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Quick takeaways
- Non-democratic forms of capitalism, like those seen in Singapore and Dubai, pose a threat to democratic societies by fragmenting capitalism into diverse spaces with political consequences.
- Rural communities in West Bengal cultivate democratic values through everyday practices related to kinship, farming, religion, and collective action during the harvest season.
Deep dives
The Threat of Non-Democratic Capitalism
The book 'Crack Up Capitalism, Market Radicals and The Dream of a World Without Democracy' explores the relationship between capitalism and democracy. It argues that non-democratic forms of capitalism, exemplified by authoritarian regimes like Singapore and Dubai, pose a threat to democratic societies. The author highlights how the fragmentation of capitalism into legally diverse spaces, such as industrial parks and offshore tax havens, not only impacts the economic organization but also has political consequences. The book sheds light on the ideologies and actions of prominent figures like Milton Friedman and Peter Thiele, who advocate for the reorganization of polities based on subnational functional spaces.
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