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Start giftingCan Democracy Survive Global Capitalism?
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Learn moreBefore and after World War II, a serendipitous confluence of events created a healthy balance between the market and the polity—between the engine of capitalism and the egalitarian ideals of democracy. Under Roosevelt's New Deal, unions and collective bargaining were legalized. Glass-Steagall reined in speculative finance. At Bretton Woods, a global financial system was devised explicitly to allow nations to manage capitalism. Yet this golden era turned out to be lightning in a bottle. From the 1970s on, a power shift occurred, in which financial regulations were rolled back, taxes were cut, inequality worsened, and disheartened voters turned to far-right, faux populism.
Robert Kuttner lays out the events that led to the postwar miracle, and charts its dissolution all the way to Trump, Brexit, and the tenuous state of the EU. Is today's poisonous alliance of reckless finance and ultra-nationalism inevitable? Or can democracy find a way to survive?
Robert Kuttner is cofounder and coeditor of The American Prospect and the Economic Policy Institute and former columnist for both Business Week and the Boston Globe. The author of Can Democracy Survive Global Capitalism? and Going Big, he holds the Ida and Meyer Kirstein Chair at Brandeis University and lives in Boston.
Mike Chamberlain is an actor and voice-over performer, as well as an AudioFile Earphones Award-winning audiobook narrator. Along with animation and video game characters, Mike performs narration and voices promos for television. He lives with his wife and daughter in Southern California.