
Schumpeter on Democracy
Talking Politics: HISTORY OF IDEAS
00:00
Democracy Is Not an Accessory to the Business of Politics
Shampte says politics is very, very close in its method to the methods of modern advertising. In 19 forty two, by 20 first century standards, advertising was pretty crude. If democracy is just advertising, then it does sound like we are in a lot of trouble. And even worse, this is not just the age of cambridge analytic and micro targeting and deep fake technology. It's also the age of the vast tec corporations, the face books, the amazons - which are all driven by psychotechnics. Capitalism itself is now being driven by these techniques,. which, on shumpeter's account, form the essence of democratic politics.
Transcript
Play full episode