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Capitalist Development and Democracy Dietrich Rueschemeyer, Evelyne Huber Stephens, John D. Stephens
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Tradition does the same in the name of old customs and cherished principles. The growing economic power and global presence of China's “rapacious state capitalism” is posing a political and ideological threat to liberal democracy, say two prominent analysts. Among nations with developing and emerging economies, hardly any of them have made substantial progress transitioning to a commercial–industrial order while under a democracy. Clearly some form of capitalism has a grip on The first is to give its people some degree of empowerment with a combination of grass-roots democracy and the decentralization of economic power to regions. In the wake of the global economic crisis, and the dissatisfaction with democracy in many developing nations, leaders in Asia, Africa, and Latin America are studying the Chinese model far more closely. Democracy does the same in the name of freedom and fair representation. Crony capitalism does the same in the name of free enterprise. These empirical observations have led “Bourgeois revolutions” for Moore were the violent social upheavals in England, France, and the United States which abolished the domination of the traditional landed elite and brought capitalist democracy. Joshua Kurlantzick writes of the As Western leaders, policy-makers, and journalists questioned whether their own systems had failed, Chinese leaders began to more explicitly promote their authoritarian capitalist model of development. The title of this book, China's Development: Capitalism and Empire, reveals much about its themes and its position in a now vast literature as scholars try to work out where China is heading as a political-economic system.