Capitalism, Democracy, and Ralph's Pretty Good Grocery

by John E. Mueller

Book Overview

Democracy is overrated. Capitalism, on the other hand, doesn't get enough credit. In this provocative and engaging book, John Mueller argues that these mismatches between image and reality create significant political and economic problems--inspiring instability, inefficiency, and widespread cynicism. We would be far better off, he writes, if we recognized that neither system is ideal or disastrous and accepted instead the humdrum truth that both...

• Format: Paperback
• Language: English
• ISBN: 0691090823
• ISBN13: 9780691090825
• Release Date: September 2001
• Publisher: Princeton University Press
• Length: 352 Pages
• Weight: 0.55 lbs.
• Dimensions: 0.7" x 6.1" x 9.2"

Customer Reviews

A seminal book, best in class

Prof.Mueller tries to correct several misconceptions about capitalism and democracy. a) Quite contrary to popular beliefs and the propaganda from a deafening chorus of anticapitalist voices Prof.Mueller posits, that capitalism tends to reward positive ethical behavior. "Nice guys come out first" . b) For a variety of reasons this simple truth became obscured and capitalism tends to be maligned and is believed to be governed by the opposite priciples of theft, deception and moral depravity. Reading Prof.Mueller`s book I remembered the opening line of a letter, Karl Marx wrote 1872 in reply to an article in a German business paper ("Concordia"). Summarily Marx adressed producers ("Fabrikanten") as experts in counterfeiting their merchandise. This contrasts eerily with research findings, Prof.Mueller cites, which attest English and German producers a marked shift towards ethical behaviour during the 19.th century! c) Following Prof.Mueller, democracy may be described to be the rule of a minority with acquiescence of the majority. And this minority rule with majority asquiescence happens to be not a defect but a strongpoint. There may even be democracy without elections, because not the ballot box is to be considered the heart of a democratic government but the responsiveness towards special interests from society, which must be given the guarantee of peaceful pursuit against those in power. Following the author`s very sensible train of thoughts I started wondering, wether we could call the period of Kaiserreich" in German history 1870 to 1914 a democratic period and there may be room for a democratic development in China - even without challenging the one-party rule. I can gladly label Prof.Mueller`s book the most important title about capitalism and democracy I ever read. This is a seminal book for many years to come. I am very fortunate, to have come across it! Thank you indeed, John Mueller!

A challenging look at capitalism and democarcy

Although capitalism and democracy are regarded by many as the twin engines propelling the United States into its present position of world leadership, discussions of what these institutions mean for Amercians in practical, everyday terms are exceedingly rare. John Mueller, a professor of political science at the University of Rochester, has taken a giant step toward examining the reality of capitalism and democracy...As he puts it, capitalism and democracy consistently fall short of the images and ideas conveyed by theorists and pundits.Mueller is convinced that the free-market economy has proven its value. Government intervention cannot instill the values essential to successful enterprise, and over the long run it undercuts them...In any event, economic inequality is inevitable, whatever the economic system in place, and capitalism has the advantage over other systems of providing greater prosperity and rewarding moral behavior...Whereas Mueller focuses on the negative images frequently associated with capitalism, his discussion of democracy concentrates on the unattainable ideal by which it is often judged...Especially important from Mueller's perspective is recognition of the fact that special interests and inequality are inherent in democratic systems...Democracy may be grubby, chaotic, and constantly compromising, but it soundly beats any of the alternatives. Mueller concedes that authoritarian forms of government may occasionally produce great leaders, but he argues that in no nation have such leaders existed for any length of time. Democracy constantly reevaluates its leaders and provides the means for replacing them, and it has consistently demonstrated a capacity to thrive even with large amounts of citizen apathy, cynicism, and even ignorance...Obviously, Mueller's bare-bones approach to democracy drives a stake into the core assumptions of many texts and courses on the history of political thought. Traditionally, the rise of democratic institutions in the West has been traced to religious, economic, and ideological forces that not only forced change but also provided a basis for the survival of democratic institutions...Mueller rejects all such appeals to specific preconditions-primarily, it appears, because he fears that reliance on such historical developments will inhibit the promotion of democracy in today's world...In Mueller's view, democracy now is in "fashion" (p. 204), and the only serious threat to it is the appearance of groups of armed "thugs" (p. 203)...As the United States moves into the twenty-first century, it has established itself as the dominant political, economic, and military power in the world. Yet its leaders and intellectuals lack the sort of architectonic theoretical paradigms that have emerged on the continent and to which many American scholars continue to feel obliged to genuflect as models to be emulated. Mueller seems singularly unimpressed by the need to formulate overarching theoretical explanations...

This book should be in every poly sci classroom

If a friend told me that he was flying to a deserted island in the South Pacific to start a new country, first I would tell him he was crazy. Next, I would give him this book, insist that he read it, and use it as a blueprint for a successful society. Mr. Mueller's book is an excellent defense of both capitalism and democracy, the twin pillars of our American society. The author points out that while neither system is perfect, both are superior to any other economic method or political institution. His book is filled with interesting facts and fascinating insights. For example, Mr. Mueller insists that capitalism, far from extinguishing virtue, actually encourages it. This is because businessmen who treat their customers and co-workers with fairness and compassion have an economic advantage over their brooding colleagues. This seems counterintuitive but is born out by evidence. Service was especially poor and rude in former communist countries. Today, American companies from McDonald's to K-Mart, much maligned by the press, are teaching benevolent business practices to Third World nations from Africa to the Orient. Mr. Mueller also makes the interesting point that economics is approaching a level of sophistication similar to medicine at the turn of the twentieth century. Today, for the first time ever, economists can offer truly effective remedies for policy makers. Such a development, if true, promises an era of truly spectacular growth. The author also makes the sobering point that capitalism is a poor tonic for increasing personal happiness. Money has never substituted for family, faith, and meaningful work. Nor will it in the future. When it comes to democracy, Mr. Mueller believes that we expect too much from our political process. The 1994 health care debate, to some commentators, is an example of our failed democracy. In contrast, Mr. Mueller suggests that this episode proves the resiliency of our institutions. Legislation was proposed and debated, constituencies were mobilized and addressed, and the outcome was largely favorable. Democracy can be messy but it is incredibly responsive and self-correcting. It is the only political system that provides the average citizen with the instruments of political power. As more and more nations embrace the virtue of capitalism and democracy, colossal progress can be made in alleviating poverty, ensuring human rights, and achieving self-actualization. There is no realistic alternative to democracy or capitalism on the horizon. Nor should we want one.

This book should be in every poly sci class

If a friend told me that he was flying to a deserted island in the South Pacific and starting a new country, first I would tell him he was crazy. Next, I would give him this book, insist that he read it, and use it as a blueprint for a successful society. Mr. Mueller's book is an excellent defense of both capitalism and democracy, the twin pillars of our American society. The author points out that while neither system is perfect, both are superior to any other economic method or political institution. His book is filled with interesting facts and fascinating insights. For example, Mr. Mueller insists that capitalism, far from extinguishing virtue, actually encourages it. This is because businessmen who treat their customers and co-workers with fairness and compassion have an economic advantage over their brooding colleagues. This seems counterintuitive but is born out by evidence. Service was especially poor and rude in former communist countries. Today, American companies from McDonald's to K-Mart, much maligned by the press, are teaching benevolent business practices to Third World nations from Africa to the Orient. Mr. Mueller also makes the interesting point that economics is approaching a level of sophistication similar to medicine at the turn of the twentieth century. Today, for the first time ever, economists can offer truly effective remedies for policy makers. Such a development, if true, promises an era of truly spectacular growth. The author also makes the sobering point that capitalism is a poor tonic for increasing personal happiness. Money has never substituted for family, faith, and meaningful work. Nor will it in the future. When it comes to democracy, Mr. Mueller believes that we expect too much from our political process. The 1994 health care debate, to some commentators, is an example of our failed democracy. In contrast, Mr. Mueller suggests that this episode proves the resiliency of our institutions. Legislation was proposed and debated, constituencies were mobilized and addressed, and the outcome was largely favorable. Democracy can be messy but it is incredibly responsive and self-correcting. It is the only political system that provides the average citizen with the instruments of political power. As more and more nations embrace the virtue of capitalism and democracy, colossal progress can be made in alleviating poverty, ensuring human rights, and achieving self-actualization. There is no realistic alternative to democracy or capitalism on the horizon. Nor should we want one.

A Tremendous Read

This is a fine book and should receive much more attention. It's well researched, but accessible and entertaining. If you, like me, believe it's near paradise to live in a society where you can be left alone to live in relative comfort so long as you don't mind working for it, you'll love this book. If, on the other hand, you think that there was some prehistoric Shangrila, or that the constitution gurantees everyone a color TV and self esteem, don't bother unless you're prepared to learn something.