If one has to say something brief and short about a large and complex subject, which is also a much discussed topic, one always runs the risk of stating the obvious. But one may also chance upon the unexpected and the counter-intuitive. Problems of democracy under capitalism and under socialism have by now a ring of tiring familiarity around them, but they also contain surprises that are hidden in plain sight. While fixing my coordinates by recounting the obvious, my hope is to point towards aspects that may be counter-intuitive to the political common sense prevalent in much of the left and the social movements.

 Let me begin with the status of democracy under capitalism. Popular mind considers them complementary to each other. Ancients – whether in Greece or in India – were familiar with the concept of democracy and, at least in some famous examples, they are also supposed to have practiced it. But the large-scale acceptance and practice of democracy overlaps with the history of capitalism. In addition, the history of socialism of the twentieth century has been such that this association got further entrenched in the popular mind. I will come to the socialism question a little later. For now, let me stay with the relationship between democracy and capitalism.