Quoted By:
[ Capitalism, WAO’s I. Principle ]
WAO’s and its members’ definitions of capitalism and democratism must conform to the definitions of existing capitalist democracies. It means that WAO’s and its members’ concepts about capitalism and democracy must be according not to the theories or ideologies of an idealistic democracy or idealistic capitalism, but to the design and institutes of existing capitalist democracies.
It comes from the fact that modern capitalist democracy is not a creature of a political theory or an ideology, but the historical development of social and political progress, it implicitly covers a wide variety of forms of government.
In other words, capitalist democracy in our day is the aggregation of laws, institutes, and political practices, it is very difficult to be simplified and defined purely theoretically.