A Nation of Deadbeats: An Uncommon History of America's Financial Disasters


Scott Reynolds Nelson - 2012
     It is also a story of dramatic financial panics that defined the nation, created its political parties, and forced tens of thousands to escape their creditors to new towns in Texas, Florida, and California.  As far back as 1792, these panics boiled down to one simple question: Would Americans pay their debts—or were we just a nation of deadbeats? From the merchant William Duer’s attempts to speculate on post–Revolutionary War debt, to an ill-conceived 1815 plan to sell English coats to Americans on credit, to the debt-fueled railroad expansion that precipitated the Panic of 1857, Scott Reynolds Nelson offers a crash course in America’s worst financial disasters—and a concise explanation of the first principles that caused them all. Nelson shows how consumer debt, both at the highest levels of finance and in the everyday lives of citizens, has time and again left us unable to make good. The problem always starts with the chain of banks, brokers, moneylenders, and insurance companies that separate borrowers and lenders.  At a certain point lenders cannot tell good loans from bad—and when chits are called in, lenders frantically try to unload the debts, hide from their own creditors, go into bankruptcy, and lobby state and federal institutions for relief. With a historian’s keen observations and a storyteller’s nose for character and incident, Nelson captures the entire sweep of America’s financial history in all its utter irrationality: national banks funded by smugglers; fistfights in Congress over the gold standard; and presidential campaigns forged in stinging controversies on the subject of private debt. A Nation of Deadbeats is a fresh, irreverent look at Americans’ addiction to debt and how it has made us what we are today.

Inventing the Future: Postcapitalism and a World Without Work


Nick Srnicek - 2015
    Austerity is forcing millions into poverty and many more into precarious work, while the left remains trapped in stagnant political practices that offer no respite. Inventing the Future is a bold new manifesto for life after capitalism. Against the confused understanding of our high-tech world by both the right and the left, this book claims that the emancipatory and future-oriented possibilities of our society can be reclaimed. Instead of running from a complex future, Nick Srnicek and Alex Williams demand a postcapitaiist economy capable of advancing standards, liberating humanity from work and developing technologies that expand our freedoms.

Communism: A History


Richard Pipes - 1994
    At its heart, the book is a history of the Soviet Union, the most comprehensive reorganization of human society ever attempted by a nation-state. This is the story of how the agitation of Karl Marx and Friedrich Engels, two mid-nineteenth-century European thinkers and writers, led to a great and terrible world religion that brought down a mighty empire, consumed the world in conflict, and left in its wake a devastation whose full costs can only now be tabulated.

The Communist Hypothesis


Alain Badiou - 2009
    All those who abandon this hypothesis immediately resign themselves to the market economy, to parliamentary democracy—the form of state suited to capitalism—and to the inevitable and ‘natural’ character of the most monstrous inequalities.”—Alain Badiou Alain Badiou’s “communist hypothesis,” first stated in 2008, cut through the cant and compromises of the past twenty years to reconceptualize the Left. The hypothesis is a fresh demand for universal emancipation and a galvanizing call to arms. Anyone concerned with the future of the planet needs to reckon with the ideas outlined within this book.

Chinese Whispers


Ben Chu - 2013
    The world's most venerable and self-confident civilisation, home to the largest unified race of people on the planet, China manufactures the objects that fill our lives. We see a country peopled by docile and determined factory workers, domineering 'Tiger Mothers' obsessed with education and achievement, and a society that has put the accumulation of wealth above political freedom. Above all, we see a superpower on the rise, destined to overtake the West and to dominate the 21st century. But how accurate is this picture? What if, as Ben Chu argues, we are all engaged in a grand game of Chinese Whispers, in which the facts have become more and more distorted in the telling? We have been getting China and the Chinese wrong for centuries. From the Enlightenment philosophes, enraptured by what they imagined to be a kingdom of reason, to the Victorians who derided the 'flowery empire', outsiders have long projected their own dreams and nightmares onto this vast country. With China's economic resurgence today, many have fallen once more under the spell of this glittering new global hegemon, while others foretell terrible danger in China's return to the centre of the world stage. CHINESE WHISPERS tugs aside this age-old curtain of distortion in a powerful counterblast to modern assumptions about China. By examining the central myths, or 'whispers', that have come to dominate our view of China, Ben Chu forces us to question everything we thought we knew about world's most populous nation. The result is a surprising, penetrating insight into modern China.

History and Class Consciousness: Studies in Marxist Dialectics


György Lukács - 1923
    The book consists of a series of essays treating, among other topics, the definition of orthodox Marxism, the question of legality and illegality, Rosa Luxemburg as a Marxist, the changing function of Historic Marxism, class consciousness, and the substantiation and consciousness of the Proletariat. Writing in 1968, on the occasion of the appearance of his collected works, Lukacs evaluated the influence of this book as follows:"For the historical effect of History and Class Consciousness and also for the actuality of the present time one problem is of decisive importance: alienation, which is here treated for the first time since Marx as the central question of a revolutionary critique of capitalism, and whose historical as well as methodological origins are deeply rooted in Hegelian dialectic. It goes without saying that the problem was omnipresent. A few years after History and Class Consciousness was published, it was moved into the focus of philosophical discussion by Heidegger in his Being and Time, a place which it maintains to this day largely as a result of the position occupied by Sartre and his followers. The philologic question raised by L. Goldmann, who considered Heidegger's work partly as a polemic reply to my (admittedly unnamed) work, need not be discussed here. It suffices today to say that the problem was in the air, particularly if we analyze its background in detail in order to clarify its effect, the mixture of Marxist and Existentialist thought processes, which prevailed especially in France immediately after the Second World War. In this connection priorities, influences, and so on are not particularly significant. What is important is that the alienation of man was recognized and appreciated as the central problem of the time in which we live, by bourgeois as well as proletarian, by politically rightist and leftist thinkers. Thus, History and Class Consciousness exerted a profound effect in the circles of the youthful intelligentsia."

Guy Debord


Anselm Jappe - 1992
    Anselm Jappe rejects recent attempts to set Debord up as a "postmodern" icon, arguing that he was a social theorist in the Hegelian-Marxist tradition—not a precursor of Jean Baudrillard but an heir of the young Georg Lukács of History and Class Consciousness (1923). Neither hagiographical nor sectarian, Guy Debord places its subject squarely in his historical context: the politicizing Letterist and Situationist "anti-artists" who, in the European aftermath of World War II, sought to criticize and transcend the Surrealist legacy. The book offers a lively, critical, and unusually reliable account of Debord's "last avant-garde" on its way from radical bohemianism to revolutionary theory. Jappe also discusses Debord's films, which are largely inaccessible at present. This English language edition of the book has been revised by the author and features an updated critical bibliography of Debord and the Situationists.»

Discourse on Colonialism


Aimé Césaire - 1950
    Nearly twenty years later, when published for the first time in English, Discourse on Colonialism inspired a new generation engaged in the Civil Rights, Black Power, and antiwar movements. Aimé Césaire eloquently describes the brutal impact of capitalism and colonialism on both the colonizer and colonized, exposing the contradictions and hypocrisy implicit in western notions of "progress" and "civilization" upon encountering the "savage," "uncultured," or "primitive." He reaffirms African values, identity, and culture, and their relevance, reminding us that "the relationship between consciousness and reality is extremely complex. . . . It is equally necessary to decolonize our minds, our inner life, at the same time that we decolonize society." An interview with Aimé Césaire by the poet René Depestre is also included.

An Introduction to the Three Volumes of Karl Marx's Capital


Michael Heinrich - 2004
    Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable. And of course, there are those, like Michael Heinrich, who have seen the value of Marx all along, and are in a unique position to explain the intricacies of Marx's thought. Heinrich's modern interpretation of Capital is now available to English-speaking readers for the first time. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx's understanding of communism. Uniquely, Heinrich emphasizes the monetary character of Marx's work, in addition to the traditional emphasis on the labor theory of value, this highlighting the relevance of Capital to the age of financial explosions and implosions.

The Wretched of the Earth


Frantz Fanon - 1961
    Fanon's masterwork is a classic alongside Edward Said's Orientalism or The Autobiography of Malcolm X, and it is now available in a new translation that updates its language for a new generation of readers.The Wretched of the Earth is a brilliant analysis of the psychology of the colonized and their path to liberation. Bearing singular insight into the rage and frustration of colonized peoples, and the role of violence in effecting historical change, the book incisively attacks the twin perils of post-independence colonial politics: the disenfranchisement of the masses by the elites on the one hand, and intertribal and interfaith animosities on the other.Fanon's analysis, a veritable handbook of social reorganization for leaders of emerging nations, has been reflected all too clearly in the corruption and violence that has plagued present-day Africa. The Wretched of the Earth has had a major impact on civil rights, anticolonialism, and black consciousness movements around the world, and this bold new translation by Richard Philcox reaffirms it as a landmark.

Comrades: A World History of Communism


Robert Service - 2007
    It offers a succession of incisive pen-portraits of outstanding leaders and decisive events and spans the nineteenth and twenty-first centuries. It draws on material from many national collections and several major languages and is the most up-to-date account produced since the 1960s. Ranging across not only the high politics and ideology of the most prominent communist regimes but also daily life under communism, culture and propaganda, Service analyses communism's appeal abroad as well as local attempts to set up communist administrations. He ends by showing that there was more to communism than mere brutality and demonstrates that while communism in its primordial form is now dead in most countries, the causes of its ability to gather support among intellectuals and ordinary people have not vanished: economic poverty and political oppression. And the lasting message of the book is that something must be done to eradicate poverty and oppression if the world is to avoid a repetition of totalitarianism in some new form. It is a highly readable, compellingly argued and an exciting work of history, if not always a comforting one.

Maoism: A Global History


Julia Lovell - 2019
    As disagreements and conflicts between China and the West are likely to mount, the need to understand the political legacy of Mao will only become more urgent.Yet during Mao’s lifetime and beyond, the power and appeal of Maoism has always extended beyond China. Across the globe, Maoism was a crucial motor of the Cold War: it shaped the course of the Vietnam War (and the international youth rebellion it triggered) and brought to power the murderous Khmer Rouge in Cambodia; it aided, and sometimes handed victory to, anti-colonial resistance movements in Africa; it inspired terrorism in Germany and Italy, and wars and insurgencies in Peru, India and Nepal, some of which are still with us today – more than forty years after the death of Mao.In this new history, acclaimed historian Julia Lovell re-evaluates Maoism, analysing both China’s engagement with the movement and its legacy on a global canvas. It’s a story that takes us from the tea plantations of north India to the sierras of the Andes, from Paris’s 5th Arrondissement to the fields of Tanzania, from the rice paddies of Cambodia to the terraces of Brixton.Starting from the movement’s birth in northwest China in the 1930s and unfolding right up to its present-day violent rebirth, this is the definitive history of global Maoism.

Foundations of Economic Prosperity


Daniel W. Drezner - 2013
    Professor Drezner takes you behind the headlines and into the debates to dispel common myths about prosperity and get at deeper truths. By taking a broad view of economics that includes psychology, sociology, political science, and history, his lectures lead you to fundamental insights about how the modern world works and a deeper understanding of the functioning of the U.S., European, Chinese, and other major economies, as well as an appreciation for the special problems faced by underdeveloped nations. You'll examine dozens of case histories that illustrate what works and doesn't work in the drive to increase economic growth. You'll also learn about intriguing examples of prosperity won or lost, including the Dutch tulip mania in 1637, the era of globalization that started in the 1850s and lasting through World War I, and Ukraine's economic missteps after the breakup of the Soviet Union. As a start on your own road to greater prosperity, take this step to invest in an unparalleled explanation of the prerequisites to achieve it.

War and Peace and War: The Rise and Fall of Empires


Peter Turchin - 2005
    Turchin argues that the key to the formation of an empire is a society’s capacity for collective action. He demonstrates that high levels of cooperation are found where people have to band together to fight off a common enemy, and that this kind of cooperation led to the formation of the Roman and Russian empires, and the United States. But as empires grow, the rich get richer and the poor get poorer, conflict replaces cooperation, and dissolution inevitably follows. Eloquently argued and rich with historical examples, War and Peace and War offers a bold new theory about the course of world history.

Red Famine: Stalin's War on Ukraine, 1921-1933


Anne Applebaum - 2017
    It is one of the most devastating episodes in the history of the twentieth century. With unprecedented authority and detail, Red Famine investigates how this happened, who was responsible, and what the consequences were. It is the fullest account yet published of these terrible events.The book draws on a mass of archival material and first-hand testimony only available since the end of the Soviet Union, as well as the work of Ukrainian scholars all over the world. It includes accounts of the famine by those who survived it, describing what human beings can do when driven mad by hunger. It shows how the Soviet state ruthlessly used propaganda to turn neighbours against each other in order to expunge supposedly 'anti-revolutionary' elements. It also records the actions of extraordinary individuals who did all they could to relieve the suffering.The famine was rapidly followed by an attack on Ukraine's cultural and political leadership - and then by a denial that it had ever happened at all. Census reports were falsified and memory suppressed. Some western journalists shamelessly swallowed the Soviet line; others bravely rejected it, and were undermined and harassed. The Soviet authorities were determined not only that Ukraine should abandon its national aspirations, but that the country's true history should be buried along with its millions of victims. Red Famine, a triumph of scholarship and human sympathy, is a milestone in the recovery of those memories and that history. At a moment of crisis between Russia and Ukraine, it also shows how far the present is shaped by the past.