The Two Forms of Modern Capitalism: Liberal and Illiberal States
Dados Bibliográficos
| AUTOR(ES) | |
|---|---|
| AFILIAÇÃO(ÕES) | Department of Chronic Disease Epidemiology Yale University School of Public Health New Haven Connecticut USA, Professor of Macroeconomics, Central European University Budapest Hungary Corvinus University of Budapest Budapest Hungary |
| ANO | 2020 |
| TIPO | Artigo |
| PERIÓDICO | Comparative Sociology |
| ISSN | 1569-1322 |
| E-ISSN | 1569-1330 |
| EDITORA | Brill Academic Publishers |
| DOI | 10.1163/15691330-bja10006 |
| ADICIONADO EM | 2025-08-18 |
Resumo
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.