How Late-Stage Neoliberal Capitalism is Breaking Democracy

How Late-Stage Neoliberal Capitalism is Breaking Democracy

For a long time many (although by no means all) scholars saw the relationship between capitalism and democracy as mutually reinforcing: economic competition and growth were expected to sustain democratic competition and improve governance and public good delivery for citizens, in turn creating a better environment for capitalist competition to flourish. But as capitalism has changed and has in many respects freed itself from the constraints of the state and of democratic processes, it has unleashed a new era of extreme wealth accumulation, deregulated markets, weak states, unresponsive political elites, and choiceless democracies. In this episode, CEDAR host Licia Cianetti talks to Rachel Riedl about her recent essay on “Neoliberalism and the Third Wave” to better understand why and how this happened and what we can do about it. This episode is part of PPP’s ongoing collaboration with the Journal of Democracy. Rachel Beatty Riedl is Professor of public policy and government at Cornell University and the Peggy J. Koenig '78 Director of the Brooks Center on Global Democracy. Her latest co-edited book is entitled Global Challenges to Democracy: Comparative Perspectives on Backsliding, Autocracy, and Resilience (CUP 2025). Licia Cianetti is Lecturer in Political Science and International Studies at the University of Birmingham and Deputy Founding Director of CEDAR. Her latest publication is “What is a “regime”? Three definitions and their implications for the future of regime studies” (Democratization, 2025). The People, Power, Politics podcast brings you the latest insights into the factors that are shaping and re-shaping our political world. It is brought to you by the Centre for Elections, Democracy, Accountability and Representation (CEDAR) based at the University of Birmingham, United Kingdom. Join us to better understand the factors that promote and undermine democratic government around the world. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

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Thomas Hegghammer and Diego Gambetta eds., "Fight, Flight, Mimic: Identity Mimicry in Conflict" (Oxford UP, 2024)

Thomas Hegghammer and Diego Gambetta eds., "Fight, Flight, Mimic: Identity Mimicry in Conflict" (Oxford UP, 2024)

Time spent and words spent—what does each signal? Deceptive mimicry—the manipulation of individual or group identity—includes passing off as a different individual, as a member of a group to which on...

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Sarah James, "The Politics of Failed Policies" (Oxford UP, 2025)

Sarah James, "The Politics of Failed Policies" (Oxford UP, 2025)

The Politics of Failed Policies (Oxford UP, 2025) examines how the interplay of politics and data affects when failed policies get recognized. It shows how compelling data and analysis is an important...

27 Mars 28min

Maya L. Kornberg, "Stuck: How Money, Media, and Violence Prevent Change in Congress" (JHU Press, 2026)

Maya L. Kornberg, "Stuck: How Money, Media, and Violence Prevent Change in Congress" (JHU Press, 2026)

Why fifty years of changemaking and reform haven't fixed Congress—and what that reveals about American democracy. Congress, the central democratic institution in the United States, is hanging on by a ...

26 Mars 49min

Tom Wells, "The Kissinger Tapes: Inside His Secretly Recorded Phone Conversations" (Oxford UP, 2026)

Tom Wells, "The Kissinger Tapes: Inside His Secretly Recorded Phone Conversations" (Oxford UP, 2026)

A richly detailed collection of transcripts of Henry Kissinger's secretly recorded phone conversations from his time in the Nixon administration that touch on every important issue of Kissinger's day ...

26 Mars 34min

On Trump as a “World Historical Individual” with author John B. Judis

On Trump as a “World Historical Individual” with author John B. Judis

The philosopher G.W.F. Hegel “viewed history as consisting of stages punctuated by times of upheaval,” the author John B. Judis wrote in a recent essay for NOTUS, and “assigned to what he called ‘worl...

25 Mars 34min

How Authoritarians Exploit Gender

How Authoritarians Exploit Gender

Gender is becoming a central battleground in contemporary authoritarian politics, but how do autocrats manipulate these debates to their own advantage? Some regimes now pursue a double strategy of sim...

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Lucia Motolinia, "Unity through Particularism: How Electoral Reforms Influence Parties and Legislative Behavior" (Cambridge UP, 2026)

Lucia Motolinia, "Unity through Particularism: How Electoral Reforms Influence Parties and Legislative Behavior" (Cambridge UP, 2026)

Why do supposedly accountability-enhancing electoral reforms often fail in young democracies? How can legislators serve their constituents when parties control the necessary resources? Unity through P...

24 Mars 28min

Stephen G. Brooks, "The Political Economy of Security" (Princeton UP, 2026)

Stephen G. Brooks, "The Political Economy of Security" (Princeton UP, 2026)

In his new book, The Political Economy of Security (Princeton University Press, 2026), Stephen Brooks provides a systematic empirical and theoretical examination of how economic factors influence secu...

22 Mars 49min

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