Is the Marriage Between Democracy and Capitalism on the Rocks?
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Leading Reading
Leading Reading
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Is the Marriage Between Democracy and Capitalism on the Rocks?
Is the Marriage Between Democracy and Capitalism on the Rocks? Never easy, the relationship between the vaunted political system and economic order appears to be in crisis. New books by historians and economists sound the alarm. The documentary series "Free to Choose," which aired on public television in 1980 and was hosted by the libertarian economist Milton Friedman, makes for surreal watching nowadays. Even if Ronald Reagan would go on to win the presidential election later that year, it was still a time when capitalism's most enthusiastic supporters evidently felt the need to win the public over to a vision of free markets and minimal government. Today's billionaire donors may be able to funnel money to their favored candidates without even bothering to pay lip service to American democracy, but the corporate funders of "Free to Choose" set out to make their case.
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