The book is called Capitalism Globalism
and Democracy. And for at least a hundred years capitalism and democracy have been in a kind of dynamic tension with each other. We want entrepreneurs to succeed
but we also want there to be a socially tolerable distribution of income and
wealth. We don’t want the market to overrun democracy any more than we want democracy to overrun the market. And that problem becomes more acute when the
economy is globalized because there’s no global polity there’s no global
government, there is a global civil society but there really isn’t
global citizenship. So the question is: How do you keep democracy and capitalism in a constructive relationship with each other when there’s no global government
becomes a very interesting question.