Why capitalists are coming out against democracy - “Does classical liberalism imply democracy?”
https://www.ellerman.org/wp-content/uploads/2015/12/Reprint-EGP-Classical-Liberalism-Democracy.pdf
“There is a fault line running through … liberalism as to whether or not democratic self- governance is a necessary part of a liberal social order. The democratic and non-democratic strains of classical liberalism are both present today. Many … libertarians … represent the non-democratic strain in their promotion of non-democratic sovereign city-states.”
6 points
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