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Wordcount: 1199
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Capitalist society
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There is no paucity of theorists who, while rejecting the “end of history” thesis, agree with Fukuyama’s view that capitalism and liberal democracy are intricately connected. This view embeds a conception of politico-economic arrangements in which capitalism and democratic government represent the “pinnacle of human development”. The historical associations between liberal democracy and capitalism are undeniable. However, capitalism does not necessarily give rise to democracy.
To fully interrogate the relation between democracy and capitalism, it is useful to note that, by itself, democracy means that, in some undefined sense, political power is ultimately in the hands of the whole adult population, and that no smaller group has the rig
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