Abstract

Liberalism sanctions both democracy and capitalism, but incorporating the two into a coherent intellectual system presents difficulties. The anti-foundational pragmatism of Richard Rorty offers a way to describe and defend a meaningful democratic capitalism while avoiding the problems that come from the more traditional liberal justification. Additionally, Rorty's rejection of the search for extra-human grounding of social and political arrangements suggests that democracy is entitled to a philosophical support that capitalism is not. A viable democratic capitalism therefore justifies its use of markets on the consent of the governed, rather than appeals to liberal notions of individualism, liberty, and property