To rescue democracy, we must revive the reforms of the Progressive Era
by Ganesh Sitaraman from Economics | The Guardian on (#4P8K8)
The playbook for taming industrial capitalism already exists. It's the essential starting point for reform today
In Democracy in America, Alexis de Tocqueville offered a prescient warning for "the friends of democracy". In a chapter called "How Aristocracy Could Issue from Industry" he observed that industrial capitalism would create economic inequality between owners and wage-workers and divide them culturally, morally, and socially.
Related: Yes, contemporary capitalism can be compatible with liberal democracy | William Arthur Galston
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