Can democracy survive global capitalism? /

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? This book argues that neither trade nor immigration...

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Bibliographic Details
Main Author: Kuttner, Robert (Author)
Format: Book
Language:English
Published: New York : W. W. Norton & Company, [2018]
Edition:First Edition.
Subjects:

MARC

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245 1 0 |a Can democracy survive global capitalism? /  |c Robert Kuttner. 
250 |a First Edition. 
264 1 |a New York :  |b W. W. Norton & Company,  |c [2018] 
264 4 |c ©2018 
300 |a xxii, 359 pages ;  |c 25 cm. 
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504 |a Includes bibliographical references and index. 
505 0 |a A song of angry men -- A vulnerable miracle -- The rise and fall of democratic globalism -- The liberation of finance -- The global assault on labor -- Europe's broken social contract -- The disgrace of the center left -- Trading away a decent economy -- Taxes and the corporate state -- Governing global capitalism -- Liberalism, populism, fascism -- The road from here. 
520 |a 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? This book 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 ensuring 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 and 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 ultra-nationalism 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, this book is essential reading for anyone eager to reverse the decline of democracy in the West. 
650 0 |a Economic policy.  |0 http://id.loc.gov/authorities/subjects/sh85040837 
650 0 |a Democracy.  |0 http://id.loc.gov/authorities/subjects/sh85036647 
650 0 |a Corporate state.  |0 http://id.loc.gov/authorities/subjects/sh85032910 
650 0 |a Taxation.  |0 http://id.loc.gov/authorities/subjects/sh85132846 
650 0 |a Globalization.  |0 http://id.loc.gov/authorities/subjects/sh99010179 
650 4 |a BUSINESS & ECONOMICS / Economic History. 
650 4 |a BUSINESS & ECONOMICS / Economics / Theory. 
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