Capitalism and Democracy: Can They Coexist?
Capitalism is losing its luster. Most millennials in the U.S. now say they prefer socialism. Inequality is rising, as those at the top take more of economic winnings. Anger and despair have risen among many of those who are being left behind. Populism is on the rise, on the political left and right. Capitalism and democracy were once seen as symbiotically related: a broadly market economy embedded within a liberal, representative demos. Now the partnership is in question, in part because of the perceived failure of democratic institutions to generate shared economic prosperity. So: what’s next? State capitalism? Socialism? A basic income? An expert panel discusses these issues, featuring: Leslie McCall, presidential professor of sociology and political science and associate director of the Stone Center on Socio-Economic Inequality at The Graduate Center; Vanessa Williamson, senior fellow at the Brookings Institution and author of Read My Lips: Why Americans Are Proud to Pay Taxes; and Andrew Yang, tech entrepreneur, philanthropist, and founder of Venture for America. Moderated by Richard Reeves, senior fellow at the Brookings Institution, author of Dream Hoarders, and curator of the The Guardian’s “Broken Capitalism” series.
Presented on May 15, 2019, in collaboration with The Guardian’s series “Broken Capitalism.” Co-presented with the Stone Center on Socio-Economic Inequality.
Part of The Graduate Center’s series “The Promise and Perils of Democracy.” This project is made possible in part with support from the Carnegie Corporation of New York.
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