Free Market Capitalism Erodes Democracy: Mordecai Kurz

We discuss the transformation of free market capitalism into a techno-winner-take-all system. Reaganomics and advances in technology have supercharged the market power of corporations and created immense private power. Both of these have increased economic inequality, which causes political inequality and threatens democracy.

Mordecai’s civic action toolkit recommendations are:

Be supportive of democratic institutions.

Be willing to listen to opposing points of views without interference.

Mordecai Kurz is the Joan Kenney Professor of Economics Emeritus at Stanford University and his most recent book is Private Power and Democracy’s Decline: How to Make Capitalism Support Democracy.

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