Capitalism and democracy in the postsocialist transformation. Basic concepts

Gedeon, Péter (2017) Capitalism and democracy in the postsocialist transformation. Basic concepts. Society and Economy, 39 (3). pp. 385-407. DOI

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The collapse of one-party dictatorship and centrally planned economy based on state ownership opened up the pathways for the formation of different postsocialist systems. Among other variants in a certain number of postsocialist states, democratic capitalism could emerge. Recently the system of postsocialist capitalism has been going through the process of regression leading to a distorted and defective democracy and capitalism in some postsocialist countries. This essay reviews the literature on the relationship of democracy and capitalism in order to contribute to the creation of a theoretical framework for the analysis of the regression of postsocialist democratic capitalism. In the paper the argument is made that for the explanation of the regression of democratic capitalism, the structural analysis of postsocialist democratization and marketization should be supplemented with a theory that reflects on the role of political actors, the role of political parties, party competition in this process.

Item Type:Article
Uncontrolled Keywords:capitalism, democracy, regression of democratic capitalism, defective democracy
JEL classification:D02 - Institutions: Design, Formation, and Operations
P16 - Capitalist Systems: Political Economy
ID Code:3080
Deposited By: Ádám Hoffmann
Deposited On:13 Oct 2017 10:26
Last Modified:13 Oct 2017 10:26

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