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Publisher's Summary

Before 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?

©2018 Robert Kuttner (P)2018 HighBridge, a division of Recorded Books

What members say

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Progressive Movement

Many activists are left wondering what the progressive movement should do next politically. Kuttner gives essential feedback.

1 of 1 people found this review helpful

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Hits the nail on the head about whats wrong today

This book needs to be read by all working class Americans. It lays out our economic woes precisely and exposes the lies of our corporate owned media and corporate owned politicians.

Unlike the book "Why Democracies Fail" it accurately calls out the cause of the USA's ills as runaway power of the Rich. Over time the wealthy have weakened regulations, workers unions, and democracy just as they had done similarly prior New Deal era.

I cannot recommend this book any more strongly!!!

1 of 1 people found this review helpful

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very interesting book

It uses evidence to describe the problems of global capitalism and provides solid ideas on mixed economy. the only problem is that the author is constraint in his ideological prison and cannot see that those led are those imposing corporate dark ages and responsible for the extreme right. They are not the solution they are the problem!

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Definitely a different perspective!

Overall it is definitely a great book. I found it a little bit biased and one-sided but worthwhile reading it.

0 of 1 people found this review helpful

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The same old stuff, without nuance

If you are looking for the usual conversation about the state of America from a liberal perspective, this is your book. If you are looking for nuance, balance and creativity, not so much.
A consistently romantic view of workers and the casting of corporations and capitalism, which the author deems as the same thing, as demons, creates a plot that writes itself.

2 of 9 people found this review helpful