'Timely ... an important call to arms' FINANCIAL TIMES'A must-read' THOMAS PIKETTY, author of Capital in the Twenty-First Century'A thoughtful solution to the most important question of modern democracy' JARED DIAMOND, author of Guns, Germs, and Steel'Brilliant and insightful a tour de force' STEVEN LEVITT, author of FreakonomicsFrom its inception, liberalism offered a glittering promise of shared prosperity, equality, democratic values and the free pursuit of knowledge. At first, it flourished. And then it faltered. Once a tantalising beacon of hope, it began to erode and decay at the hands of elitism, intolerance and rising autocracy. One could say that liberalism is broken. So what comes next? Nobel prize-winning co-author of Why Nations Fail Daron Acemoglu charts the rise and fall of liberal democracy, and offers hope for a way forward: a new theory that lays the groundwork for how we can - and must - remake liberalism before it's too late.
Even Perfect Liberal Governance Could Not Have Stopped Reactionary Populism
A British author gets it. An economics Nobel laureate doesn’t.
Thomas Piketty's Capital: everything you need to know about the surprise bestseller
The radical economist's book Capital in the Twenty-First century has angered the right with its powerful argument about wealth, democracy and why capitalism will always create inequality, says Paul Mason
Can these radical institutional reforms get capitalism & democracy working better?
Freewheeling economist Glen Weyl is on a warpath to reform liberal democratic institutions in order to save them.
The Antitrust Revolution, by Barry C. Lynn
Liberal democracy’s last stand against Big Tech
Capitalism, Democracy, and Du Bois’s <em>Two</em> Proletariats
[epq-quote align="align-right"]"What can be more radical or liberating than freedom and justice for all?"[/epq-quote] As an ideal, liberal democracy has great appeal. What can be more radical or liberating than...
George Soros Bet Big on Liberal Democracy. Now He Fears He Is Losing. (Published 2018)
His enemies paint him as all-powerful, but the billionaire philanthropist believes that his political legacy has never been in greater jeopardy.
‘If we don’t fight back, we don’t have a future’: the journalist taking on the ‘tech fascists’ of Silicon Valley
As Elon Musk, Peter Thiel and their peers have grown richer and more influential, Gil Durán argues they have all but abandoned democracy – and found the perfect government to enable them
Hyperpolitics: Extreme Politicization without Political Consequences
POLITICS AFTER THE END OF THE END OF HISTORYWhat happens when politics is everywhere, yet nothing seems to change? From the abandoned dance floors of Thatcher’s London to the mass mobilizations of Black Lives Matter, Anton Jäger traces how public life has become infused with protest, spectacle, and moral urgency — while the old infrastructure of parties, unions, and civic solidarity has been hollowed out.Hyperpolitics revisits the illusions of the “end of history” and dissects the strange energies that replaced them: viral outrage, endless culture wars, and the digital rush of causes that flare and vanish overnight. Jäger shows how the promises of post–Cold War liberalism gave way to a restless, unsteady public sphere where private passions overflow into politics but rarely build enduring power.Ranging from Guy Debord and Wolfgang Tillmans to Houellebecq’s disenchanted fictions, Hyperpolitics makes sense of a world in which collective action remains fragmented and the social fabric thinner than ever. For anyone trying to grasp why our age feels so charged yet so inconsequential, this book offers a vital map through the new contradictions of our hyperpolitical moment.
The Human Condition: Second Edition
A classic work of political thought, more relevant today than ever The twenty-first century has seen a resurgence of interest in the political thinker Hannah Arendt, “the theorist of beginnings,” whose work probes the logics underlying unexpected transformations—from totalitarianism to revolution. A work of striking originality, The Human Condition is in many respects more relevant now than when it first appeared in 1958. In her study of the state of modern humanity, Hannah Arendt considers humankind from the perspective of the actions of which it is capable. The problems Arendt identified then—diminishing human agency and political freedom, the paradox that as human powers increase through technological and humanistic inquiry, we are less equipped to control the consequences of our actions—continue to confront us today. This new edition, published to coincide with the sixtieth anniversary of its original publication, contains Margaret Canovan’s 1998 introduction and a new foreword by Danielle Allen. A classic in political and social theory, The Human Condition is a work that has proved both timeless and perpetually timely.
Radical expectations: how the New Left changed economics
In the 1970s radical economists campaigned to reform their discipline and their universities. They became journalists and activists, moving beyond academia, to forge new models of public engagement and collaborative knowledge in economic life. Radical Expectations tells the story of how these economists set out to make economics more democratic. It traces their campaign to bring protest movements to the campuses, triggering the emergence of an alternative understanding of expertise directed at validating and empowering the perspectives and voices of women, Black Americans, labor activists, and the urban poor. It shows how a radical identity formed and how radicals helped reform disciplinary institutions. Furthermore, it argues that the radical economics' legacy was the development of a language and models of expert-lay collaboration that empowers direct action in economic affairs. The book is about the community of radical economists who championed the promise of change and what came of it
The Triumph of Broken Promises — Harvard University Press
A powerful case that the economic shocks of the 1970s hastened both the end of the Cold War and the rise of neoliberalism by forcing governments to impose austerity on their own people.Why did the Cold War come to a peaceful end? And why did neoliberal economics sweep across the world in the late twentieth century? In this pathbreaking study, Fritz Bartel argues that the answer to these questions is one and the same. The Cold War began as a competition between capitalist and communist governments to expand their social contracts as they raced to deliver their people a better life. But the economic shocks of the 1970s made promises of better living untenable on both sides of the Iron Curtain. Energy and financial markets placed immense pressure on governments to discipline their social contracts. Rather than make promises, political leaders were forced to break them.In a sweeping narrative, The Triumph of Broken Promises tells the story of how the pressure to break promises spurred the end of the Cold War. In the West, neoliberalism provided Western leaders like Ronald Reagan and Margaret Thatcher with the political and ideological tools to shut down industries, impose austerity, and favor the interests of capital over labor. But in Eastern Europe, revolutionaries like Lech Walesa in Poland resisted any attempt at imposing market discipline. Mikhail Gorbachev tried in vain to reform the Soviet system, but the necessary changes ultimately presented too great a challenge.Faced with imposing economic discipline antithetical to communist ideals, Soviet-style governments found their legitimacy irreparably damaged. But in the West, politicians could promote austerity as an antidote to the excesses of ideological opponents, setting the stage for the rise of the neoliberal global economy.
Writings and rehearsals by Nathan Schneider
Welcome. I’m a professor of media studies at the University of Colorado Boulder, where I direct the Media Economies Design Lab and teach and learn from our students. I’ve written a book each on online democracy, cooperative enterprise, the Occupy movement, and God, and I’ve edited ones about solidarity economies, crypto, and co-ops. Reporting articles for both magazines and academic journals keeps my notebooks filled. Working with others to build a democratic economy keeps me accountable.
Liberalism Did Not Fail, Conservatism Did
We are moving from an ideologically multipolar world, to a bipolar one.
Global Inequality — Harvard University Press
Winner of the Bruno Kreisky Prize, Karl Renner InstitutA Financial Times Best Economics Book of the Year An Economist Best Book of the Year A Livemint Best Book of the YearOne of the world’s leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice.“The data [Milanovic] provides offer a clearer picture of great economic puzzles, and his bold theorizing chips away at tired economic orthodoxies.”—The Economist“Milanovic has written an outstanding book…Informative, wide-ranging, scholarly, imaginative and commendably brief. As you would expect from one of the world’s leading experts on this topic, Milanovic has added significantly to important recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon…Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades.—Martin Wolf, Financial Times
🧵 @jburnmurdoch.ft.com is spot on about the conditions in his FT piece. Liberal democracy held it together thanks to growth, good demographics, and the promise of a better future. Those days are gone, and that’s the "why" behind the erosion. However...
Chris Bertram
Democratic politicians have, though, pursued growth in GDP at the expense of other values. One response to @jburnmurdoch.ft.com pessimistic scenario is refocus on those values, combined with egalitarianism, sufficiency and quality of life. Not "it's the economy, stupid" but "it's the the society"
