Peter L. Berger Quotes About Economy
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It has been true in Western societies and it seems to be true elsewhere that you do not find democratic systems apart from capitalism, or apart from a market economy, if you prefer that term
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So I think one can say on empirical grounds - not because of some philosophical principle - that you can't have democracy unless you have a market economy.
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If a socialist economy is opened up to increasing degrees of market forces, a point will be reached at which democratic governance becomes a possibility.
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In a market economy, however, the individual has some possibility of escaping from the power of the state
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When certain branches of the economy become obsolete, as in the case of the steel industry, not only do jobs disappear, which is obviously a terrible social hardship, but certain cultures also disappear.
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Some people think that as the Chinese economy becomes more and more capitalistic it will inevitably become more democratic
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Let me say again that the relationship is asymmetrical: there's no democracy without a market economy, but you can have a market economy without democracy.
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But we don't have an example of a democratic society existing in a socialist economy - which is the only real alternative to capitalism in the modern world.
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An economy oriented toward production for market exchange provides the optimal conditions for long-lasting and ever-expanding productive capacity based on modern technology.
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