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Capitalist Development and Democracy Dietrich Rueschemeyer, Evelyne Huber Stephens, John D. Stephens
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Its leaders will consolidate the one-party model and, in the process, challenge the West's smug certainty about political development and the inevitable march toward electoral democracy. In the next decade, China will continue to rise, not fade. The 32 years of development unravelled in an explosive manner. However, it is important to keep in mind that, although they are related, In a similar perspective, to wish that economic forces might be “democratic and altruistic” will only lead us to dissatisfaction, heated discussions and fights. Who have exploited their connections to become rich and powerful, points to a China that has made the transition directly from communist dictatorship to crony capitalism, bypassing a democratic stage of development. Perhaps the most important errors have lain in the idea that the prevailing economic market forces have a social conscience and that capitalist development could democratize power. In the context of the global crisis, the traditional institutions of representative democracy show clear signs of growing inefficiency in the management of the capitalist system. We are beginning to develop some experience about what a democratic, post-capitalist economy might look like and how it could function. HONOLULU (March 5) – Chinese Premier Wen Jiabao said recently that democracy in his country was still a hundred years away. The growing economic power and global presence of China's “rapacious state capitalism” is posing a political and ideological threat to liberal democracy, say two prominent analysts. The Left has always rejected this position. Many have even defended neo-liberal reforms on the grounds that they hasten capitalist development and hence our march to modernity. The prices of basic necessities skyrocketed. Postscript, October 14 The West accounts for a disproportionate share of world income because it has already passed through capitalist development. Dahl, Robert Alan, 1915-; Why Free Markets Are Not Enough [Access article in PDF] Subject Headings: Przeworski, Adam. Yanzhong Huang argues that while Chinese growth has been impressive, it's singular focus on economic development has negatively affected health, environment, and social areas.