CAPITALISM AND DEMOCRACY: DEMOCRACY'S CRISIS AS A CONSEQUENCE OF THE ECONOMIC CRISIS OF 2008
Abstract
The relationship between capitalism and democracy has always been the subject of much study and debate. In this article, we seek to analyze how the so-called “democracy crisis” would have been a consequence of the 2008 economic crisis that extends to the present day. A brief analysis will be made about the confrontations between these two concepts, in order to analyze the compatibility between them, especially in view of their nature; also verifying how the historical-political contexts were fundamental for the construction of a political system capable of embracing both and conciliating them. Then, the economic crises will be analyzed since 1973, in order to build the economic scenario that gave rise to the 2008 crisis, focusing on the teachings of Wolfgang Streeck on the subject. Finally, the crisis of political legitimacy, which would be the main cause of the weakening of democracies and the current political crisis, will be analyzed, based on its relationship with the economic crisis of 2008 and the consequent policies adopted by States in their attempts to recovery and overcome these crises. To this end, bibliographic sources, academic texts, as well as recent debates on the world political and economic scenario will be analyzed.
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