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Free Markets and the Decline of Democracy

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  • John Weeks

Abstract

Well into the twenty-first century, it is difficult to find a major country in which democratic institutions are not under stress, in many cases under aggressive attack. In the United States, the government has fallen under the control of a profoundly antidemocratic regime. In Europe, long-standing authoritarian tendencies have enjoyed a quantum leap under the neoliberal austerity regime fostered by the German government with the cover of the European Commission. This paper discusses the source of this near universal twenty-first-century tendency to authoritarianism. JEL Classification: A13, B52

Suggested Citation

  • John Weeks, 2018. "Free Markets and the Decline of Democracy," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(4), pages 637-648, December.
    • Handle: RePEc:sae:reorpe:v:50:y:2018:i:4:p:637-648
    DOI: 10.1177/0486613418772167
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    References listed on IDEAS

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    1. Anthony B. Atkinson & Thomas Piketty & Emmanuel Saez, 2011. "Top Incomes in the Long Run of History," Journal of Economic Literature, American Economic Association, vol. 49(1), pages 3-71, March.
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    More about this item

    Keywords

    political economics; neoliberalism; democracy;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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