Democracy and capitalism coexist in many variations around the world, each continuously reshaped by the conditions and the people forming them, the Harvard Business Review’s Laura Amico observes. Increasingly, people have deep concerns about both. In a recent global survey, Pew found that, among respondents in 27 countries, 51% are dissatisfied with how democracy is working. Further, Millennials and Gen Zs are increasingly disinterested in capitalism, with only half of them viewing it positively in the United States.
In “The Business Case for Saving Democracy,” Rebecca Henderson argues that the failure of each system is married to the other, and that to rebuild a strong free market we are going to have to strengthen democracy. But do other observers agree? RTWT