Democratic capitalism, also known as capitalist democracy or capitalistic democracy, is a political, economic, and social system and ideology based on a tripartite arrangement of a market-based economy based predominantly on a democratic polity, economic incentives through free markets, and a liberal moral-cultural system which encourages pluralism.[1][2]
This economic system supports a capitalist free market economy subject to control by a political system which is in some sense democratic, and supported by the majority.
The United States and Canada are notable in using democratic capitalism as their political-economic system. In the United States, both the Democratic and Republican Parties subscribe to this (little-"d" and "r") democratic-republican philosophy. In Canada, both the Liberal and Conservative Parties subscribe to a belief in the free market, free enterprise, private property, and democratic capitalism. The term is often used to contrast the United States' and Canada's political-economic system, with its emphasis on individual liberties, with that of the more democratic socialist or social democratic economies of other Western countries. Most liberals and conservatives generally support some form of democratic capitalism in their economic practices[citation needed].
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Democratic capitalism, also known as capitalist democracy or capitalistic democracy, is a political, economic, and social system and ideology based on a tripartite arrangement of a market-based economy based predominantly on a democratic polity, economic incentives through free markets, and a liberal moral-cultural system which encourages pluralism.[1][2]
This economic system supports a capitalist free market economy subject to control by a democratic political system that is supported by the majority. It stands in contrast to authoritarian capitalism by limiting the influence of special interest groups, including corporate lobbyists, on politics.
The United States is often seen as having democratic capitalism as its political-economic system although some argue it has become more authoritarian in recent decades[3]. In the United States, both the Democratic and Republican Parties subscribe to this (little-"d" and "r") democratic-republican philosophy. Most liberals and conservatives generally support some form of democratic capitalism in their economic practices[citation needed].
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| This article includes a list of references, related reading or external links, but its sources remain unclear because it lacks inline citations. Please improve this article by introducing more precise citations where appropriate. (September 2008) |
   | The Conceptual Foundations of Democratic Capitalism - The Conceptual Foundations of Democratic Capitalism |
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