Talking Politics: HISTORY OF IDEAS cover image

Schumpeter on Democracy

Talking Politics: HISTORY OF IDEAS

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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.

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