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Democratic capitalism at the crossroads : technological change and the future of politics

Author: Carles Boix
Publisher: Princeton : Princeton University Press, [2019] ©2019.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"The twentieth century witnessed the triumph of democratic capitalism in the industrialized West, with widespread popular support for both free markets and representative elections. Today, that political consensus appears to be breaking down, disrupted by polarization and income inequality, widespread dissatisfaction with democratic institutions, and insurgent populism. Tracing the history of democratic capitalism  Read more...
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Document Type: Book
All Authors / Contributors: Carles Boix
ISBN: 9780691190983 0691190984
OCLC Number: 1059235303
Description: ix, 256 pages : illustrations, charts ; 23 cm.
Contents: Introduction --
Prelude: Manchester --
The Golden Age: Detroit --
Transformation: Silicon Valley --
Dire straits --
Robots vs. democracy?
Other Titles: Technological change and the future of politics
Responsibility: Carles Boix.

Abstract:

"The twentieth century witnessed the triumph of democratic capitalism in the industrialized West, with widespread popular support for both free markets and representative elections. Today, that political consensus appears to be breaking down, disrupted by polarization and income inequality, widespread dissatisfaction with democratic institutions, and insurgent populism. Tracing the history of democratic capitalism over the past two centuries, Carles Boix explains how we got here--and where we could be headed. Boix looks at three defining stages of capitalism, each originating in a distinct time and place with its unique political challenges, structure of production and employment, and relationship with democracy. He begins in nineteenth-century Manchester, where factory owners employed unskilled laborers at low wages, generating rampant inequality and a restrictive electoral franchise. He then moves to Detroit in the early 1900s, where the invention of the modern assembly line shifted labor demand to skilled blue-collar workers. Boix shows how growing wages, declining inequality, and an expanding middle class enabled democratic capitalism to flourish. Today, however, the information revolution that began in Silicon Valley in the 1970s is benefitting the highly educated at the expense of the traditional working class, jobs are going offshore, and inequality has risen sharply, making many wonder whether democracy and capitalism are still compatible"--

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"Carles Boix offers a compelling and meticulously documented account of the ways that capitalism and democracy have and have not fit together over the past two centuries. He shows us how technology, Read more...

 
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