Can Democracy Survive Global Capitalism? Audiobook (Free)

Before and after World War II, a serendipitous confluence of events created a healthy balance between the market as well as the polity-between the engine of capitalism and the egalitarian ideals of democracy. Under Roosevelt’s New Deal, unions and collective bargaining had been legalized. Glass-Steagall reined in speculative fund. At Bretton Woods, a global financial system was devised explicitly to permit nations to control capitalism. However this golden period ended up being lightning inside a bottle. From the 1970s on, a power change occurred, in which financial regulations had been rolled back, fees were trim, inequality worsened, and disheartened voters considered far-right, faux populism.

Robert Kuttner lays away the occasions that led to the postwar magic, and charts its dissolution completely to Trump, Brexit, as well as the tenuous condition of the EU. Is usually today’s poisonous alliance of reckless financing and ultra-nationalism unavoidable? Or can democracy discover a way to survive?