Relationship to democracy The relationship between democracy and capitalism is a contentious area in theory and in popular political movements. The extension of adult-male suffrage in 19th-century Britain occurred along with the development of industrial capitalism and representative democracy became widespread at the same time as capitalism, leading capitalists to posit a causal or mutual relationship between them. However, according to some authors in the 20th-century, capitalism also accompanied a variety of political formations quite distinct from liberal democracies, including fascist regimes, absolute monarchies and single-party states. Democratic peace theory asserts that democracies seldom fight other democracies, but others suggest this may be because of political similarity or stability, rather than because they are "democratic" or "capitalist". Critics argue that though economic growth under capitalism has led to democracy, it may not do so in the future as authoritarian régimes have been able to manage economic growth using some of capitalism's competitive principles without making concessions to greater political freedom.
Relationship to democracy The relationship between democracy and capitalism is a contentious area in theory and in popular political movements The extension of adult-male suffrage in 19th-century Britain occurred along with the development of industrial capitalism and representative democracy became widespread at the same time as capitalism leading capitalists to posit a causal or mutual relationship between them However according to some authors in the 20th-century capitalism also accompanied a variety of political formations quite distinct from liberal democracies including fascist regimes absolute monarchies and single-party states Democratic peace theory asserts that democracies seldom fight other democracies but others suggest this may be because of political similarity or stability rather than because they are "democratic" or "capitalist" Critics argue that though economic growth under capitalism has led to democracy it may not do so in the future as authoritarian régimes have been able to manage economic growth using some of capitalism's competitive principles without making concessions to greater political freedom