By Robert Kuttner
One of our prime social critics recounts capitalism’s best hour, and exhibits us how we'd in attaining it as soon as again.
Before and after international warfare II, a serendipitous confluence of occasions created a fit stability among the marketplace and the polity—between the engine of capitalism and the egalitarian beliefs of democracy. lower than Roosevelt’s New Deal, unions and collective bargaining have been legalized. Glass-Steagall reined in speculative finance. At Bretton Woods, a world economic climate used to be devised explicitly to permit countries to regulate capitalism. but this golden period grew to become out to be lightning in a bottle. From the Nineteen Seventies on, an influence shift happened, within which monetary laws have been rolled again, taxes have been reduce, inequality worsened, and disheartened electorate grew to become to far-right, pretend populism.
Robert Kuttner lays out the occasions that resulted in the postwar miracle, and charts its dissolution all of the strategy to Trump, Brexit, and the tenuous nation of the ecu. Is today’s toxic alliance of reckless finance and ultra-nationalism inevitable? Or can democracy be able to survive?
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Extra resources for Can Democracy Survive Global Capitalism?
Can Democracy Survive Global Capitalism? by Robert Kuttner