Capitalist Revolution (Bresser-Pereira)

Democracy and capitalist revolution by Luiz Carlos Bresser-Pereira published by Économie Appliqée. “Democracy became the preferred and consolidated form of government only in the twentieth century. The new historical fact that led to the change of preference from aristocratic rule to democracy is the Capitalist Revolution, which changed the manner of appropriating the economic surplus from violence  to the market. This is the first necessary condition for democracy. The disappearance of the fear of expropriation, the rise of middle classes, and the pressures of the  poor are the complementary historical facts. After these four conditions were fulfilled, the elites ceased to fear that they would be expropriated if the poor won universal suffrage…” Ver PDF Anexado