Democratic capitalism, also known as capitalist democracy, is a political ideology that combines liberal democracy with capitalism to support individual freedom and pluralism.  It stands in contrast to  corporatism by limiting the influence of special interest groups, including corporate lobbyists, on politics.
The coexistence of modern capitalism and democracy was supported by the creation of the modern
welfare state in the post-war period, which enabled a relatively stable political atmosphere and widespread support for capitalism. This period of history is often referred to as the " Golden Age of Capitalism".
History [ edit ]
The ideology of "democratic capitalism" has been in existence since medieval times. It is based firmly on the principles of
liberalism and Whig historiography, which include liberty and equality. Some of its most prominent promoters were the Founding Fathers of the United States and subsequent Jeffersonians.
See also [ edit ]
Novak, Michael, , p. 31 The Spirit of Democratic Capitalism
Benne, Robert, The Ethic of Democratic Capitalism, p. 97, ISBN 0-8006-1445-3
Capitalism and Inequality, by Muller, Jerry Z. 2013. Foreign Affairs, March 2013.
Prindle, David, The Paradox of Democratic Capitalism: Politics and Economics in American Thought, ISBN 0-8018-8411-X
References [ edit ]
Novak, Michael (1993), The Catholic Ethic and the Spirit of Capitalism, New York: The Free Press, ISBN 0-02-923235-X
Novak, Michael (1982), The Spirit of Democratic Capitalism, New York: Simon and Schuster, ISBN 0-671-43154-4
Benne, Robert (1981), The Ethic of Democratic Capitalism: A Moral Reassessment, Philadelphia: Fortress Press, ISBN 0-8006-1445-3
J. Michael Miller, ed. (1996), The Encyclicals of John Paul II, Huntington: Our Sunday Visitor Prindle, David (2006), The Paradox of Democratic Capitalism: Politics and Economics in American Thought, Baltimore, MD: The Johns Hopkins University Press, ISBN 0-8018-8411-X
External links [ edit ]