Capitalism without Democracy

In this solo episode of the Explaining History Podcast, we step back from the daily news cycle to examine a question that has shaped the modern world: what is the relationship between capitalism and democracy?

For decades, we have been told that economic freedom and political freedom are two sides of the same coin—that the ability of capital to move freely, to invest, to accrue profits, is the mirror of the rights and liberties that citizens enjoy. This is one of the secular articles of faith upon which the Western world runs. But is it tr...