New Books In World Affairs

For a long time many (although by no means all) scholars saw the relationship between capitalism and democracy as mutually reinforcing: economic competition and growth were expected to sustain democratic competition and improve governance and public good delivery for citizens, in turn creating a better environment for capitalist competition to flourish. But as capitalism has changed and has in many respects freed itself from the constraints of the state and of democratic processes, it has unleashed a new era of extreme wealth accumulation, deregulated markets, weak states, unresponsive political elites, and choiceless democracies. In this episode, CEDAR host Licia Cianetti talks to Rachel Riedl about her recent essay on “Neoliberalism and the Third Wave” to better understand why and how this happened and what we can do about it. This episode is part of PPP’s ongoing collaboration with the Journal of Democracy. Rachel Beatty Riedl is Professor of public policy and government at Cornell University and the Pegg