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Social Democratic Reform Proposals and the Future of Capitalism

Author

Listed:
  • Javed A. Ansari

    (College of Business Management, Karachi.)

  • Rafique A. Khan

    (Institute of Health Management, Baqai Medical University, Karachi.)

Abstract

This paper seeks to present an analysis of some issues raised in the debate on the future of capitalism by influential social democrats in recent years [Agleitta (1999); Habermas (1999); Rorty (1998)]. We begin with a brief description of capitalism's genesis, its characteristics and its need for moral legitimising and proceed to a slightly more extended discussion of capitalist processes at the beginning of the twenty-first century. The paper concludes with an assessment of initiatives proposed by social democratic thinkers such as Agleitta, Habermas and Rorty to strengthen capitalism and realise social democratic objectives—the universalisation of freedom and the promotion of liberal justices in rights centric societies.

Suggested Citation

  • Javed A. Ansari & Rafique A. Khan, 1999. "Social Democratic Reform Proposals and the Future of Capitalism," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 38(4), pages 1211-1232.
    • Handle: RePEc:pid:journl:v:38:y:1999:i:4:p:1211-1232
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    References listed on IDEAS

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    1. Makoto Itoh & Costas Lapavitsas, 1999. "Political Economy of Money and Finance," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37578-9, May.
    2. Vernon Ruttan, 1998. "The new growth theory and development economics: A survey," Journal of Development Studies, Taylor & Francis Journals, vol. 35(2), pages 1-26.
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