3.0

Average Course Rating

This course is about the interplay of democracy and capitalism. A core principle of democracy is equality. A core principle of capitalism is inequality. In democracies, the resource-poor are vote-rich. In contrast, the resource-rich are vote-poor. This helps combining capitalist economic systems with democratic political systems (“democratic capitalism”). But the sharp increase in income inequality in recent decades raises questions about the viability of democratic capitalism. What are the patterns, causes, and consequences of (income) inequality? How does inequality influence how democracy and capitalism interact? Why are there large differences in terms of redistribution between countries? For concreteness, the course compares the U.S. case to other rich democracies.