Can Democracy Survive Global Capitalism?

Can Democracy Survive Global Capitalism?

eBook - 2018
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"Democracy is no longer writing the rules for capitalism; instead it is the other way around. With his deep insight and wide learning, Kuttner is among our best guides for understanding how we reached this point and what's at stake if we stay on our current path."—Heather McGhee, president of Demos With a new Afterword 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. What is going on? According to Robert Kuttner, global capitalism is to blame. By limiting workers' rights, liberating bankers, and allowing corporations to evade taxation, raw capitalism strikes at the very foundation of a healthy democracy. Capitalism should serve democracy and not the other way around. One result of this misunderstanding is the large number of disillusioned voters who supported the faux populism of Donald Trump. 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.
Publisher: 2018
ISBN: 9780393609967
Characteristics: 1 online resource

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4536o
Aug 12, 2018

Those of us who grew up in the 1950s saw no reason to question capitalism. Most Dads had a decent job, with full benefits including employer-paid family healthcare. Your community banks took in money for savings accounts and lent it back to your neighbors as car loans and home mortgages. College was affordable, generously supported by state legislatures. The wealthy functioned as local civic patrons. Legislatures and Congress usually practiced the art of compromise.
If you are middle-aged or younger, this sounds like fantasy, and Robert Kuttner explains why the postwar era was indeed a happy blip in the eternal quest of the powerful to utterly subjugate the average person. And thus why disenchantment with the current state of capitalism has (once again) rendered socialism attractive to young adults, if they are not (once again) seduced by national fascism instead. Kuttner is erudite and even-handed in his detailed explanation of the forces responsible for a nation which is increasingly made up of a very few princes and many, many serfs. If you are trying to understand what happened to our society, this is the book for you.

ArapahoeAnnaL Apr 17, 2018

Shed light on "Strangers in Their Own Land"?

s
StarGladiator
Jan 24, 2018

I look forward to reading this; looks interesting aside from the author's wishful thinking at the end - - the faux dems and pseudo-dems still appear hellbent on doing the same thing over and over and over again - - they must be addicted to failure, or are being paid the Big Bucks for their political theater?!
In Washington state [USA], our so-called // democratic \\ governor appears to be following the Koch brothers/ALEC agenda down to the letter [allowing charter schools legislation to pass, usual tax breaks for the mega-corportions, various actions to kill small business, et cetera, et cetera], yet the dem machine party people act as clueless as ever. In Seattle, specific so-called progressive elements want safe injection sites [gov't supported heroin injection sites for a still illegal drug], yet ignore the shrinking existence of safe streets, and safe places auto drivers can park without having their vehicles broken in [and no, I am no longer an auto driver at my advanced age].

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