The paper addresses two dimensions of the debate on social capital – the analytical concept of Robert Putnam and the way it may become interrelated with political concerns debated in public. It is argued that in Putnams' concept two dimensions of social capital – social bonds and civic commitment – are interrelated in a way that suggests that social capital is something like the basis for good policy making. Against this, the open interrelationship between the two is stressed: one does not only need ‘social capital to make democracy work’ (Putnam) but often more democratic politics in order to make social capital work.