Democracy and Capitalism: the Twin Pillars of Peace
Words: 824 Pages: 3 6267Introduction In the aftermath of World War II, a notable trend emerged among affluent, liberal, democratic states: they rarely engaged in war with one another. This observation has given rise to two prominent theories in international relations: the democratic peace theory and the capitalist peace theory. The democratic peace theory suggests that democratic governance itself fosters peace, as it encourages cooperation among both leaders and citizens for mutual benefit. Meanwhile, the capitalist peace theory attributes international tranquility to the economic […]