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Capitalist Development and Democracy Dietrich Rueschemeyer, Evelyne Huber Stephens, John D. Stephens
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In subsequent decades, capitalist development in Europe, the US, and Japan organized a new kind of (independent, post-colonial) underdevelopment in most of Asia, Africa, and Latin America. What we are dealing with is not an economic crisis, but a period in which the normal functioning of the capitalist economy demands that the final remnants of democratic control, workers' rights and public services be abolished for the sake of profit. Alongside continuing exports of raw materials and foods, first manufacturing and Visit Wolff's Web site at www.rdwolff.com, and order a copy of his new book Democracy at Work: A Cure for Capitalism. Postscript, October 14 The West accounts for a disproportionate share of world income because it has already passed through capitalist development. Indeed, the development of capitalist economy has created the material conditions for the realisation of socialism; it can also be said that capitalism is the mother of socialism. In the next decade, China will continue to rise, not fade. These empirical observations have led “Bourgeois revolutions” for Moore were the violent social upheavals in England, France, and the United States which abolished the domination of the traditional landed elite and brought capitalist democracy. 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. Among nations with developing and emerging economies, hardly any of them have made substantial progress transitioning to a commercial–industrial order while under a democracy. His work is also featured on the new website: www.democracyatwork.info. In the second half of the 1970s, when rapid and stable economic growth came to a halt in the 'developed' world, the forces of capital intensified their attack on workers' rights that has not ceased to this day.