The Fading Light of Democratic Capitalism: How Pervasive Cronyism and Restricted Suffrage are Destroying Democratic Capitalism as a National Ideal . And What to do About it

This Element discusses how pervasive cronyism and restricted suffrage are destroying democratic capitalism as a national ideal and offers suggestions on how the promise of US-style democratic capitalism can be restored. To this end, the author draws on the work of political philosopher and democracy advocate Danielle Allen in calling attention to the principle of political equality, as well as the two related sub-principles of reciprocity and power sharing, as essential guides. Based on the...