States
A Criticism of the Varieties of Capitalism Paradigm
In: Comparative SociologyAbstract
What is the relationship between liberalism, illiberalism and despotic forms of dictatorship – this is the central question of this paper. From the 1970’s and especially after 1989-91 it appeared that the rise of global capitalism and liberal democracy was unstoppable. Since 2005 this trend seems to be reversed. The number of countries classified as “non-free,” “undemocratic” or “illiberal” has been increasing. The bottom line of this paper is that illiberal regimes (even if they tend to be dictatorial in some ways) as long as they offer a minimal legal guarantee to capitalist businesses, can accommodate a capitalist system. Under despotic-dictatorial systems this is unimaginable. In the second part of the paper the authors make an attempt to re-conceptualize capitalism with a new theory of rent.
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| All Time | Past Year | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 1668 | 371 | 45 |
| Full Text Views | 100 | 22 | 2 |
| PDF Views & Downloads | 169 | 38 | 3 |
The Two Forms of Modern Capitalism: Liberal and Illiberal States
A Criticism of the Varieties of Capitalism Paradigm
In: Comparative SociologyAbstract
What is the relationship between liberalism, illiberalism and despotic forms of dictatorship – this is the central question of this paper. From the 1970’s and especially after 1989-91 it appeared that the rise of global capitalism and liberal democracy was unstoppable. Since 2005 this trend seems to be reversed. The number of countries classified as “non-free,” “undemocratic” or “illiberal” has been increasing. The bottom line of this paper is that illiberal regimes (even if they tend to be dictatorial in some ways) as long as they offer a minimal legal guarantee to capitalist businesses, can accommodate a capitalist system. Under despotic-dictatorial systems this is unimaginable. In the second part of the paper the authors make an attempt to re-conceptualize capitalism with a new theory of rent.
| All Time | Past Year | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 1668 | 371 | 45 |
| Full Text Views | 100 | 22 | 2 |
| PDF Views & Downloads | 169 | 38 | 3 |