The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households.Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues.Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.

    Hammer and Hoe documents the efforts of the Alabama Communist Party and its allies to secure racial, economic, and political reforms. Sensitive to the complexities of gender, race, culture and class without compromising the political narrative, Robin Kelley illustrates one of the most unique and least understood radical movements in American history.The Alabama Communist Party was built from scratch by working people who had no Euro-American radical political tradition. It was composed largely of poor blacks, most of whom were semiliterate and devoutly religious, but it also attracted a handful of whites, including unemployed industrial workers, iconoclastic youth, and renegade liberals. Kelley shows that the cultural identities of these people from Alabama's farms, factories, mines, kitchens, and city streets shaped the development of the Party. The result was a remarkably resilient movement forged in a racist world that had little tolerance for radicals.In the South race pervaded virtually every aspect of Communist activity. And because the Party's call for voting rights, racial equality, equal wages for women, and land for landless farmers represented a fundamental challenge to the society and economy of the South, it is not surprising that Party organizers faced a constant wave of violence.Kelley's analysis ranges broadly, examining such topics as the Party's challenge to black middle-class leadership; the social, ideological, and cultural roots of black working-class radicalism; Communist efforts to build alliances with Southern liberals; and the emergence of a left-wing, interracial youth movement. He closes with a discussion of the Alabama Communist Party's demise and its legacy for future civil rights activism.

    How did we end up in this mess?In this masterful new history, Andreas Malm claims it all began in Britain with the rise of steam power. But why did manufacturers turn from traditional sources of power, notably water mills, to an engine fired by coal? Contrary to established views, steam offered neither cheaper nor more abundant energy—but rather superior control of subordinate labour. Animated by fossil fuels, capital could concentrate production at the most profitable sites and during the most convenient hours, as it continues to do today. Sweeping from nineteenth-century Manchester to the emissions explosion in China, from the original triumph of coal to the stalled shift to renewables, this study hones in on the burning heart of capital and demonstrates, in unprecedented depth, that turning down the heat will mean a radical overthrow of the current economic order.

    A morally reprehensible―and very profitable business...Rosenthal argues that slaveholders in the American South and Caribbean were using advanced management and accounting techniques long before their northern counterparts. Techniques that are still used by businesses today."― Marketplace A Politico Great Weekend ReadAccounting for Slavery is a unique contribution to the decades-long effort to understand New World slavery's complex relationship with capitalism. Through careful analysis of plantation records, Caitlin Rosenthal explores the development of quantitative management practices on West Indian and Southern plantations. She shows how planter-capitalists built sophisticated organizational structures and even practiced an early form of scientific management. They subjected enslaved people to experiments, such as allocating and reallocating labor from crop to crop, planning meals and lodging, and carefully recording daily productivity. The incentive strategies they crafted offered rewards but also threatened brutal punishment.The traditional story of modern management focuses on the factories of England and New England, but Rosenthal demonstrates that investors in West Indian and Southern plantations used complex accounting practices, sometimes before their Northern counterparts. For example, some planters depreciated their human capital decades before the practice was a widely used accounting technique. Contrary to narratives that depict slavery as a barrier to innovation, Accounting for Slavery explains how elite planters turned their power over enslaved people into a productivity advantage. The brutality of slavery was readily compatible with the development of new quantitative techniques for workforce organization.By showing the many ways that business innovation can be a byproduct of bondage, Rosenthal further erodes the false boundary between capitalism and slavery and illuminates deep parallels between the outlooks of eighteenth- and nineteenth-century slaveholders and the ethical dilemmas facing twenty-first-century businesses.

    A brilliant and insightful work that examines the insecurities of the middle class in an attempt to explain its turn to the right during the past two decades, "Fear of Falling" traces the myths about the middle class to their roots in the ambitions and anxieties that torment the group and that have led to its retreat from a responsible leadership role.

    Published in 1879, it was admired and advocated by great minds such as Albert Einstein, Winston Churchill, Leo Tolstoy and Sun Yat-sen in China.

    First published in the 1980s by activists with decades of experience organizing in grassroots anticapitalist struggles against white supremacy, the book soon established itself as an essential reference point for revolutionary nationalists and dissident currents within the predominantly colonialist Marxist-Leninist and anarchist movements at that time.Always controversial within the establishment Left Settlers uncovers centuries of collaboration between capitalism and white workers and their organizations, as well as their neocolonial allies, showing how the United States was designed from the ground up as a parasitic and genocidal entity. Settlers exposes the fact that America’s white citizenry have never supported themselves but have always resorted to exploitation and theft, culminating in acts of genocide to maintain their culture and way of life. As recounted in painful detail by Sakai, the United States has been built on the theft of Indigenous lands and of Afrikan labor, on the robbery of the northern third of Mexico, the colonization of Puerto Rico, and the expropriation of the Asian working class, with each of these crimes being accompanied by violence.This new edition includes “Cash & Genocide: The True Story of Japanese-American Reparations” and an interview with author J. Sakai by Ernesto Aguilar.Please note that none of the illustrations from the paperback edition are included in the digital version.

    Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers' New Clothes examines this claim and the narratives used by bankers, politicians, and regulators to rationalize the lack of reform, exposing them as invalid.Admati and Hellwig argue we can have a safer and healthier banking system without sacrificing any of the benefits of the system, and at essentially no cost to society. They show that banks are as fragile as they are not because they must be, but because they want to be--and they get away with it. Whereas this situation benefits bankers, it distorts the economy and exposes the public to unnecessary risks. Weak regulation and ineffective enforcement allowed the buildup of risks that ushered in the financial crisis of 2007-2009. Much can be done to create a better system and prevent crises. Yet the lessons from the crisis have not been learned.Admati and Hellwig seek to engage the broader public in the debate by cutting through the jargon of banking, clearing the fog of confusion, and presenting the issues in simple and accessible terms. The Bankers' New Clothes calls for ambitious reform and outlines specific and highly beneficial steps that can be taken immediately.

    There, the vending machines were stocked with painkillers, and the staff turnover was dizzying. In the new year, she traveled to North Carolina to work at a call center, a place where even bathroom breaks were timed to the second. And finally, Guendelsberger was hired at a San Francisco McDonald's, narrowly escaping revenge-seeking customers who pelted her with condiments.Across three jobs, and in three different parts of the country, Guendelsberger directly took part in the revolution changing the U.S. workplace. On the Clock takes us behind the scenes of the fastest-growing segment of the American workforce to understand the future of work in America--and its present. Until robots pack boxes, resolve billing issues, and make fast food, human beings supervised by AI will continue to get the job done. Guendelsberger shows us how workers went from being the most expensive element of production to the cheapest--and how low-wage jobs have been remade to serve the ideals of efficiency, at the cost of humanity.On the Clock explores the lengths that half of Americans will go to to make a living, offering not only a better understanding of the modern workplace, but also surprising solutions to make work more humane.

    Providing a lucid, succinct, and accessible introduction to Marx and his key followers, complete with pedagogical information for the student, Balibar makes the most difficult areas of theory easy to understand. Balibar examines all the key areas of Marx's writings in their wider historical and theoretical context including the concepts of class struggle, ideology, humanism, progress, determinism, commodity fetishism, and the state. Suitable for the student and scholar in the humanities and social sciences, this will become the standard guide to Marx.

    Yet staggering population growth, combined with the intensifying effects of climate change, is driving the oasis-based society close to the brink of a Dust-Bowl-scale catastrophe.In A Great Aridness, William deBuys paints a compelling picture of what the Southwest might look like when the heat turns up and the water runs out. This semi-arid land, vulnerable to water shortages, rising temperatures, wildfires, and a host of other environmental challenges, is poised to bear the heaviest consequences of global environmental change in the United States. Examining interrelated factors such as vanishing wildlife, forest die backs, and the over-allocation of the already stressed Colorado River--upon which nearly 30 million people depend--the author narrates the landscape's history--and future. He tells the inspiring stories of the climatologists and others who are helping untangle the complex, interlocking causes and effects of global warming. And while the fate of this region may seem at first blush to be of merely local interest, what happens in the Southwest, deBuys suggests, will provide a glimpse of what other mid-latitude arid lands worldwide--the Mediterranean Basin, southern Africa, and the Middle East--will experience in the coming years.Written with an elegance that recalls the prose of John McPhee and Wallace Stegner, A Great Aridness offers an unflinching look at the dramatic effects of climate change occurring right now in our own backyard.

    The devil is a stunningly apt symbol of the alienation experienced by peasants as they enter the ranks of the proletariat, and it is largely in terms of that experience that I have cast my interpretation. The historical and ethnographic context lead me to ask: What is the relationship between the image of the devil and capitalist development? What contradictions in social experience does the fetish of the spirit of evil mediate? Is there a structure of connections between the redeeming power of the antichrist and the analytic power of Marxism?

    Between 1929 and 1932 the Soviet Communist Party struck a double blow at the Russian peasantry: dekulakization, the dispossession and deportation of millions of peasant families, and collectivization, the abolition of private ownership of land and the concentration of the remaining peasants in party-controlled "collective" farms. This was followed in 1932-33 by a "terror-famine," inflicted by the State on the collectivized peasants of the Ukraine and certain other areas by setting impossibly high grain quotas, removing every other source of food, and preventing help from outside--even from other areas of the Soviet Union--from reaching the starving populace. The death toll resulting from the actions described in this book was an estimated 14.5 million--more than the total number of deaths for all countries in World War I.Ambitious, meticulously researched, and lucidly written, The Harvest of Sorrow is a deeply moving testament to those who died, and will register in the Western consciousness a sense of the dark side of this century's history.

    Where European political culture since the French Revolution has given a central place to values of equality, the American state has developed to serve the interests of capital alone, and is now exporting this model throughout the world. American imperialism, Amin argues, will be far more barbaric than earlier forms of imperialism, pillaging natural resources and destroying the lives of the poor.The Liberal Virus examines the ways in which the American model is being imposed on the world, and outlines its economic and political consequences. It shows how both citizenship and class consciousness are diluted in "low-intensity democracy" and argues instead for democratization as an ongoing process--of fundamental importance for human progress--rather than a fixed constitutional formula designed to support the logic of capital accumulation.In a panoramic overview, Amin examines the objectives and outcomes of American policy in the different regions of the world. He concludes by outlining the challenges faced by those resisting the American project today: redefining European liberalism on the basis of a new compromise between capital and labor, re-establishing solidarity among the people of the South, and reconstructing an internationalism that serves the interests of regions that are currently divided against each other.