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Old 02-27-2014, 08:54 PM
 
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Is there authoritarian capitalism?

How would you describe its form?
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Old 02-27-2014, 09:15 PM
 
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Quote:
Originally Posted by Hyperthetic View Post

Is there authoritarian capitalism?

How would you describe its form?
I've heard people describe China as an example of that. China is a one party state with a certain amount of capitalism. Some call what they have as "state run capitalism". Anyway one problem with having capitalism combined with an authoritarian gov't is that it limits innovation. This link below mentions how China could learn from South Korea's experience.


Is democracy necessary for economic success? | TIME.com
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Old 03-03-2014, 01:40 PM
 
Location: Mill Valley, California
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Keep in mind Capitalism has never really been anything more than an economics modality that depended upon other forms of social and political governance to work with it (like democracy). Unlike socialism/communism, capitalism never had a chance to sprout a social or political facet that made it into a robust method of complete governance that could become autocratic. Early Capitalistic economies, instead, coincided with the devolopment of representative democracy, and the two have been fairly inseparable since.

The US, and Northern and Western European nations of the late 18th and 19th centuries all embraced the first incarnation of capitalism (called Laissez Faire capitalism, which was an entirely unregulated and unbounded form) which invariably was dominated by wild economic boom-to-bust-to-boom economc cycles that were particularly harsh to citizens, with sudden and deep periods of poverty and shortages (what we call depressions) punctuating longer periods of relative wealth. It was also dominated by widespread political corruption that gave rise and power to large-scale organized crime syndicates as well. I would imagine an authoritarian form of capitalism would tend to be kind of like that. Motion's comment above, about China is a good alternative example of what one might expect when capitalism is coupled with autocratic/authoritarianism socio-political system too. China, despite common perception, is not a communist nation, it is definitely far more capitalist that people realize. It is merely ruled by a single political party that happens to label itself as communists. Calling China a "communist" nation is a bit like calling the US a "republic" every time the Republicans take power. But I digress....
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Old 03-03-2014, 01:50 PM
 
Location: Florida
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Quote:
Originally Posted by Hyperthetic View Post
Is there authoritarian capitalism?

How would you describe its form?
Capitalism is not a political model, but a economic one.
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