Can Democracy Survive Global Capitalism?

Robert Kuttner

2018-04 · W. W. Norton & Company

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“Democracy is no longer writing the rules for capitalism; instead it is the other way around. With his deep insight and wide learning, Kuttner is among our best guides for understanding how we reached this point and what’s at stake if we stay on our current path.”—Heather McGhee, president of Demos

With a new Afterword

In the past few decades, the wages of most workers have stagnated, even as productivity increased. Social supports have been cut, while corporations have achieved record profits. What is going on? According to Robert Kuttner, global capitalism is to blame. By limiting workers’ rights, liberating bankers, and allowing corporations to evade taxation, raw capitalism strikes at the very foundation of a healthy democracy. Capitalism should serve democracy and not the other way around. One result of this misunderstanding is the large number of disillusioned voters who supported the faux populism of Donald Trump. Charting a plan for bold action based on political precedent, Can Democracy Survive Global Capitalism? is essential reading for anyone eager to reverse the decline of democracy in the West.

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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.