The Crisis Of Democratic Capitalism

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The Crisis of Democratic Capitalism

Martin Wolf
The Crisis of Democratic Capitalism Book PDF

Author : Martin Wolf
Publisher : Penguin
Page : 497 pages
File Size : 42,5 Mb
Release : 2023-02-07
Category : Business & Economics
ISBN : 9780735224223

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The Crisis of Democratic Capitalism by Martin Wolf Pdf

From the chief economics commentator of the Financial Times, a magnificent reckoning with how and why the marriage between democracy and capitalism is coming undone, and what can be done to reverse this terrifying dynamic Martin Wolf has long been one of the wisest voices on global economic issues. He has rarely been called an optimist, yet he has never been as worried as he is today. Liberal democracy is in recession, and authoritarianism is on the rise. The ties that ought to bind open markets to free and fair elections are threatened, even in democracy’s heartlands, the United States and England. Around the world, powerful voices argue that capitalism is better without democracy; others argue that democracy is better without capitalism. This book is a forceful rejoinder to both views. Even as it offers a deep, lucid assessment of why this marriage has grown so strained, it makes clear why a divorce of capitalism from democracy would be a calamity for the world. They need each other even if they find it hard to life together. For all its flaws, argues Wolf, democratic capitalism remains far and away the best system for human flourishing. But something has gone seriously awry: the growth of prosperity has slowed, and the division of its fruits between the hypersuccessful few and the rest has become more unequal. The plutocrats have retreated to their bastions, where they pour scorn on government’s ability to invest in the public goods needed to foster opportunity and sustainability. But the incoming flood of autocracy will rise to overwhelm them, too, in the end. Citizenship is not just a slogan or a romantic idea; it’s the only idea that can save us, Wolf argues. Nothing has ever harmonized political and economic freedom better than a shared faith in the common good. This wise and rigorously fact-based exploration of the epic story of the dynamic between democracy and capitalism concludes with the lesson that our ideals and our interests not only should align, but must do so, for everyone’s sake. Democracy itself is now at stake.

The Crisis of Capitalist Democracy

Richard A. Posner
The Crisis of Capitalist Democracy Book PDF

Author : Richard A. Posner
Publisher : Harvard University Press
Page : 409 pages
File Size : 49,6 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9780674062191

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The Crisis of Capitalist Democracy by Richard A. Posner Pdf

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.

Buying Time

Wolfgang Streeck
Buying Time Book PDF

Author : Wolfgang Streeck
Publisher : National Geographic Books
Page : 0 pages
File Size : 52,5 Mb
Release : 2017-03-21
Category : Political Science
ISBN : 9781786630711

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Buying Time by Wolfgang Streeck Pdf

The aftershocks of the economic crisis that began in 2008 still rock the world, and have been followed by a crisis in democratic governance. The gravity of the situation is matched by a general paucity of understanding as to precisely what is happening and how it started. In this new edition of a highly acclaimed book, Wolfgang Streeck revisits his recent arguments in the light of Brexit and the continued crisis of the EU. These developments are only the latest events in the long neoliberal transformation of postwar capitalism that began in the 1970s, a process that turned states away from tax toward debt as a source of revenue, and from that point into the ‘consolidation state’ of today. Central to this analysis is the changing relationship between capitalism and democracy—in Europe and elsewhere—and the advancing immunization of the former against the latter.

Children and the Internet

Sonia Livingstone
Children and the Internet Book PDF

Author : Sonia Livingstone
Publisher : John Wiley & Sons
Page : 320 pages
File Size : 52,8 Mb
Release : 2013-05-06
Category : Social Science
ISBN : 9780745657578

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Children and the Internet by Sonia Livingstone Pdf

Is the internet really transforming children and young people’s lives? Is the so-called ‘digital generation’ genuinely benefiting from exciting new opportunities? And, worryingly, facing new risks? This major new book by a leading researcher addresses these pressing questions. It deliberately avoids a techno-celebratory approach and, instead, interprets children’s everyday practices of internet use in relation to the complex and changing historical and cultural conditions of childhood in late modernity. Uniquely, Children and the Internet reveals the complex dynamic between online opportunities and online risks, exploring this in relation to much debated issues such as: Digital in/exclusion Learning and literacy Peer networking and privacy Civic participation Risk and harm Drawing on current theories of identity, development, education and participation, this book includes a refreshingly critical account of the challenging realities undermining the great expectations held out for the internet - from governments, teachers, parents and children themselves. It concludes with a forward-looking framework for policy and regulation designed to advance children’s rights to expression, connection and play online as well as offline.

Policy Change Under New Democratic Capitalism

Hideko Magara
Policy Change Under New Democratic Capitalism Book PDF

Author : Hideko Magara
Publisher : Taylor & Francis
Page : 273 pages
File Size : 54,6 Mb
Release : 2016-12-19
Category : Political Science
ISBN : 9781315469447

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Policy Change Under New Democratic Capitalism by Hideko Magara Pdf

Cover -- Title -- Copyright -- Contents -- Notes on contributors -- Foreword -- Acknowledgements -- PART I Introduction -- 1 New models of democratic capitalism and policy regime change -- PART II Models of new democratic capitalism -- 2 Crisis, opportunity and democracy in contemporary Europe -- 3 The rise of the European consolidation state -- 4 Cost of democracy: changing aspects of modern democracy -- 5 Institutional change and regime crisis: a critical viewpoint on neoliberalism -- PART III Comparative analyses -- 6 The political-economic implications of de-industrialization with varieties of capitalism: an EU-Japan comparative analysis -- 7 Growth, employment, and social security governance in the EU and Japan -- 8 The diversity of the "neoliberal policy regime" and income distribution -- PART IV Regime competition in international rivalry and cooperation -- 9 Using neo-functionalism to understand the disintegration of Europe -- 10 From the variety of socioeconomic regimes to contemporary international relations -- 11 Balance-of-payments constraints, change in income distribution, and economic growth in the era of globalization -- Index

Can Democracy Survive Global Capitalism?

Robert Kuttner
Can Democracy Survive Global Capitalism Book PDF

Author : Robert Kuttner
Publisher : W. W. Norton & Company
Page : 384 pages
File Size : 49,6 Mb
Release : 2018-04-10
Category : Business & Economics
ISBN : 9780393609967

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Can Democracy Survive Global Capitalism? by Robert Kuttner Pdf

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.

Democratic Capitalism at the Crossroads

Carles Boix
Democratic Capitalism at the Crossroads Book PDF

Author : Carles Boix
Publisher : Princeton University Press
Page : 269 pages
File Size : 40,7 Mb
Release : 2019-05-28
Category : Business & Economics
ISBN : 9780691190983

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Democratic Capitalism at the Crossroads by Carles Boix Pdf

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.

Wealth and Justice

Peter Wehner,Arthur C. Brooks
Wealth and Justice Book PDF

Author : Peter Wehner,Arthur C. Brooks
Publisher : Government Institutes
Page : 90 pages
File Size : 45,9 Mb
Release : 2010-10-16
Category : Business & Economics
ISBN : 9780844743783

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Wealth and Justice by Peter Wehner,Arthur C. Brooks Pdf

Popular opinion would have us believe that America's free market system is driven by greed and materialism, resulting in gross inequalities of wealth, destruction of the environment, and other social ills. Even proponents of capitalism often refer to the free market as simply a 'lesser evil' whose faults are preferable to those of social democracy or communism. But what if the conventional understanding of capitalism as corrupt and unprincipled is wrong? What if the free market economy actually reinforces Christian values? In Wealth and Justice: The Morality of Democratic Capitalism, Arthur C. Brooks and Peter Wehner explore how America's system of democratic capitalism both depends upon and cultivates an intricate social web of families, churches, and communities. Far from oppressing and depriving individuals, the free market system uniquely enables Americans to exercise vocation and experience the dignity of self-sufficiency, all while contributing to the common good. The fruits of this system include the alleviation of poverty, better health, and greater access to education than at any other time in human history-but also a more significant prosperity: the flourishing of the human soul.

Buying Time

Wolfgang Streeck
Buying Time Book PDF

Author : Wolfgang Streeck
Publisher : Verso Books
Page : 241 pages
File Size : 53,7 Mb
Release : 2014-07-22
Category : Political Science
ISBN : 9781781685495

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Buying Time by Wolfgang Streeck Pdf

The financial crisis keeps us on edge and creates a diffuse sense of helplessness. Well-nigh unfathomable problems lead to measures that seem like emergency operations on the open heart of the Western world, performed with no knowledge of the patient's clinical history. The gravity of the situation is matched by the paucity of our understanding of it, and of how it came about in the first place. In this book, compiled from his Adorno Lectures given in Frankfurt, Wolfgang Streeck lays bare the roots of the present financial, fiscal and economic crisis, seeing it as part of the long neoliberal transformation of postwar capitalism that began in the 1970s. Linking up with the crisis theories of that decade, he analyses the subsequent tensions and conflicts involving states, governments, voters and capitalist interests—a process in which the defining focus of the European state system has shifted from taxation through debt to budgetary “consolidation.” The book then ends by exploring the prospects for a restoration of social and economic stability. Buying Time is a model of enlightenment. It shows that something deeply disturbing underlies the current situation: a metamorphosis of the whole relationship between democracy and capitalism.

The 99 Percent Economy

Paul S. Adler
The 99 Percent Economy Book PDF

Author : Paul S. Adler
Publisher : Oxford University Press
Page : 272 pages
File Size : 42,9 Mb
Release : 2019-09-05
Category : Political Science
ISBN : 9780190931896

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The 99 Percent Economy by Paul S. Adler Pdf

We live in a time of crises - economic turmoil, workplace disempowerment, unresponsive government, environmental degradation, social disintegration, and international rivalry. In The 99 Percent Economy, Paul S. Adler, a leading expert on business management, argues that these crises are destined to deepen unless we radically transform our economy. But despair is not an option, and Adler provides a compelling alternative: democratic socialism. He argues that to overcome these crises we need to assert democratic control over the management of both individual enterprises and the entire national economy. To show how that would work, he draws on a surprising source of inspiration: the strategic management processes of many of our largest corporations. In these companies, the strategy process promises to involve and empower workers and to ensure efficiency and innovation. In practice, this promise is rarely realized, but in principle, that process could be consolidated within enterprises and it could be scaled-up to the national level. Standing in the way? Private ownership of society's productive resources, which is the foundation of capitalism's ruthless competition and focus on private gain at the cost of society, the environment, and future generations. Adler shows how socialized, public ownership of our resources will enable democratic councils at the local and national levels to decide on our economic, social, and environmental goals and on how to reach them. The growing concentration of industry makes this socialization step ever easier. Democratic socialism is not a leap into the unknown, Adler shows. Capitalist industry has built the foundations for a world beyond capitalism and its crises.

Supercapitalism

Robert B. Reich
Supercapitalism Book PDF

Author : Robert B. Reich
Publisher : Vintage
Page : 214 pages
File Size : 41,6 Mb
Release : 2007-09-04
Category : Business & Economics
ISBN : 9780307267856

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Supercapitalism by Robert B. Reich Pdf

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.

Global Capitalism and the Crisis of Democracy

Jerry Harris
Global Capitalism and the Crisis of Democracy Book PDF

Author : Jerry Harris
Publisher : Clarity Press
Page : 0 pages
File Size : 54,9 Mb
Release : 2016
Category : Business & Economics
ISBN : 0986085324

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Global Capitalism and the Crisis of Democracy by Jerry Harris Pdf

"This wide-ranging book makes a critical contribution to understanding the times in which we live and possible solutions to the increasingly acute crisis of global capitalism. Harris critiques with great perspicacity the ideology and destructive practices of hegemonic neo-liberalism as well as the failure of 20th century socialism to provide a viable alternative and the limitations of anarchism. All three ideologies are found wanting in the quest for human liberation. In this new globalized information age our emancipatory potential, he suggests, lies in freeing democracy from the constraints of capitalism through a more balanced relationship between the state, market and civil society."--Provided by publisher.

Critical Encounters

Wolfgang Streeck
Critical Encounters Book PDF

Author : Wolfgang Streeck
Publisher : Verso Books
Page : 225 pages
File Size : 43,6 Mb
Release : 2020-11-10
Category : Political Science
ISBN : 9781788738767

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Critical Encounters by Wolfgang Streeck Pdf

An anthology of long-read book reviews by one of the European left’s foremost political economists From the acclaimed author of How Will Capitalism End? comes an omnibus of long-form critical essays engaging with leading economists and thinkers. Critical Encounters draws on Wolfgang Streeck’s inimitable writing for the London Review of Books and New Left Review, among other publications. It opens with treatments of two contrasting historical eras—factory capitalism and financialization—and three of the world’s major economies: the United States, France and Germany. A middle section surveys the hollowing out of Western democracies and reviews Yanis Varoufakis’s “strange but indispensable” memoir of the eurozone crisis. Delving into the world of ideas, Streeck discusses the work of Quinn Slobodian, Mark Blyth, Jürgen Habermas and Perry Anderson. Finally, he zooms out to compare his home discipline of sociology to natural history, giving a remarkable and non-deterministic reading of Charles Darwin. In the preface, Streeck reflects on the art (or craft) of book reviewing and the continuing merits of the book form. Critical Encounters also includes a series of “Letters from Europe,” penned as the coronavirus descended upon the Continent.

Democracy and Prosperity

Torben Iversen,David Soskice
Democracy and Prosperity Book PDF

Author : Torben Iversen,David Soskice
Publisher : Princeton University Press
Page : 359 pages
File Size : 51,7 Mb
Release : 2020-11-03
Category : Business & Economics
ISBN : 9780691210216

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Democracy and Prosperity by Torben Iversen,David Soskice Pdf

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.

How Will Capitalism End?

Wolfgang Streeck
How Will Capitalism End Book PDF

Author : Wolfgang Streeck
Publisher : Verso Books
Page : 348 pages
File Size : 47,5 Mb
Release : 2016-11-01
Category : Philosophy
ISBN : 9781784784027

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How Will Capitalism End? by Wolfgang Streeck Pdf

The provocative political thinker asks if it will be with a bang or a whimper In How Will Capitalism End? the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that capitalism is now in a critical condition. Growth is giving way to secular stagnation; inequality is leading to instability; and confidence in the capitalist money economy has all but evaporated. Capitalism’s shotgun marriage with democracy since 1945 is breaking up as the regulatory institutions restraining its advance have collapsed, and after the final victory of capitalism over its enemies no political agency capable of rebuilding them is in sight. The capitalist system is stricken with at least five worsening disorders for which no cure is at hand: declining growth, oligarchy, starvation of the public sphere, corruption and international anarchy. In this arresting book Wolfgang Streeck asks whether we are witnessing a long and painful period of cumulative decay: of intensifying frictions, of fragility and uncertainty, and of a steady succession of “normal accidents.”