Democratic Wealth, Democratic Welfare: Is Flux Enough?
It is clearly undemocratic for wealth to be concentrated in the same few hands, year in and year out, as was traditional in the sorts of aristocracies which Tocqueville contrasted with early American democracy and as arguably remains standard in virtually all modern industrial societies. The crucial question is whether democrats ought to be content with wealth being concentrated in different hands from one year to the next, or whether democratic egalitarians ought to insist instead that wealth...[Show more]
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|Source:||New Political Economy|
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