In contemporary discourse, claims of democratic principles are pervasive, with even the Chinese Communist Party asserting its democratic nature. In contrast, references to capitalism often carry negative connotations and are less frequently endorsed in respectful discussions. This raises questions about the interplay between democratic institutions and market economies, considering how these systems affect one another.
Furthermore, the influence of corporations in politics is significant, as they frequently engage in lobbying and contribute to campaigns. Conversely, governments impact the economy through various means, including subsidies and regulations that may distort the market. This prompts a critical examination of the appropriate balance between state intervention and market freedom, as discussed in Niall Ferguson's "The Great Degeneration."