America revisits capitalism's threat to democracy

An old but still potent critique has re-emerged in American politics, one that holds concentrated wealth, and perhaps American capitalism itself, as inimical to democratic society.

The basic idea holds capitalism as at best an uneasy partner with democratic values. At worst, it erodes them completely, undermining the social and material basis of republican citizenship as envisioned by the American revolutionaries.

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A version of this article appeared in the print edition of The Straits Times on January 30, 2019, with the headline 'America revisits capitalism's threat to democracy'. Subscribe