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Can Democracy Survive Global Capitalism? Hardcover – 10 April 2018

4.4 out of 5 stars 71 ratings

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Product details

  • Language : English
  • Hardcover : 384 pages
  • ISBN-10 : 0393609936
  • ISBN-13 : 978-0393609936
  • Customer reviews:
    4.4 out of 5 stars 71 ratings

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Review

"Kuttner brilliantly brings together two strands of thought: explaining both the economics and politics of global capitalism and how our society has abandoned core principles of fairness and equality. The rise of inequality helped pave the way for Donald Trump―a figure out of step with basic American values. Kuttner reminds us of the urgency with which we need to get back to a more just society" -- Joseph E. Stiglitz, Columbia University, winner of the Nobel Prize in Economics and best-selling author of The Price of Inequality

"Conventional wisdom has it that our income disparities and dysfunctional politics are the consequence of inexorable and uncontrollable developments in technology, market competition, and globalization. As Robert Kuttner argues in this superb book, they are instead the result of our own policy choices." -- Dani Rodrik, Harvard University and author of Straight Talk on Trade and The Globalization Paradox

"The problem is not liberal trade, but an out-of-control form of globalised capitalism. Democrats must confront this danger now, argues Kuttner, if the political system they treasure is to survive." -- Martin Wolf, The summer in books - Financial Times

About the Author

Robert Kuttner, cofounder and coeditor of the American Prospect, is a former columnist for BusinessWeek, the Washington Post, and the Boston Globe. He holds the Ida and Meyer Kirstein Chair at Brandeis University, and lives in Boston.

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Amazon.com: 4.1 out of 5 stars 35 reviews
Gary Moreau, Author
5.0 out of 5 stars 10+ (In a whisper) Follow the money!
12 April 2018 - Published on Amazon.com
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99 people found this helpful
Richard W. Wise
5.0 out of 5 stars How The Fat Cats Are Undermining Democracy and Creating an Oligarchy
25 August 2018 - Published on Amazon.com
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5.0 out of 5 stars How The Fat Cats Are Undermining Democracy and Creating an Oligarchy
Reviewed in the United States on 25 August 2018
f you are interested in understanding the current political morass, Robert Kuttner has written the primer. Meticulously researched, Kuttner traces the rise of the new American oligarchy and the parallel undermining of American democracy. Step by step, you will read how big money interests together with their Republican an Democrat allies, undermined the social safety net and demolished the protective financial regulations that had kept the greed of financial fat cats in check since Roosevelt's New Deal.

The author describes in detail how current American economic policy has become "a race to the bottom." How instead of stimulating democracy and bettering working conditions in other countries making them more like us, American workers are rapidly losing ground and becoming more like them. How globalism, supply side economics, free trade and deregulation have been sold as programs good for America but led directly to the S&L crisis and the 2008 economic meltdown and have actually cost our country 5,000,000 well paying jobs since the 1970's.

Want to know why our country's infrastructure is falling apart and why 40% of the increase in America's GDP since 1970 has gone to the top 1% while working and middle class wages have stagnated? Why is it that working and middle class kids graduate college with a crushing debt burden while all the Republicans talk about is tax cuts for the rich? Read this book.

Many Americans, particularly younger Americans, forgetting or not bothering to study history are unaware that benefits such as the forty hour week, the eight hour day and even such simple perks like bathroom breaks and lunch hours were paid for in blood by the union movement in the 19th century.

There is a broad movement among some of our largest companies to use "independent contractors rather than bringing in new hires as employees. This cynical maneuver is often sold as providing greater worker freedom and flexibility, but these contractors work to a schedule and are often paid less. This allows companies to avoid offering paid vacations, sick time, unemployment insurance, workmen's compensation and social security. Millennials may forget what Santayana said, but they ignore at their peril the words of Richard Nixon: "The American dream does not come to those who fall asleep."
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4 people found this helpful