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Four Ways Free Market Capitalism Reinforces Legal-Rational Democracy

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The Future of Democracy
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Abstract

  • One, The Separation of the Economy from Government Control;

  • Two, Contract Law and Patent Law;

  • Three, The Encouragement of Science and Technological Application for the Production Process;

  • Four, the Engendering of a Large, Prosperous, Well-Educated Middle Class.

This majority middle-class tends to be lawful, and to moderate the power of the rich and the potential violence of the poor.

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Notes

  1. 1.

    Montesquieu, The Spirit of the Laws, London, Penguin, 1956.

  2. 2.

    Hamilton, Madison, Jay, The Federalist Papers, Random House, 1956.

  3. 3.

    John Maynard Keynes, Biography, by Robert Skidelsky, N.Y. Public Affairs, 2009.

  4. 4.

    Thomas Hobbes, Leviathan.

  5. 5.

    Aristotle, The Constitution of Athens.

  6. 6.

    Glassman, Origins of Democracy in Tribes, City-States and Nation-States (The Gorton Law Code of Crete-section on constitutional law in ancient Greece).

  7. 7.

    Glassman, China in Transition: Communism, Capitalism, Democracy.

  8. 8.

    Thomas Kuhn, The Structure of Scientific Revolutions, Chicago, Univ. of Chicago Press, 1962.

  9. 9.

    Black-Scholes algorithms for predicting stock market fluctuations—failed; see Wikipedia.com-Black Scholes Algorithms.

  10. 10.

    Max Weber, The Methodology of the Social Sciences, N.Y. Free Press, 1949 (Shils & Finch, editors).

  11. 11.

    Emile Durkheim, The Rules of Sociological Method, N.Y. Free Press, 1956.

  12. 12.

    Aristotle, Politics (middle class).

  13. 13.

    Ronald M. Glassman, The Middle class and Democracy in Historical Perspective, E.J. Brill, Leiden, The Netherlands, 2002.

  14. 14.

    Ronald M. Glassman and William Swatos, Jr. and Peter Kivisto For Democracy: The Noble Character and Tragic Flaws of the Middle Class, N.Y. Praeger, 1993.

  15. 15.

    Ronald M. Glassman, The New Middle Class and Democracy and Global Perspective, N.Y. MacMillan, 2003.

  16. 16.

    Ronald M. Glassman, Caring Capitalism, N.Y. MacMillan, 2008.

  17. 17.

    Aristotle, Politics (rich, poor, and middle class).

  18. 18.

    Aristotle, Politics (poor).

  19. 19.

    Aristotle, Politics (poor-“leaky jar”).

  20. 20.

    Aristotle, Politics (wise legislation by the middle class).

  21. 21.

    Keynes, Biography.

  22. 22.

    Seymour Martin Lipset, Political Man, Random House, 1953.

  23. 23.

    Samuel P. Huntington, Political Order in Changing Societies.

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Glassman, R.M. (2019). Four Ways Free Market Capitalism Reinforces Legal-Rational Democracy. In: The Future of Democracy. Springer, Cham. https://doi.org/10.1007/978-3-030-16111-8_10

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  • DOI: https://doi.org/10.1007/978-3-030-16111-8_10

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-16110-1

  • Online ISBN: 978-3-030-16111-8

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