Is political equality viable when a capitalist economy unequally distributes private property? This book examines the nexus between wealth and politics and asks how institutions and citizens should respond to it.
Theories of democracy and property have often ignored the ways in which the rich attempt to convert their wealth into political power, implicitly assuming that politics is isolated from economic forces. This book brings the moral and political links between wealth and power into clear focus. The chapters are divided into three thematic sections. Part I analyses wealth and politics from the perspective of various political traditions, such as liberalism, republicanism, anarchism, and Marxism. Part II addresses the economic sphere, and looks at the political influence of corporations, philanthropists, and commons-based organisations. Finally, Part III turns to the political sphere and looks at the role of political parties and constitutions, and phenomena such as corruption and lobbying.
Wealth and Power: Philosophical Perspectives will be of interest to scholars and advanced students working in political philosophy, political science, economics, and law.
1. Introduction: The Wealth-Power Nexus Michael Bennett, Huub Brouwer & Rutger Claassen
Part I: Theoretical Orientations
2. What about Ethos? Republican Institutions, Oligarchic Democracy and Norms of Political Equality Jessica Kimpell Johnson
3. Two Liberal Egalitarian Perspectives on Wealth and Power Richard Arneson
4. Public Choice and Political Equality Brian Kogelmann
5. Private Wealth and Political Domination: A Marxian Approach Igor Shoikhedbrod
6. Anarchism and Redistribution Jessica Flanigan
Part II: Power in the Economic Sphere
7. Why Does Worker Participation Matter? Three Considerations in Favour of Worker Participation in Corporate Governance Thomas Christiano
8. Taming the Corporate Leviathan: How to Properly Politicise Corporate Purpose? Michael Bennett and Rutger Claassen
9. The Power of Big Tech Corporations as Modern Bigness and a Vocabulary for Shaping Competition Law as Counter-power Anna Gerbrandy & Pauline Phoa
10. Economic Power and Democratic Forbearance: The Case of Corporate Social Responsibility and Philanthropy Emma Saunders-Hastings
11. Independence in the Commons: How Group Ownership Realises Basic Non-Domination Yara Al Salman
Part III. Wealth and Democratic Institutions
12. Hidden in Plain Sight: How Lobby Organisations Undermine Democracy Phil Parvin
13. No Money, No Party: The Role of Political Parties in Electoral Campaigns Chiara Destri
14. Constitutions against Oligarchy Elliot Bulmer & Stuart White
15. Automation, Desert, and the Case for Capital Grants Huub Brouwer
16. The Power of Private Creditors and the Need for Reform of the International Financial Architecture Anahí Wiedenbrüg & Patricio López Turconi