In this book, Novak aims to understand and analyze the theological assumptions of democratic capitalism, its spirit, it values, and its intentions.
Novak defines democratic capitalism as a pluralistic social system that contrasts with the unitary state of the traditional society and the modern socialist state. He analyzes it as a differentiation of society into three power centers: a political sector, an economic sector, and a moral-cultural sector. Each sector needs the others. Democracy needs the market economy and both need a pluralistic liberal culture.
Against the continuing growth of democratic capitalism, modern socialism has contracted from a robust utopian program into vague “idealism about equality” and overwrought criticism of capitalism, most notably in the “liberation theology” of Latin America.
|ISBN||0819178233 , 978-0819178237|
|Publisher||Simon & Schuster|