Can Democracy Survive Global Capitalism? delves into the critical intersection between democracy and capitalism, questioning whether democratic ideals can endure amidst the relentless forces of global capitalism. In this impactful book, author Robert Kuttner, a prominent social critic, argues that the struggles of the working class in recent decades are not merely the results of trade, immigration, or technological changes, but rather the direct consequences of unchecked global capitalism. With wages stagnating and corporate profits soaring, Kuttner examines the alarming erosion of workers' rights and the growing influence of elites in politics.

In this compelling narrative, Kuttner recalls the transformative periods of the past, such as Roosevelt's New Deal, showcasing how a balance between capitalism and democracy could be achieved. He presents a profound analysis of historical events, revealing how the resurgence of predatory capitalism since the 1970s has called into question the health of our democratic institutions.

This book is essential for anyone seeking to understand the dynamics of global capitalism and its implications for democracy. The readers are invited to engage with Kuttner's insights and consider the potential pathways for reform. Can we reshape capitalism to support democratic values? Or are we destined to witness a continued decline in democratic governance as a result of economic exploitation? Discover the answers in this thought-provoking exploration of economics and politics.

Condition: BRAND NEW
ISBN: 9780393356892
Year: 2019
Publisher: W W Norton & Company
Pages: 384
Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.

Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.

Condition: BRAND NEW
ISBN: 9780393356892
Year: 2019
Publisher: W W Norton & Company
Pages: 384


Description:


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