Volume 25, Number 12 · July 20, 1978
Must Democracy Be Capitalist?
By Michael Walzer
Politics and Markets: The World's Political-Economic Systems
by Charles E. Lindblom
Basic Books, 403 pp., $15.00
Marxists have always stressed the great political power, the dominating role, of businessmen in capitalist states. But they have generally been too little interested in the actual structures of those states, too little appreciative of their complexity and diversity to analyze that power in detail or to provide a convincing account of how it works. Analysts of 'elites,' like C. Wright Mills, have described the overlapping membership of the powerful cadres of government and economy, without suggesting the structural connections between the two. But capital works its way even when the two cadres do not overlap: how is that to be explained?
Review, 2643 words
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