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Capitalist Democracy On Trial
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Book Synopsis Capitalist Democracy on Trial by : Dennis Smith
Download or read book Capitalist Democracy on Trial written by Dennis Smith and published by Taylor & Francis. This book was released on 2022-10-15 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1990, Capitalist Democracy on Trial explores the long transatlantic debate on capitalist democracy. It examines the conflicting verdicts of writers and politicians in the USA and Europe. The first section focuses on democracy and the rise of big business. It discusses the views of Tocqueville, Mill, Carnegie, Chamberlain, Bryce, Ostrogorski, Veblen and Hobson. The second section covers capitalism and the rise of ‘big government’. The writers represented are Laski, Lasswell, Hayek, Schumpeter, Galbraith, Friedman, Miliband, Brittan, Piven, and Cloward. Using a historical and comparative framework Dennis Smith argues that the transatlantic debate on capitalist democracy has passed through three phases. By World War I the early nineteenth century ideology of ‘participation’ had been replaced by a conception of capitalist democracy as ‘manipulation’. Between the wars this was superseded by an ideology of ‘regulation’. Then the drift has been towards the need for ‘conservation’. His systematic approach demonstrate the dynamics of an unfolding debate and combines theoretical insight with clarity of exposition. This book will be an invaluable text for students of political science, sociology, social theory, and the history of political economy.
Book Synopsis The Crisis of Capitalist Democracy by : Richard A. Posner
Download or read book The Crisis of Capitalist Democracy written by Richard A. Posner and published by Harvard University Press. This book was released on 2010-01-01 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following up on his timely and well-received book, A Failure of Capitalism, Richard Posner steps back to take a longer view of the continuing crisis of democratic capitalism as the American and world economies crawl gradually back from the depths to which they had fallen in the autumn of 2008 and the winter of 2009. By means of a lucid narrative of the crisis and a series of analytical chapters pinpointing critical issues of economic collapse and gradual recovery, Posner helps non-technical readers understand business-cycle and financial economics, and financial and governmental institutions, practices, and transactions, while maintaining a neutrality impossible for persons professionally committed to one theory or another. He calls for fresh thinking about the business cycle that would build on the original ideas of Keynes. Central to these ideas is that of uncertainty as opposed to risk. Risk can be quantified and measured. Uncertainty cannot, and in this lies the inherent instability of a capitalist economy. As we emerge from the financial earthquake, a deficit aftershock rumbles. It is in reference to that potential aftershock, as well as to the government's stumbling efforts at financial regulatory reform, that Posner raises the question of the adequacy of our democratic institutions to the economic challenges heightened by the greatest economic crisis since the Great Depression. The crisis and the government's energetic response to it have enormously increased the national debt at the same time that structural defects in the American political system may make it impossible to pay down the debt by any means other than inflation or devaluation.
Book Synopsis The Age of Surveillance Capitalism by : Shoshana Zuboff
Download or read book The Age of Surveillance Capitalism written by Shoshana Zuboff and published by PublicAffairs. This book was released on 2019-01-15 with total page 683 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenges to humanity posed by the digital future, the first detailed examination of the unprecedented form of power called "surveillance capitalism," and the quest by powerful corporations to predict and control our behavior. In this masterwork of original thinking and research, Shoshana Zuboff provides startling insights into the phenomenon that she has named surveillance capitalism. The stakes could not be higher: a global architecture of behavior modification threatens human nature in the twenty-first century just as industrial capitalism disfigured the natural world in the twentieth. Zuboff vividly brings to life the consequences as surveillance capitalism advances from Silicon Valley into every economic sector. Vast wealth and power are accumulated in ominous new "behavioral futures markets," where predictions about our behavior are bought and sold, and the production of goods and services is subordinated to a new "means of behavioral modification." The threat has shifted from a totalitarian Big Brother state to a ubiquitous digital architecture: a "Big Other" operating in the interests of surveillance capital. Here is the crucible of an unprecedented form of power marked by extreme concentrations of knowledge and free from democratic oversight. Zuboff's comprehensive and moving analysis lays bare the threats to twenty-first century society: a controlled "hive" of total connection that seduces with promises of total certainty for maximum profit -- at the expense of democracy, freedom, and our human future. With little resistance from law or society, surveillance capitalism is on the verge of dominating the social order and shaping the digital future -- if we let it.
Book Synopsis Democracy and Prosperity by : Torben Iversen
Download or read book Democracy and Prosperity written by Torben Iversen and published by Princeton University Press. This book was released on 2020-11-03 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. This book, written by two of the world's leading political economists, argues this view is wrong: advanced democracies are resilient, and their enduring historical relationship with capitalism has been mutually beneficial. For all the chaos and upheaval over the past century--major wars, economic crises, massive social change, and technological revolutions--Torben Iversen and David Soskice show how democratic states continuously reinvent their economies through massive public investment in research and education, by imposing competitive product markets and cooperation in the workplace, and by securing macroeconomic discipline as the preconditions for innovation and the promotion of the advanced sectors of the economy. Critically, this investment has generated vast numbers of well-paying jobs for the middle classes and their children, focusing the aims of aspirational families, and in turn providing electoral support for parties. Gains at the top have also been shared with the middle (though not the bottom) through a large welfare state. Contrary to the prevailing wisdom on globalization, advanced capitalism is neither footloose nor unconstrained: it thrives under democracy precisely because it cannot subvert it. Populism, inequality, and poverty are indeed great scourges of our time, but these are failures of democracy and must be solved by democracy.
Book Synopsis Supercapitalism by : Robert B. Reich
Download or read book Supercapitalism written by Robert B. Reich and published by Vintage. This book was released on 2007-09-04 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: From one of America's foremost economic and political thinkers comes a vital analysis of our new hypercompetitive and turbo-charged global economy and the effect it is having on American democracy. With his customary wit and insight, Reich shows how widening inequality of income and wealth, heightened job insecurity, and corporate corruption are merely the logical results of a system in which politicians are more beholden to the influence of business lobbyists than to the voters who elected them. Powerful and thought-provoking, Supercapitalism argues that a clear separation of politics and capitalism will foster an enviroment in which both business and government thrive, by putting capitalism in the service of democracy, and not the other way around.
Book Synopsis Political Economy of Modern Capitalism by : Colin Crouch
Download or read book Political Economy of Modern Capitalism written by Colin Crouch and published by SAGE. This book was released on 1997-10-10 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neoliberalism and deregulation have come to dominate national and international political economy. This major book addresses this convergence and analyzes the implications for the future of capitalist diversity. It considers important questions such as: Is the preference for free markets a well-founded response to intensified global competition? Does this mean that all advanced societies must all converge on an imitation of the United States? What are the implications for the institutional diversity of the advanced economies? Political Economy of Modern Capitalism provides a practical and informed analysis of the public policy choices facing governments and business around the world.
Book Synopsis Democratic Socialism On Trial by : Germinal G Van
Download or read book Democratic Socialism On Trial written by Germinal G Van and published by . This book was released on 2019-08-05 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Democratic Socialism is a political philosophy that advocates achieving socialist goals within a democratic system as opposed to what it perceives as undemocratic socialist ideologies such as Marxist-Leninist-inspired socialism which is viewed as being non-democratic in practice. In the United States, the ideology has substantially grown and began to be considered as the main alternative to a "ruthless" capitalistic ideal in America. If Socialism as an alternative regime failed to sustain and resist capitalism within the fall of the Berlin Wall and the dissolution of the Soviet Union, it is certain that democratic socialism will also disappoint human nature. The purpose of this book is to explain the reasons why Democratic Socialism is inapplicable in the United States as an effective and practical political regime.
Book Synopsis Capitalism on Edge by : Albena Azmanova
Download or read book Capitalism on Edge written by Albena Azmanova and published by Columbia University Press. This book was released on 2020-01-14 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The wake of the financial crisis has inspired hopes for dramatic change and stirred visions of capitalism’s terminal collapse. Yet capitalism is not on its deathbed, utopia is not in our future, and revolution is not in the cards. In Capitalism on Edge, Albena Azmanova demonstrates that radical progressive change is still attainable, but it must come from an unexpected direction. Azmanova’s new critique of capitalism focuses on the competitive pursuit of profit rather than on forms of ownership and patterns of wealth distribution. She contends that neoliberal capitalism has mutated into a new form—precarity capitalism—marked by the emergence of a precarious multitude. Widespread economic insecurity ails the 99 percent across differences in income, education, and professional occupation; it is the underlying cause of such diverse hardships as work-related stress and chronic unemployment. In response, Azmanova calls for forging a broad alliance of strange bedfellows whose discontent would challenge not only capitalism’s unfair outcomes but also the drive for profit at its core. To achieve this synthesis, progressive forces need to go beyond the old ideological certitudes of, on the left, fighting inequality and, on the right, increasing competition. Azmanova details reforms that would enable a dramatic transformation of the current system without a revolutionary break. An iconoclastic critique of left orthodoxy, Capitalism on Edge confronts the intellectual and political impasses of our time to discern a new path of emancipation.
Book Synopsis States and Power by : Richard Lachmann
Download or read book States and Power written by Richard Lachmann and published by John Wiley & Sons. This book was released on 2013-04-26 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: States over the past 500 years have become the dominant institutions on Earth, exercising vast and varied authority over the economic well-being, health, welfare, and very lives of their citizens. This concise and engaging book explains how power became centralized in states at the expense of the myriad of other polities that had battled one another over previous millennia. Richard Lachmann traces the contested and historically contingent struggles by which subjects began to see themselves as citizens of nations and came to associate their interests and identities with states, and explains why the civil rights and benefits they achieved, and the taxes and military service they in turn rendered to their nations, varied so much. Looking forward, Lachmann examines the future in store for states: will they gain or lose strength as they are buffeted by globalization, terrorism, economic crisis and environmental disaster? This stimulating book offers a comprehensive evaluation of the social science literature that addresses these issues and situates the state at the center of the world history of capitalism, nationalism and democracy. It will be essential reading for scholars and students across the social and political sciences.
Download or read book State of Crisis written by Zygmunt Bauman and published by John Wiley & Sons. This book was released on 2014-07-17 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today we hear much talk of crisis and comparisons are often made with the Great Depression of the 1930s, but there is a crucial difference that sets our current malaise apart from the 1930s: today we no longer trust in the capacity of the state to resolve the crisis and to chart a new way forward. In our increasingly globalized world, states have been stripped of much of their power to shape the course of events. Many of our problems are globally produced but the volume of power at the disposal of individual nation-states is simply not sufficient to cope with the problems they face. This divorce between power and politics produces a new kind of paralysis. It undermines the political agency that is needed to tackle the crisis and it saps citizens’ belief that governments can deliver on their promises. The impotence of governments goes hand in hand with the growing cynicism and distrust of citizens. Hence the current crisis is at once a crisis of agency, a crisis of representative democracy and a crisis of the sovereignty of the state. In this book the world-renowned sociologist Zygmunt Bauman and fellow traveller Carlo Bordoni explore the social and political dimensions of the current crisis. While this crisis has been greatly exacerbated by the turmoil following the financial crisis of 2007-8, Bauman and Bordoni argue that the crisis facing Western societies is rooted in a much more profound series of transformations that stretch back further in time and are producing long-lasting effects. This highly original analysis of our current predicament by two of the world’s leading social thinkers will be of interest to a wide readership.
Book Synopsis Saving Capitalism by : Robert B. Reich
Download or read book Saving Capitalism written by Robert B. Reich and published by Vintage. This book was released on 2015-09-29 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the author of Aftershock and The Work of Nations, his most important book to date—a myth-shattering breakdown of how the economic system that helped make America so strong is now failing us, and what it will take to fix it. Perhaps no one is better acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and influence have created a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the “free market” is, and how it has masked the power of moneyed interests to tilt the market to their benefit. Reich exposes the falsehoods that have been bolstered by the corruption of our democracy by huge corporations and the revolving door between Washington and Wall Street: that all workers are paid what they’re “worth,” that a higher minimum wage equals fewer jobs, and that corporations must serve shareholders before employees. He shows that the critical choices ahead are not about the size of government but about who government is for: that we must choose not between a free market and “big” government but between a market organized for broadly based prosperity and one designed to deliver the most gains to the top. Ever the pragmatist, ever the optimist, Reich sees hope for reversing our slide toward inequality and diminished opportunity when we shore up the countervailing power of everyone else. Passionate yet practical, sweeping yet exactingly argued, Saving Capitalism is a revelatory indictment of our economic status quo and an empowering call to civic action.
Book Synopsis Disruptive Democracy by : Peter Bloom
Download or read book Disruptive Democracy written by Peter Bloom and published by SAGE Publications Limited. This book was released on 2019-04-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do new “smart” technologies such as AI, robotics, social media, and automation threaten to disrupt our society? Or does technological innovation hold the potential to transform our democracies and civic societies, creating ones that are more egalitarian and accountable? Disruptive Democracy explores these questions and examines how technology has the power to reshape our civic participation, our economic and political governance, and our entire existence. In this innovative study, the authors use international examples such as Trump’s America, and Bolsonaro’s recent election as President of Brazil, to lead the discussion on perhaps the most profound political struggle of the 21st century, the coming clash between a progressive “Techno-democracy” and a regressive “Techno-populism”.
Book Synopsis The Great Deformation by : David Stockman
Download or read book The Great Deformation written by David Stockman and published by Public Affairs. This book was released on 2013-04-02 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt: A former Michigan congressman and member of the Reagan administration describes how interference in the financial markets has contributed to the national debt and has damaging and lasting repercussions.
Book Synopsis Deliberative Democracy by : Ian O'Flynn
Download or read book Deliberative Democracy written by Ian O'Flynn and published by John Wiley & Sons. This book was released on 2021-09-27 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, deliberative democracy is the most widely discussed theory of democracy. Its proponents argue that important decisions of law and policy should ideally turn not on the force of numbers but on the force of the better argument. However, it continues to strike some as little more than wishful thinking. In this new book, Ian O’Flynn examines how the concept has developed over recent decades, the family disagreements which have emerged, and the criticisms that have been levelled at it. Grappling with the familiar charge that ordinary people lack the motivation and capacity for meaningful deliberation, O’Flynn considers the example of deliberative polls and citizens’ assemblies and critically assesses how such forums can fit within a broader democratic system. He then considers the implications of deliberative democracy for multicultural and multi-ethnic societies before turning to the prospects for the most ambitious deliberative project of all: global deliberative democracy. This book will be essential reading for students and scholars of democratic theory, as well as anyone who is curious about the prospects for more rational decision-making in an age of populist passion.
Book Synopsis Socialism on Trial by : James Patrick Cannon
Download or read book Socialism on Trial written by James Patrick Cannon and published by Resistance Books. This book was released on 1999 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Trotskyists on Trial by : Donna T Haverty-Stacke
Download or read book Trotskyists on Trial written by Donna T Haverty-Stacke and published by NYU Press. This book was released on 2016-01-08 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Passed in June 1940, the Smith Act was a peacetime anti-sedition law that marked a dramatic shift in the legal definition of free speech protection in America by criminalizing the advocacy of disloyalty to the government by force. It also criminalized the acts of printing, publishing, or distributing anything advocating such sedition and made it illegal to organize or belong to any association that did the same. It was first brought to trial in July 1941, when a federal grand jury in Minneapolis indicted twenty-nine Socialist Workers Party members, fifteen of whom also belonged to the militant Teamsters Local 544. Eighteen of the defendants were convicted of conspiring to overthrow the government. Examining the social, political, and legal history of the first Smith Act case, this book focuses on the tension between the nation’s cherished principle of free political expression and the demands of national security on the eve of America’s entry into World War II. Based on newly declassified government documents and recently opened archival sources, Trotskyists on Trial explores the implications of the case for organized labor and civil liberties in wartime and postwar America. The central issue of how Americans have tolerated or suppressed dissent during moments of national crisis is not only important to our understanding of the past, but also remains a pressing concern in the post-9/11 world. This volume traces some of the implications of the compromise between rights and security that was made in the mid-twentieth century, offering historical context for some of the consequences of similar bargains struck today.
Book Synopsis A Capitalism for the People by : Luigi Zingales
Download or read book A Capitalism for the People written by Luigi Zingales and published by Basic Books. This book was released on 2014-02-11 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment -- paired with rampant nepotism and cronyism -- on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better. In A Capitalism for the People, Zingales makes a forceful, philosophical, and at times personal argument that the roots of American capitalism are dying, and that the result is a drift toward the more corrupt systems found throughout Europe and much of the rest of the world. American capitalism, according to Zingales, grew in a unique incubator that provided it with a distinct flavor of competitiveness, a meritocratic nature that fostered trust in markets and a faith in mobility. Lately, however, that trust has been eroded by a betrayal of our pro-business elites, whose lobbying has come to dictate the market rather than be subject to it, and this betrayal has taken place with the complicity of our intellectual class. Because of this trend, much of the country is questioning -- often with great anger -- whether the system that has for so long buoyed their hopes has now betrayed them once and for all. What we are left with is either anti-market pitchfork populism or pro-business technocratic insularity. Neither of these options presents a way to preserve what the author calls "the lighthouse" of American capitalism. Zingales argues that the way forward is pro-market populism, a fostering of truly free and open competition for the good of the people -- not for the good of big business. Drawing on the historical record of American populism at the turn of the twentieth century, Zingales illustrates how our current circumstances aren't all that different. People in the middle and at the bottom are getting squeezed, while people at the top are only growing richer. The solutions now, as then, are reforms to economic policy that level the playing field. Reforms that may be anti-business (specifically anti-big business), but are squarely pro-market. The question is whether we can once again muster the courage to confront the powers that be.
