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Book Synopsis Income Inequality in Capitalist Democracies by : Vicki L. Birchfield
Download or read book Income Inequality in Capitalist Democracies written by Vicki L. Birchfield and published by Penn State Press. This book was released on 2015-08-26 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been much concern about rising levels of income inequality in the societies of advanced industrial democracies. Commentators have attributed this increase to the impact of globalization, the decline of the welfare state, or the erosion of the power of labor unions and their allies among left-wing political parties. But little attention has been paid to variations among these countries in the degree of inequality. This is the subject that Vicki Birchfield tackles in this ambitious book. Differences in political institutions have been seen by political scientists as one likely explanation, but Birchfield shows institutional variation to be only one part of the story. Deploying an original conceptualization of political economy as applied democratic theory, she makes the compelling case that cultural values—particularly citizens' attitudes about social justice and about the proper roles of the market and the state—need to be factored into any account that will provide an adequate explanation for the observable patterns. To support her argument, she brings to bear both multivariate statistical analyses and historical comparative case studies, making this book a model for how quantitative and qualitative research can be effectively combined to produce more complete explanations of political and socioeconomic phenomena.
Book Synopsis Democratic Capitalism at the Crossroads by : Carles Boix
Download or read book Democratic Capitalism at the Crossroads written by Carles Boix and published by Princeton University Press. This book was released on 2021-05-04 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: An incisive history of the changing relationship between democracy and capitalism The twentieth century witnessed the triumph of democratic capitalism in the industrialized West, with widespread popular support for both free markets and representative elections. Today, that political consensus appears to be breaking down, disrupted by polarization and income inequality, widespread dissatisfaction with democratic institutions, and insurgent populism. Tracing the history of democratic capitalism over the past two centuries, Carles Boix explains how we got here—and where we could be headed. Boix looks at three defining stages of capitalism, each originating in a distinct time and place with its unique political challenges, structure of production and employment, and relationship with democracy. He begins in nineteenth-century Manchester, where factory owners employed unskilled laborers at low wages, generating rampant inequality and a restrictive electoral franchise. He then moves to Detroit in the early 1900s, where the invention of the modern assembly line shifted labor demand to skilled blue-collar workers. Boix shows how growing wages, declining inequality, and an expanding middle class enabled democratic capitalism to flourish. Today, however, the information revolution that began in Silicon Valley in the 1970s is benefitting the highly educated at the expense of the traditional working class, jobs are going offshore, and inequality has risen sharply, making many wonder whether democracy and capitalism are still compatible. Essential reading for these uncertain times, Democratic Capitalism at the Crossroads proposes sensible policy solutions that can help harness the unruly forces of capitalism to preserve democracy and meet the challenges that lie ahead.
Book Synopsis Democracy, Inequality, and Representation in Comparative Perspective by : Pablo Beramendi
Download or read book Democracy, Inequality, and Representation in Comparative Perspective written by Pablo Beramendi and published by Russell Sage Foundation. This book was released on 2008-09-04 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The gap between the richest and poorest Americans has grown steadily over the last thirty years, and economic inequality is on the rise in many other industrialized democracies as well. But the magnitude and pace of the increase differs dramatically across nations. A country’s political system and its institutions play a critical role in determining levels of inequality in a society. Democracy, Inequality, and Representation argues that the reverse is also true—inequality itself shapes political systems and institutions in powerful and often overlooked ways. In Democracy, Inequality, and Representation, distinguished political scientists and economists use a set of international databases to examine the political causes and consequences of income inequality. The volume opens with an examination of how differing systems of political representation contribute to cross-national variations in levels of inequality. Torben Iverson and David Soskice calculate that taxes and income transfers help reduce the poverty rate in Sweden by over 80 percent, while the comparable figure for the United States is only 13 percent. Noting that traditional economic models fail to account for this striking discrepancy, the authors show how variations in electoral systems lead to very different outcomes. But political causes of disparity are only one part of the equation. The contributors also examine how inequality shapes the democratic process. Pablo Beramendi and Christopher Anderson show how disparity mutes political voices: at the individual level, citizens with the lowest incomes are the least likely to vote, while high levels of inequality in a society result in diminished electoral participation overall. Thomas Cusack, Iverson, and Philipp Rehm demonstrate that uncertainty in the economy changes voters’ attitudes; the mere risk of losing one’s job generates increased popular demand for income support policies almost as much as actual unemployment does. Ronald Rogowski and Duncan McRae illustrate how changes in levels of inequality can drive reforms in political institutions themselves. Increased demand for female labor participation during World War II led to greater equality between men and women, which in turn encouraged many European countries to extend voting rights to women for the first time. The contributors to this important new volume skillfully disentangle a series of complex relationships between economics and politics to show how inequality both shapes and is shaped by policy. Democracy, Inequality, and Representation provides deeply nuanced insight into why some democracies are able to curtail inequality—while others continue to witness a division that grows ever deeper.
Book Synopsis Capitalisms and Democracies by : Carlo Trigilia
Download or read book Capitalisms and Democracies written by Carlo Trigilia and published by Taylor & Francis. This book was released on 2022-11-04 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines steadily-growing increases in inequality within Western capitalist democracies, examining with care the differences between these democracies rooted in their culture and institutions. It highlights the differences in growth and inequalities between different countries, pointing to the role of endogenous institutions that affect social inequalities as well as the relationship between redistribution and economic growth. The book presents extensive comparative research on institutional factors such as industrial relations, welfare systems, training and innovation policies. Paying attention to diverse types of democracies and to the main features of left-wing parties, the book highlights the importance of politics, and of different types of democracies, in shaping social inequalities and diverse development paths. It will appeal to students and scholars interested in economic and labour sociology, welfare studies, comparative political economy, comparative welfare, varieties of capitalism, and comparative politics. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution- Non Commercial-No Derivatives 4.0 license.
Download or read book Radical Markets written by Eric A. Posner and published by Princeton University Press. This book was released on 2019-10-08 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revolutionary ideas on how to use markets to achieve fairness and prosperity for all Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking on its head. With a new foreword by Ethereum creator Vitalik Buterin and virtual reality pioneer Jaron Lanier as well as a new afterword by Eric Posner and Glen Weyl, this provocative book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit of liberal reform and lead to greater equality, prosperity, and cooperation. Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition—Radical Markets shows how.
Book Synopsis Inequality and the Labyrinths of Democracy by : G÷ran Therborn
Download or read book Inequality and the Labyrinths of Democracy written by G÷ran Therborn and published by Verso Books. This book was released on 2020-11-24 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: A global panorama of the historical development and contemporary malaise of liberal democracy, from a renowned social theorist. Barely a century has passed since liberal democracy became established in the majority of advanced capitalist economies. Elsewhere, it is of even more recent vintage. Classical liberalism held universal suffrage a mortal threat to property. So why did it nevertheless come to pass, and how stable today is the marriage between representative government and the continued rule of capital? People on all continents consider inequality a "very big problem". The Davos Economic Forum and the OECD say they are worried. But capitalist democracies don't respond. How has democracy been transformed from a popular demand for social justice to a professional power game? These questions are raised, and answered, in Inequality and the Labyrinths of Democracy. Together with an essay on the current situation, it includes a compact global history of 'The Right to Vote and the Four World Routes to/through Modernity' and two landmark essays from New Left Review, 'The Rule of Capital and the Rise of Democracy' and 'The Travail of Latin American Democracy', collected here in book form for the first time.
Book Synopsis Political Power and Economic Inequality by : Charles F. Andrain
Download or read book Political Power and Economic Inequality written by Charles F. Andrain and published by Rowman & Littlefield. This book was released on 2014-02-14 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This balanced study offers an essential comparative analysis of worldwide income inequality. Charles F. Andrain argues that the globalization of income inequality explains contemporary political life in the United States as well as in other parts of the world. To fully understand global income distribution, we need to grasp how historical changes affect these trends, why social movements stage protests against the growing income gap, and how a comparative approach best explains income differences. Andrain’s tightly written interdisciplinary study stresses the impact of this problem on political life and social change in the United States, Europe, Asia, and Latin America. The comparative evidence probes the full dynamics of this controversial issue and its consequences for society as a whole.
Book Synopsis Capitalism and Democracy in the Twenty-First Century by : Gavin Kitching
Download or read book Capitalism and Democracy in the Twenty-First Century written by Gavin Kitching and published by Routledge. This book was released on 2019-10-17 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This short book makes a connection between recent ‘tectonic shifts’ in the world economy and the political problems currently confronted by western democracies. The shift of manufacturing away from the West, allied to the pressure to keep costs down in an increasingly competitive global economy, has led to economic inequality, reliance on service industry employment and public sector austerity. All this has in turn produced large numbers of desperate citizens attracted to a populist economic nationalism accompanied by xenophobia. However, the originality of this text lies not in the above argument, but in the philosophical reflections which drive and derive from it. These include reflections on history as a supposed causal process; on the need to make ethical judgements of economic activities and the difficulties of doing so; and on the problems confronting modern citizens in understanding complex economic processes and their political implications. Capitalism and Democracy in the Twenty-First Century endorses Wittgenstein’s ‘praxis’ approach to human social life and its study. Accordingly, it not only analyses economic and political problems but suggests ways of solving or mitigating them. In doing so it relies on Marx’s conviction that our capacity to see certain phenomena as problems is at least a priori evidence that they can be solved. This book will appeal to undergraduate and postgraduate students of politics, comparative politics, political economy and international relations.
Book Synopsis Global Capitalism in Disarray by : Andres Solimano
Download or read book Global Capitalism in Disarray written by Andres Solimano and published by Oxford University Press. This book was released on 2016-10-03 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global capitalism is affected by the malaises of stagnation, financial fragility, increased income inequality, growing wealth concentration at the top, and a vanishing fair social contract. This book focuses on the incidence of these phenomena in the US, UK, Greece, Spain, Chile, South Africa, Australia, China, and other countries. The book looks at the effects of IMF-ECB led austerity policies in Europe. The book examines concrete country and global conditions combining theory, country studies, historical evidence, and international comparative analysis. The book also proposes new policy priorities to restore stability, reduce inequality, and consolidate democracy in 21st century capitalism.
Book Synopsis Inequality and Democratic Egalitarianism by : Mark Harvey
Download or read book Inequality and Democratic Egalitarianism written by Mark Harvey and published by . This book was released on 2018 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses what generates the extreme inequalities in rights to income, property and public goods in contemporary societies across the world today.
Book Synopsis Authority and Inequality Under Capitalism and Socialism by : Barrington Moore
Download or read book Authority and Inequality Under Capitalism and Socialism written by Barrington Moore and published by Oxford University Press, USA. This book was released on 1987 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adopts an historical approach to describe and explain the principal similarities and differences in the systems of authority and inequality in the USA, the USSR, and China.
Book Synopsis Imbalance by : Tobias Schulze-Cleven
Download or read book Imbalance written by Tobias Schulze-Cleven and published by Routledge. This book was released on 2021-03-30 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Germany is a central case for research on comparative political economy, which has inspired theorizing on national differences and historical trajectories. This book assesses Germany’s political economy after the end of the "social democratic" 20th century to rethink its dominant properties and create new opportunities for using the country as a powerful lens into the evolution of democratic capitalism. Documenting large-scale changes and new tensions in the welfare state, company strategies, interest intermediation, and macroeconomic governance, the volume makes the case for analysing contemporary Germany through the politics of imbalance rather than the long-standing paradigm of institutional stability. This conceptual reorientation around inequalities and disparities provides much-needed traction for clarifying the causal dynamics that govern ongoing processes of institutional recomposition. Delving into the politics of imbalance, the volume explicates the systemic properties of capitalism, multivalent policy feedback, and the organizational foundations of creative adjustment as key vantage points for understanding new forms of distributional conflict within and beyond Germany. The chapters in this book were originally published as a special issue of German Politics.
Book Synopsis Income Inequality in Capitalist Democracies by : Vicki L. Birchfield
Download or read book Income Inequality in Capitalist Democracies written by Vicki L. Birchfield and published by Penn State Press. This book was released on 2015-08-26 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been much concern about rising levels of income inequality in the societies of advanced industrial democracies. Commentators have attributed this increase to the impact of globalization, the decline of the welfare state, or the erosion of the power of labor unions and their allies among left-wing political parties. But little attention has been paid to variations among these countries in the degree of inequality. This is the subject that Vicki Birchfield tackles in this ambitious book. Differences in political institutions have been seen by political scientists as one likely explanation, but Birchfield shows institutional variation to be only one part of the story. Deploying an original conceptualization of political economy as applied democratic theory, she makes the compelling case that cultural values—particularly citizens' attitudes about social justice and about the proper roles of the market and the state—need to be factored into any account that will provide an adequate explanation for the observable patterns. To support her argument, she brings to bear both multivariate statistical analyses and historical comparative case studies, making this book a model for how quantitative and qualitative research can be effectively combined to produce more complete explanations of political and socioeconomic phenomena.
Download or read book The 3rd WAY written by Upendra Chivukula and published by Createspace Independent Publishing Platform. This book was released on 2015-10-15 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE 3rd WAY is a very big idea. In the INFORMATION AGE, you simply cannot get ahead on wages alone! In addition to your labor, you MUST acquire capital (stock, real estate, technology, etc.). If you are a young person, you must learn these invaluable principles now. If you are a parent, teach the critical lessons in this book to your children and insure they have a happy life. Moreover, every citizen needs to demand the common sense "real hope" and "real change" public policies advocated in this book from their elected leaders to make the broad-based acquisition of capital easier for everyone! Now the middle class is in crisis. Median wages adjusted for inflation have decreased steadily for decades. The middle class is simply not sharing in the nation's capital centered economic growth. Widespread current discontent is destined to lead to serious unrest unless we promptly put the correct solutions in place. The knee-jerk reaction is to blame the rich, the banks, and large corporations, resulting in plenty of anger and resentment, yet offering few practical solutions. Playing the blame game overlooks the root cause of the problem, which is structural in nature: American capitalism does not have enough wealth-making capitalists. Exponential advances in technology relentlessly exacerbate the ever widening chasm between the productive power of capital vs. labor. An innovative system to re-link these fundamental forces must be expeditiously ordained to equitably share the capitalist blessings of wealth and avert a looming social calamity. "Inclusive" capitalism would change the playing field by offering significant tax incentives to corporations willing to establish employee stock ownership plans (ESOPs), allowing employees to acquire capital shares without depleting their own savings. Stock holdings would provide the middle and lower classes with what they so desperately need: income capital in ADDITION to earnings via their labor. Co-authors Veny W. Musum and Upendra Chivukula offer a bipartisan exploration of employee ownership, its history, how ESOPs work, and the simple, common sense policies Americans must demand the government implement for this PROVEN wealth building system to grow exponentially. Thousands of small closely-held business and large, publically-traded corporations use employee stock ownership plans successfully, benefitting millions of employees. It's time for both individuals and governments to understand the importance of embracing "inclusive capitalism" and economic democracy on an aggressive national and international scale.
Book Synopsis Democracy and Income Inequality by : Branko Milanovic
Download or read book Democracy and Income Inequality written by Branko Milanovic and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ideology, as proxied by a country's dominant religion, seems to be related to inequality. In Judeo-Christian societies increased democratization appears to lead to lower inequality; in Muslim and Confucian societies it has an insignificant effect. One reason for this difference may be that Muslim and Confucian societies rely on informal transfers to reach the desired level of inequality, while Judeo-Christian societies, where family ties are weaker, use political action. Standard political economy theories suggest that democratization has a moderating effect on income inequality. But the empirical literature has failed to uncover any such robust relationship. Gradstein, Milanovic, and Ying take another look at the issue. The authors argue that prevailing ideology may be an important determinant of inequality and that the democratization effect "works through" ideology. In societies that value equality highly there is less distributional conflict among income groups, so democratization may have only a negligible effect on inequality. But in societies that value equality less, democratization reduces inequality through redistribution as the poor outvote the rich. The authors' cross-country empirical analysis, covering 126 countries in 1960-98, confirms the hypothesis: ideology, as proxied by a country's dominant religion, seems to be related to inequality. In addition, while in Judeo-Christian societies increased democratization appears to lead to lower inequality, in Muslim and Confucian societies it has an insignificant effect. The authors hypothesize that Muslim and Confucian societies rely on informal transfers to reach the desired level of inequality, while Judeo-Christian societies, where family ties are weaker, use political action. This paper - a product of Poverty and Human Resources, Development Research Group - is part of a larger effort in the group to study inequality and income redistribution. The study was funded by the Bank's Research Support Budget under the research projects "Democracy, Redistribution, and Inequality" (RPO 683-01) and "Deriving World Income Distribution in 1988 and 1993" (RPO 683-68).
Book Synopsis Marketing Democracy by : David Stewart Mason
Download or read book Marketing Democracy written by David Stewart Mason and published by . This book was released on 2000 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a rich set of data from public opinion surveys conducted in the European post-communist states, this book explores popular attitudes on social, economic, and political justice focusing ultimately on OwhatOs fair?O
Download or read book Too Much Stuff written by Kōzō Yamamura and published by . This book was released on 2017 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Where has capitalism gone wrong? Why do conventional policy solutions produce only wider income disparity and inequality? We now live in a new world in which we enjoy the highest living standard in history, acquiring ever more goods and services as necessary luxuries. Yet current policies only serve to expand public debt and exacerbate socio-economic inequality. In Too much stuff, Yamamura suggests the only way for capitalism and democracy to thrive is to increase investment to meet societal needs and argues that this will help reduce the growing wealth gap which threatens global democracy. With convincing evidence from across the Western world, this bold book challenges the economic orthodoxy and offers practical steps forward that we can all support
