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SOSC 1520 9.0 Markets & Democracy

Assignment 3: Reading questions

Readings:

Martin Wolf (2016). “Democratic capitalism is in peril”, Financial Times, 31st August, 2016.

Helen Milner (2021). “Is global capitalism compatible with democracy? Inequality, insecurity, and interdependence”, International Studies Quarterly.

Weight: 5% of course grade

Due date: Friday, 8th October

Instructions to students:

- answer each of the following questions as clearly and concisely;

- do not write anything which is not relevant to the question;

- keep within the word limit given in brackets after each question; you should be able to answer a question within that limit easily, so do not use the word limit as a target number of words;

- make sure that you write in full and grammatically correct sentences;

- each question refers to one of the texts for this week, though the texts do not have page numbers, so if you wish to cite a text in your answers, you should do this by providing a reference in brackets, e.g., (Wolf 2016).

1) What, according to Martin Wolf, are some features of liberal democracy? (1 mark) (word limit: 25)

2) What, according to Wolf, has played a role in legitimising capitalism in the past? (1 mark) (word limit: 25)

3) Helen Milner uses the term “illiberal democracy”; what are the hallmarks of illiberal democracies? (1 mark) (word limit: 50)

4) Helen Milner uses the term “populism”; describe the characteristics of populism (2 marks) (word limit: 100).