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This article argues that the Turkish economic elite - represented by the Turkish Industrialists' and Businessmen's Association (TÜSAD) - has preserved its liberal democratic stance despite tensions between the religious Justice and Development Party (AKP) and the secularist establishment. Although secular itself, large business maintained a moderate position in the conflict and has continued to push for democratization thanks, in part, to organizational factors that ensure consistency in the larger goals of the association. The article thus claims that studying business as organization rather than business as capital can help the comparative literature understand how entrepreneurs' commitment to democracy under capitalism can become long term.
