Capitalism and Its Critics

A Battle of Ideas in the Modern World

At a time when we are faced with fundamental questions about the sustainability and morality of the economic system, Capitalism and Its Critics provides a kaleidoscopic history of global capitalism, from colonialism and the Industrial Revolution to the ecological crisis and artificial intelligence.

John Cassidy adopts a bold new approach: he tells the story through the eyes of the system’s critics. From eighteenth-century weavers who rebelled against early factory automation to Eric Williams's paradigm-changing work on slavery and capitalism, to the Latin American dependistas, the international Wages for Housework campaign of the 1970s, and the modern degrowth movement, this absorbing narrative traverses the globe. It looks at familiar figures – Smith, Marx, Luxemburg, Keynes, Polanyi – from a fresh perspective, but also focuses on many less familiar, including William Thompson, the Irish proto-socialist whose work influenced Marx; Flora Tristan, the French proponent of a universal labour union; John Hobson, the original theorist of imperialism; and J. C. Kumarappa, the Indian exponent of Gandhian economics.

Blending biography, panoramic history, and lively exploration of economic theories, Capitalism and Its Critics illuminates the deep roots of many of the most urgent issues of our time.

Capitalism and its Critics [is an] unexpectedly lively romp through the two-and-a-half-century history of capitalism ... a zombie tale in which the mystery is why capitalism, having so many ill-wishers and so many chronic health problems, keeps rising anew from each crisis – be it the 1930s Great Depression or 2008 financial crisis – even stronger and more resilient. Cassidy ... offers gripping analyses of socialist communes, slavery, imperialism and monetarism; he takes us to the heart of such topical questions as whether tariffs are folly, as laissez-faire orthodoxy suggests, or essential to making America great again, as Donald Trump insists ... I predict it’ll become the intelligent beach read of the summer

Stuart Jeffries, Telegraph

About John Cassidy

Details
  • Imprint: Penguin
  • ISBN: 9780141993546
  • Length: 624 pages
  • Price: £16.99
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