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Democratic Capitalism by AA is a document available to read on EtoBox.

This document discusses the ideological and economic foundations of the compromise between capitalism and democracy. It argues that Keynesian economics provided the basis for this compromise by establishing that governments could reconcile private ownership with managing aggregate demand and income distribution. This addressed the central problem of the 1930s - unemployment and unused resources. Keynesianism justified social democratic parties holding power within capitalist systems and pursuing policies li

Author

AA

Language

EN