Reopening the Black Box of Capitalist Dictatorship: Indicators and Aggregate Indexes for OECD Countries

Milan Zafirovski ()
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Milan Zafirovski: University of North Texas

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2020, vol. 151, issue 3, No 8, 943-979

Abstract: Abstract This paper centers on the problem of capitalist dictatorship or its equivalents. It first constructs an aggregate index of capitalist dictatorship by combining its multiple indicators and proxies. Next, it calculates aggregate indexes of capitalist dictatorship for 36 OECD countries and rank these in these terms and conversely in respect of economic-political democracy. In addition, it estimates the effect of groups of contemporary societies or types of capitalism on capitalist dictatorship. Based on the findings of an exploratory analysis the paper infers that Western and comparable societies show large and systematic variations in their degrees of capitalist dictatorship. It concludes that the societal type of uncoordinated and inegalitarian, including oligarchic and plutocratic, capitalism is the man determinant and predictor of capitalist dictatorship today. The paper intends to contribute to understanding and predicting recent as well as long-term economic, political and other social processes among contemporary capitalist societies.

Keywords: Capitalism; Capitalist dictatorship; Democracy; OECD; Power; Wealth (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/s11205-020-02407-7

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