The Politics Of National Capitalism

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The Politics of National Capitalism

The Politics of National Capitalism [Pdf/ePub] eBook ISBN-10: 027107373X
Publisher: Penn State Press
File Size: 1864 KB
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The Politics of National Capitalism by Book Resume:

In mid-twentieth-century Latin America there was a strong consensus between Left and Right—Communists working under the directives of the Third International, nationalists within the military interested in fostering industrialization, and populists—about the need to break away from the colonial legacies of the past and to escape from the constraints of the international capitalist system. Even though they disagreed about the desired end state, Argentines of all political stripes could agree on the need for economic independence and national sovereignty, which would be brought about through the efforts of a national bourgeoisie. James Brennan and Marcelo Rougier aim to provide a political history of this national bourgeoisie in this book. Deploying an eclectic methodology combining aspects of the “new institutionalism,” the “new economic history,” Marxist political economy, and deep research in numerous, rarely consulted archives into what they dub the “new business history,” the authors offer the first thorough, empirically based history of the national bourgeoisie’s peak association, the Confederación General Económica (CGE), and of the Argentine bourgeoisie’s relationship with the state. They also investigate the relationship of the bourgeoisie to Perón and the Peronist movement by studying the history of one industrial sector, the metalworking industry, and two regional economies—one primarily industrial, Córdoba, and another mostly agrarian, Chaco—with some attention to a third, Tucumán, a cane-cultivating and sugar-refining region sharing some features of both. While spanning three decades, the book concentrates most on the years of Peronist government, 1946–55 and 1973–76.

Varieties of Capitalism

Varieties of Capitalism [Pdf/ePub] eBook ISBN-10: 0191530107
Author: Peter A. Hall,David Soskice
Publisher: OUP Oxford
File Size: 1059 KB
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Read Count: 2174970


Varieties of Capitalism by Peter A. Hall,David Soskice Book Resume:

What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offers new explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as to many others with interests in international relations, social policy-making, and the law.

The Political Economy of Low Carbon Transformation

The Political Economy of Low Carbon Transformation [Pdf/ePub] eBook ISBN-10: 1317596374
Author: Harold Wilhite
Publisher: Routledge
File Size: 1350 KB
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The Political Economy of Low Carbon Transformation by Harold Wilhite Book Resume:

Deep reductions in energy use and carbon emissions will not be possible within political economies that are driven by the capitalist imperatives of growth, commodification and individualization. As such, it has now become necessary to understand the relationship between capitalism and the emergence of high energy habits. Using the examples of home energy, transport and food, The Political Economy of Low Carbon Transformation articulates the relationship between the politics of economic expansion and the formation of high-energy habits at the level of family and household. The book elaborates a theory of habit and how it can contribute to this relationship. It critiques mainstream green economy and green energy prescriptions for low carbon transformation that take economic growth for granted and ignore habits formed in a material world designed and built for high energy use. The book explores the growing number of communities around the world that are engaged in collaborative efforts to reform their community and household habits in ways that are less environmentally intrusive. It assesses their potential to make an impact on national and urban low carbon political agendas. The book is aimed at a large and growing interdisciplinary audience interested in the relationship between political economy, consumption and sustainability.

The Crisis and Renewal of U.S. Capitalism

The Crisis and Renewal of U.S. Capitalism [Pdf/ePub] eBook ISBN-10: 1317439112
Author: Laurence Cossu-Beaumont,Jacques-Henri Coste,Jean-Baptiste Velut
Publisher: Routledge
File Size: 657 KB
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Read Count: 6430524


The Crisis and Renewal of U.S. Capitalism by Laurence Cossu-Beaumont,Jacques-Henri Coste,Jean-Baptiste Velut Book Resume:

Despite the reversal of America’s fortune from the triumphalism of the Roaring Nineties to the gloom of the lost decade and the Great Depression, theoretical conceptions of US capitalism have remained surprisingly unchanged. In fact, if the crisis questioned the sustainability of the US capitalist paradigm, it did not fundamentally challenge academic theorization of American political economy. This book departs from the American political economy literature to identify three common myths that have shaped our conceptualization of US capitalism: its reduction to a state-market dyad dis-embedded from societal factors; the illusion of a weak state and the synchronic conception of the US variety of capitalism. To remedy these pitfalls, the authors propose a civilizational approach to American political economy at the crossroads between cultural studies, history, sociology and political science. Drawing together contributions from a rich variety of fields (from geography to cultural studies, political science and sociology) this work sheds a new light on America’s "cultural political economy" combining theoretical reflection with empirical data and offering innovative perspectives on the crisis and renewal of American capitalism.

State Capitalism

State Capitalism [Pdf/ePub] eBook ISBN-10: 0199385726
Author: Joshua Kurlantzick
Publisher: Oxford University Press
File Size: 1671 KB
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State Capitalism by Joshua Kurlantzick Book Resume:

The end of the Cold War ushered in an age of American triumphalism best characterized by the "Washington Consensus:" the idea that free markets, democratic institutions, limitations on government involvement in the economy, and the rule of law were the foundations of prosperity and stability. The last fifteen years, starting with the Asian financial crisis, have seen the gradual erosion of that consensus. Many commentators have pointed to the emergence of a powerful new rival model: state capitalism. In state capitalist regimes, the government typically owns firms in strategic industries. Not beholden to private-sector shareholders, such firms are allowed to operate with razor-thin margins if the state deems them strategically important. China, soon to be the world's largest economy, is the best known state capitalist regime, but it is hardly the only one. In State Capitalism, Joshua Kurlantzick ranges across the world--China, Thailand, Brazil, Russia, South Africa, Turkey, and more--and argues that the increase in state capitalism across the globe has, on balance, contributed to a decline in democracy. He isolates some of the reasons for state capitalism's resurgence: the fact that globalization favors economies of scale in the most critical industries, and the widespread rejection of the Washington Consensus in the face of the problems that have plagued the world economy in recent years. That said, a number of democratic nations have embraced state capitalism, and in those regimes, state-backed firms like Brazil's Embraer have enjoyed considerable success. Kurlantzick highlights the mixed record and the evolving nature of the model, yet he is more concerned about the negative effects of state capitalism. When states control firms, whether in democratic or authoritarian regimes, the government increases its advantage over the rest of society. The combination of new technologies, the perceived failures of liberal economics and democracy in many developing nations, the rise of modern kinds of authoritarians, and the success of some of the best-known state capitalists have created an era ripe for state intervention. State Capitalism offers the sharpest analysis yet of what state capitalism's emergence means for democratic politics around the world.

The End of the Free Market

The End of the Free Market [Pdf/ePub] eBook ISBN-10: 1101429453
Author: Ian Bremmer
Publisher: Penguin
File Size: 1879 KB
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The End of the Free Market by Ian Bremmer Book Resume:

Understanding the rise of state capitalism and its threat to global free markets The End of the Free Market details the growing phenomenon of state capitalism, a system in which governments drive local economies through ownership of market-dominant companies and large pools of excess capital, using them for political gain. This trend threatens America's competitive edge and the conduct of free markets everywhere. An expert on the intersection of economics and politics, Ian Bremmer has followed the rise of state-owned firms in China, Russia, the Arab states of the Persian Gulf, Iran, Venezuela, and elsewhere. He demonstrates the growing challenge that state capitalism will pose for the entire global economy. Among the questions addressed: Are we on the brink of a new kind of Cold War, one that pits competing economic systems in a battle for dominance? Can free market countries compete with state capitalist powerhouses over relations with countries that have elements of both systems-like India, Brazil, and Mexico? Does state capitalism have staying power? This guide to the next big global economic trend includes useful insights for investors, business leaders, policymakers, and anyone who wants to understand important emerging changes in international politics and the global economy.

The Oxford Handbook of Political Economy

The Oxford Handbook of Political Economy [Pdf/ePub] eBook ISBN-10: 0191563404
Author: Barry R. Weingast,Donald Wittman
Publisher: Oxford University Press
File Size: 660 KB
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Read Count: 9587734


The Oxford Handbook of Political Economy by Barry R. Weingast,Donald Wittman Book Resume:

Over its long lifetime, "political economy" has had many different meanings: the science of managing the resources of a nation so as to provide wealth to its inhabitants for Adam Smith; the study of how the ownership of the means of production influenced historical processes for Marx; the study of the inter-relationship between economics and politics for some twentieth-century commentators; and for others, a methodology emphasizing individual rationality (the economic or "public choice" approach) or institutional adaptation (the sociological version). This Handbook views political economy as a grand (if imperfect) synthesis of these various strands, treating political economy as the methodology of economics applied to the analysis of political behavior and institutions. This Handbook surveys the field of political economy, with 58 chapters ranging from micro to macro, national to international, institutional to behavioral, methodological to substantive. Chapters on social choice, constitutional theory, and public economics are set alongside ones on voters, parties and pressure groups, macroeconomics and politics, capitalism and democracy, and international political economy and international conflict.

Capitalism and Inequality

Capitalism and Inequality [Pdf/ePub] eBook ISBN-10: 1000283887
Author: G.P. Manish,Stephen C. Miller
Publisher: Routledge
File Size: 1415 KB
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Read Count: 1040612


Capitalism and Inequality by G.P. Manish,Stephen C. Miller Book Resume:

Capitalism and Inequality rejects the popular view that attributes the recent surge in inequality to a failure of market institutions. Bringing together new and original research from established scholars, it analyzes the inequality inherent in a free market from an economic and historical perspective. In the process, the question of whether the recent increase in inequality is the result of crony capitalism and government intervention is explored in depth. The book features sections on theoretical perspectives on inequality, the political economy of inequality, and the measurement of inequality. Chapters explore several key questions such as the difference between the effects of market-driven inequality and the inequality caused by government intervention; how the inequality created by regulation affects those who are less well-off; and whether the economic growth that accompanies market-driven inequality always benefits an elite minority while leaving the vast majority behind. The main policy conclusions that emerge from this analysis depart from those that are currently popular. The authors in this book argue that increasing the role of markets and reducing the extent of regulation is the best way to lower inequality while ensuring greater material well-being for all sections of society. This key text makes an invaluable contribution to the literature on inequality and markets and is essential reading for students, scholars, and policymakers.

Variegated Neoliberalism

Variegated Neoliberalism [Pdf/ePub] eBook ISBN-10: 113686282X
Author: Huw Macartney
Publisher: Routledge
File Size: 636 KB
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Read Count: 6338924


Variegated Neoliberalism by Huw Macartney Book Resume:

We know from the cost of the 2007-09 crisis that transnational finance does not operate in a realm removed from our everyday lives. Variegated Neoliberalism explains why its inequalities persist and how they undermine more social-minded policies towards finance in the EU. The book suggests that large financial groups capitalize on broader changes in capitalism and emerging assumptions about what benefits society at large. Those pushing these political-economic projects present policy change to cope with financial globalization as a new common sense. Macartney's argument then contests these assumptions through an analysis of the spatial relations of transnational actors, and the political claims made within finance and research communities. Rather than relying on umbrella concepts like 'transnational capitalist class', Variegated Neoliberalism emphasises the national-domestic foundations for transnationalization and what we commonly understand as neoliberalism. The book provides comparative analyses of global and European banking communities, and economic research centres, in the UK, France, and Germany. It explains the constellations underpinning the current neoliberal order in global finance, and the realms of possibility for challenges to it.

Ages of American Capitalism

Ages of American Capitalism [Pdf/ePub] eBook ISBN-10: 0812995023
Author: Jonathan Levy
Publisher: Random House
File Size: 1449 KB
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Read Count: 2674633


Ages of American Capitalism by Jonathan Levy Book Resume:

A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point that will define the era ahead. “A monumental achievement, sure to become a classic.”—Zachary D. Carter, author of The Price of Peace In this ambitious single-volume history of the United States, economic historian Jonathan Levy reveals how capitalism in America has evolved through four distinct ages and how the country’s economic evolution is inseparable from the nature of American life itself. The Age of Commerce spans the colonial era through the outbreak of the Civil War, and the Age of Capital traces the lasting impact of the industrial revolution. The volatility of the Age of Capital ultimately led to the Great Depression, which sparked the Age of Control, during which the government took on a more active role in the economy, and finally, in the Age of Chaos, deregulation and the growth of the finance industry created a booming economy for some but also striking inequalities and a lack of oversight that led directly to the crash of 2008. In Ages of American Capitalism, Levy proves that capitalism in the United States has never been just one thing. Instead, it has morphed through the country’s history—and it’s likely changing again right now. “A stunning accomplishment . . . an indispensable guide to understanding American history—and what’s happening in today’s economy.”—Christian Science Monitor “The best one-volume history of American capitalism.”—Sven Beckert, author of Empire of Cotton

Market Liberalism and Economic Patriotism in the Capitalist World-System

Market Liberalism and Economic Patriotism in the Capitalist World-System [Pdf/ePub] eBook ISBN-10: 3030051862
Author: Tamás Gerőcs,Miklós Szanyi
Publisher: Springer
File Size: 1293 KB
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Read Count: 4559802


Market Liberalism and Economic Patriotism in the Capitalist World-System by Tamás Gerőcs,Miklós Szanyi Book Resume:

This volume broadens the scope of 'comparative capitalism' within the Varieties of Capitalism (VoC) tradition. It endorses the employment of multiple perspectives, including critical political economy, institutionalist systems of capitalism, structuralist-dependency scholarship and world-systems theory. The contributors deal with the theory of economic patriotism in a conceptual framework, as well as case studies regarding rent-seeking behaviour, the patronage state in Hungary and Poland, the conflict between national regulation and the European legal framework and the perspective of wage relations in the European institutional framework. The book concludes with the legacy of developmentalism and dirigisme in a core-periphery relation, based on the French state and a range of non-European cases including Iran, Brazil and Egypt.

The Political Economy of Hungary

The Political Economy of Hungary [Pdf/ePub] eBook ISBN-10: 3030105946
Author: Adam Fabry
Publisher: Springer
File Size: 890 KB
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Read Count: 276798


The Political Economy of Hungary by Adam Fabry Book Resume:

This book explores the political economy of Hungary from the mid-1970s to the present. Widely considered a ‘poster boy’ of neoliberal transformation in post-communist Eastern Europe until the mid-2000s, Hungary has in recent years developed into a model ‘illiberal’ regime. Constitutional checks-and-balances are non-functioning; the independent media, trade unions, and civil society groups are constantly attacked by the authorities; there is widespread intolerance against minorities and refugees; and the governing FIDESZ party, led by Prime Minister Viktor Orbán, controls all public institutions and increasingly large parts of the country’s economy. To make sense of the politico-economical roller coaster that Hungary has experienced in the last four decades, Fabry employs a Marxian political economy approach, emphasising competitive accumulation, class struggle (both between capital and labour, as well as different ‘fractions of capital’), and uneven and combined development. The author analyses the neoliberal transformation of the Hungarian political economy and argues that the drift to authoritarianism under the Orbán regime cannot be explained as a case of Hungarian exceptionalism, but rather represents an outcome of the inherent contradictions of the variety of neoliberalism that emerged in Hungary after 1989.

Capitalism, Alone

Capitalism, Alone [Pdf/ePub] eBook ISBN-10: 0674242866
Author: Branko Milanovic
Publisher: Harvard University Press
File Size: 1659 KB
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Read Count: 7451741


Capitalism, Alone by Branko Milanovic Book Resume:

For the first time in history, the globe is dominated by one economic system. Capitalism prevails because it delivers prosperity and meets desires for autonomy. But it also is unstable and morally defective. Surveying the varieties and futures of capitalism, Branko Milanovic offers creative solutions to improve a system that isn’t going anywhere.

Internalizing Globalization

Internalizing Globalization [Pdf/ePub] eBook ISBN-10: 0230524435
Author: Susanne Soederberg,Georg Menz,Philip G. Cerny
Publisher: Springer
File Size: 1236 KB
File Format: Pdf
Read Count: 1022719


Internalizing Globalization by Susanne Soederberg,Georg Menz,Philip G. Cerny Book Resume:

This book explores how a wide range of countries attempt to cope with the challenges of globalization. While the internalization of globalization proceeds in significantly different ways, there is a broad process of convergence taking place around the politics of neoliberalism and a more market-oriented version of capitalism. The book examines how distinct social structures, political cultures, patterns of party and interest group politics, classes, public policies, liberal democratic and authoritarian institutions, and the discourses that frame them, are being reshaped by political actors. Chapters cover national experiences from Europe and North America to Asia and Latin America (Chile, Mexico, and Peru).

The Making of Global Capitalism

The Making of Global Capitalism [Pdf/ePub] eBook ISBN-10: 1844679454
Author: Sam Gindin,Leo Panitch
Publisher: Verso Books
File Size: 1971 KB
File Format: Pdf
Read Count: 5587146


The Making of Global Capitalism by Sam Gindin,Leo Panitch Book Resume:

The all-encompassing embrace of world capitalism at the beginning of the twenty-first century was generally attributed to the superiority of competitive markets. Globalization had appeared to be the natural outcome of this unstoppable process. But today, with global markets roiling and increasingly reliant on state intervention to stay afloat, it has become clear that markets and states aren’t straightforwardly opposing forces. In this groundbreaking work, Leo Panitch and Sam Gindin demonstrate the intimate relationship between modern capitalism and the American state, including its role as an “informal empire” promoting free trade and capital movements. Through a powerful historical survey, they show how the US has superintended the restructuring of other states in favor of competitive markets and coordinated the management of increasingly frequent financial crises. The Making of Global Capitalism, through its highly original analysis of the first great economic crisis of the twenty-first century, identifies the centrality of the social conflicts that occur within states rather than between them. These emerging fault lines hold out the possibility of new political movements transforming nation states and transcending global markets.

State Capitalism In Eurasia

State Capitalism In Eurasia [Pdf/ePub] eBook ISBN-10: 9813149396
Author: Spechler Martin C,Ahrens Joachim,Hoen Herman W
Publisher: World Scientific
File Size: 839 KB
File Format: Pdf
Read Count: 4159417


State Capitalism In Eurasia by Spechler Martin C,Ahrens Joachim,Hoen Herman W Book Resume:

This is the first book to specify the type of economic system that has arisen in Central Asia, replacing the simplistic ideas of "petro-state" or "resource dependent." The book presents three types of state capitalism now established in the former Soviet Union states of Eurasia — crony, dual-sector, and predatory capitalism. It provides first-hand research based on extensive interviewing in the native languages in five of the six. From the political economic perspective, it surveys the source of resources for these authoritarian regimes, their decision-making, and the disposition of government funds, including corruption.

Political Governance of Capitalism

Political Governance of Capitalism [Pdf/ePub] eBook ISBN-10: 1781006199
Author: Helmut Willke,Gerhard Willke
Publisher: Edward Elgar Publishing
File Size: 1066 KB
File Format: Pdf
Read Count: 1488698


Political Governance of Capitalism by Helmut Willke,Gerhard Willke Book Resume:

The global financial crisis has uncovered disastrous gaps in the governance of capitalism. This timely book argues for encompassing and intelligent forms of political governance of capitalism to mitigate against the possibility of future global systemic risk. This path-breaking book highlights that systemic risks emerge from a globally operating financial industry that is not only disconnected from the real economy but also allowed to hide in 'shadow banking' practices. Governance based on national regimes fails to cover 'finance-led' global capitalism. The authors argue that the risk of systemic meltdown will reappear unless intelligent governance regimes are installed, combining legally binding rules and civil society pressures to restore the balance between risk-taking and accountability. They illustrate the goal is 'resilient' capitalism in which the rules of the game are set by politics and knowledge-based discourse. Political Governance of Capitalism will prove invaluable for graduate and post-graduate students interested in economy, political science, political economy, globalization, global governance, sociology, and financial sciences.

Carceral Capitalism

Carceral Capitalism [Pdf/ePub] eBook ISBN-10: 1635900352
Author: Jackie Wang
Publisher: MIT Press
File Size: 961 KB
File Format: Pdf
Read Count: 1303736


Carceral Capitalism by Jackie Wang Book Resume:

Essays on the contemporary continuum of incarceration: the biopolitics of juvenile delinquency, predatory policing, the political economy of fees and fines, and algorithmic policing. What we see happening in Ferguson and other cities around the country is not the creation of livable spaces, but the creation of living hells. When people are trapped in a cycle of debt it also can affect their subjectivity and how they temporally inhabit the world by making it difficult for them to imagine and plan for the future. What psychic toll does this have on residents? How does it feel to be routinely dehumanized and exploited by the police? —from Carceral Capitalism In this collection of essays in Semiotext(e)'s Intervention series, Jackie Wang examines the contemporary incarceration techniques that have emerged since the 1990s. The essays illustrate various aspects of the carceral continuum, including the biopolitics of juvenile delinquency, predatory policing, the political economy of fees and fines, cybernetic governance, and algorithmic policing. Included in this volume is Wang's influential critique of liberal anti-racist politics, “Against Innocence,” as well as essays on RoboCop, techno-policing, and the aesthetic problem of making invisible forms of power legible. Wang shows that the new racial capitalism begins with parasitic governance and predatory lending that extends credit only to dispossess later. Predatory lending has a decidedly spatial character and exists in many forms, including subprime mortgage loans, student loans for sham for-profit colleges, car loans, rent-to-own scams, payday loans, and bail bond loans. Parasitic governance, Wang argues, operates through five primary techniques: financial states of exception, automation, extraction and looting, confinement, and gratuitous violence. While these techniques of governance often involve physical confinement and the state-sanctioned execution of black Americans, new carceral modes have blurred the distinction between the inside and outside of prison. As technologies of control are perfected, carcerality tends to bleed into society.

A Political Economy of Contemporary Capitalism and its Crisis

A Political Economy of Contemporary Capitalism and its Crisis [Pdf/ePub] eBook ISBN-10: 1135037914
Author: Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras
Publisher: Routledge
File Size: 644 KB
File Format: Pdf
Read Count: 2545967


A Political Economy of Contemporary Capitalism and its Crisis by Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras Book Resume:

The recent financial meltdown and the resulting global recession have rekindled debates regarding the nature of contemporary capitalism. This book analyses the ongoing financialization of the economy as a development within capitalism, and explores the ways in which it has changed the organization of capitalist power. The authors offer an interpretation of the role of the financial sphere which displays a striking contrast to the majority of contemporary heterodox approaches. Their interpretation stresses the crucial role of financial derivatives in the contemporary organization of capitalist power relations, arguing that the process of financialization is in fact entirely unthinkable in the absence of derivatives. The book also uses Marx’s concepts and some of the arguments developed in the framework of the historic Marxist controversies on economic crises in order to gain an insight into the modern neoliberal form of capitalism and the recent financial crisis. Employing a series of international case studies, this book will be essential reading for all those with an interest in the financial crisis, and all those seeking to comprehend the workings of capitalism.

Can Democracy Survive Global Capitalism?

Can Democracy Survive Global Capitalism? [Pdf/ePub] eBook ISBN-10: 0393609960
Author: Robert Kuttner
Publisher: W. W. Norton & Company
File Size: 1922 KB
File Format: Pdf
Read Count: 2783270


Can Democracy Survive Global Capitalism? by Robert Kuttner Book Resume:

One of our leading social critics recounts capitalism’s finest hour, and shows us how we might achieve it once again. In the past few decades, the wages of most workers have stagnated, even as productivity increased. Social supports have been cut, while corporations have achieved record profits. Downward mobility has produced political backlash. What is going on? Can Democracy Survive Global Capitalism? argues that neither trade nor immigration nor technological change is responsible for the harm to workers’ prospects. According to Robert Kuttner, global capitalism is to blame. By limiting workers’ rights, liberating bankers, allowing corporations to evade taxation, and preventing nations from assuring economic security, raw capitalism strikes at the very foundation of a healthy democracy. The resurgence of predatory capitalism was not inevitable. After the Great Depression, the U.S. government harnessed capitalism to democracy. Under Roosevelt’s New Deal, labor unions were legalized, and capital regulated. Well into the 1950s and ’60s, the Western world combined a thriving economy with a secure and growing middle class. Beginning in the 1970s, as deregulated capitalism regained the upper hand, elites began to dominate politics once again; policy reversals followed. The inequality and instability that ensued would eventually, in 2016, cause disillusioned voters to support far-right faux populism. Is today’s poisonous alliance of reckless finance and ultranationalism inevitable? Or can we find the political will to make capitalism serve democracy, and not the other way around? Charting a plan for bold action based on political precedent, Can Democracy Survive Global Capitalism? is essential reading for anyone eager to reverse the decline of democracy in the West.