Governance: All Power to Capital Birgül Ayman Güler This paper critically evaluates the concept of “governance” which gained considerable importance since the 1990’s both in the literature of social sciences and in almost all fields of public administration. In this analysis the way in which the term is defined by international organizations and by the official documents in Turkey is considered as well as its use in the academic literature. It is concluded that governance is a “participatory” but an “anti democratic” formula since it reconstructs the balance of classes in favour of capital. It is observed that governance, which suggests the deprivation of labouring classes from the instruments and means of social struggle, leads to reasserting the interests of capital as the general interest of society.