Das Kapital


Karl Marx - 1867
    From Kapital sprung the economic and political systems that at one time dominated half the earth and for nearly a century kept the world on the brink of war. Even today, more than one billion Chinese citizens live under a regime that proclaims fealty to Marxist ideology. Yet this important tome has been passed over by many readers frustrated by Marx’s difficult style and his preoccupation with nineteenth-century events of little relevance to today's reader.Here Serge Levitsky presents a revised version of Kapital, abridged to emphasize the political and philosophical core of Marx’s work while trimming away much that is now unimportant. Pointing out Marx’s many erroneous predictions about the development of capitalism, Levitsky's introduction nevertheless argues for Kapital's relevance as a prime example of a philosophy of economic determinism that "subordinates the problems of human freedom and human dignity to the issues of who should own the means of production and how wealth should be distributed."Here then is a fresh and highly readable version of a work whose ideas provided inspiration for communist regimes' ideological war against capitalism, a struggle that helped to shape the world today.

Asshole Nation: Trump and the Rise of Scum America


Scott McMurrey - 2017
     The result is thorough lambasting of the people who put Trump in place and the even more reprehensible people who have come out of the shadows since Trump's election. McMurrey takes on the whole cadre of cretinous creatures who flocked to Trump, from the right-wing nutjobs left over from the Tea Party years to the slime who admired him from playing a mogul on TV to the bottom-dwelling Republicans who just saw him as a thug and a bully who would get them what they wanted. TABLE OF CONTENTS 1. Trump, King of Assholes 2. Asshole Nation: Trump’s Natural Constituency 3. Why Trumpist Assholes are Republicans 4. Why Assholes are Comfortable in the Republican Party 5. Why Asshole Nation Adores Trump 6. Don’t Feel Bad for Trumpists 7. Beating Back Trump’s Asshole Nation 8. Even “Never-Trump” Republicans are Responsible for the Rise of Asshole Nation 9. Trump, Roy Moore, and the Rise of Scum America 10. Crush Scum America and Stop the Careening Eighteen-Wheeler of Democracy If you are disgusted by Trump and by knuckle-dragging conservatism, this book will be a pick-me-up during these dispiriting times. McMurrey speaks the language of anti-Trumpers. He recognizes that Trump mania is just the latests (and let's hope the last!) manifestation of conservatism—a worthless, unnecessary, and fear-filled ideology that promotes selfishness and anti-social attitudes. Pick up Asshole Nation for yourself and give copies to all your Trump-hating friends!

Cypherpunks: Freedom and the Future of the Internet


Julian Assange - 2012
    Julian Assange, the editor-in-chief of and visionary behind WikiLeaks, has been a leading voice in the cypherpunk movement since its inception in the 1980s.Now, in what is sure to be a wave-making new book, Assange brings together a small group of cutting-edge thinkers and activists from the front line of the battle for cyber-space to discuss whether electronic communications will emancipate or enslave us. Among the topics addressed are: Do Facebook and Google constitute "the greatest surveillance machine that ever existed," perpetually tracking our location, our contacts and our lives? Far from being victims of that surveillance, are most of us willing collaborators? Are there legitimate forms of surveillance, for instance in relation to the "Four Horsemen of the Infopocalypse" (money laundering, drugs, terrorism and pornography)? And do we have the ability, through conscious action and technological savvy, to resist this tide and secure a world where freedom is something which the Internet helps bring about?The harassment of WikiLeaks and other Internet activists, together with attempts to introduce anti-file sharing legislation such as SOPA and ACTA, indicate that the politics of the Internet have reached a crossroads. In one direction lies a future that guarantees, in the watchwords of the cypherpunks, "privacy for the weak and transparency for the powerful"; in the other lies an Internet that allows government and large corporations to discover ever more about internet users while hiding their own activities. Assange and his co-discussants unpick the complex issues surrounding this crucial choice with clarity and engaging enthusiasm.

The Right Nation: Conservative Power in America


John Micklethwait - 2004
    It's for any of us who want to understand one of the most important forces shaping American life. How did America's government become so much more conservative in just a generation? Compared to Europe-or to America under Richard Nixon-even President Howard Dean would preside over a distinctly more conservative nation in many crucial respects: welfare is gone; the death penalty is deeply rooted; abortion is under siege; regulations are being rolled back; the pillars of New Deal liberalism are turning to sand. Conservative positions have not prevailed everywhere, of course, but this book shows us why they've been so successfully advanced over such a broad front: because the battle has been waged by well-organized, shrewd, and committed troops who to some extent have been lucky in their enemies.John Micklethwait and Adrian Wooldridge, like modern-day Tocquevilles, have the perspective to see this vast subject in the round, unbeholden to forces on either side. They steer The Economist's coverage of the United States and have unrivaled access to resources and-because of the magazine's renown for iconoclasm and analytical rigor-have had open-door access wherever the book's research has led them. And it has led them everywhere: To reckon with the American right, you have to get out there where its centers are and understand the power flow among the brain trusts, the mouthpieces, the organizers, and the foot soldiers. The authors write with wit and skewer whole herds of sacred cows, but they also bring empathy to bear on a subject that sees all too little of it. You won't recognize this America from the far-left's or the far-right's caricatures. Divided into three parts-history, anatomy, and prophecy-The Right Nation comes neither to bury the American conservative movement nor to praise it blindly but to understand it, in all its dimensions, as the most powerful and effective political movement of our age.Chapter OneFROM KENNEBUNKPORT TO CRAWFORDSir Lewis Namier, the great historian of English politics in the age of George III, once remarked that English history, and especially English parliamentary history, is made by families rather than individuals. The same could be said of American political history, especially in the age of George I and George II. There is no better introduction to the radical transformation of Republicanism in the past generation-from patrician to populist, from Northeastern to Southwestern, from pragmatic to ideological-than the radical transformation of Republicanism's current leading family, the Bushes.Grandfather PrescottThe Bushes began political life as classic establishment Republicans: WASPs who summered in Kennebunkport, educated their children at boarding schools and the Ivy League and claimed family ties to the British royal family (Queen Elizabeth II is the thirteenth cousin of the first President Bush). George W.'s paternal great-grandfather, Samuel P. Bush, was a steel and railroad executive who became the first president of the National Association of Manufacturers and a founding member of the United States Chamber of Commerce. His maternal great-grandfather, George Herbert Walker, was even grander. The cofounder of W. A. Harriman, Wall Street's oldest private investment bank, Walker's stature was summed up by his twin Manhattan addresses: his office at One Wall Street and his home at One Sutton Place. There was certainly muck beneath this brass: both Walker and Bush had their share of Wall Street shenanigans and cozy government deals, but in the age...

Austerity: The History of a Dangerous Idea


Mark Blyth - 2013
    In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to political economist Mark Blyth, is that austerity is a very dangerous idea. First of all, it doesn't work. As the past four years and countless historical examples from the last 100 years show, while it makes sense for any one state to try and cut its way to growth, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we austerity for what it is, and what it costs us.

The Myth of the Rational Voter: Why Democracies Choose Bad Policies


Bryan Caplan - 2007
    This is economist Bryan Caplan's sobering assessment in this provocative and eye-opening book. Caplan argues that voters continually elect politicians who either share their biases or else pretend to, resulting in bad policies winning again and again by popular demand.Boldly calling into question our most basic assumptions about American politics, Caplan contends that democracy fails precisely because it does what voters want. Through an analysis of Americans' voting behavior and opinions on a range of economic issues, he makes the convincing case that noneconomists suffer from four prevailing biases: they underestimate the wisdom of the market mechanism, distrust foreigners, undervalue the benefits of conserving labor, and pessimistically believe the economy is going from bad to worse. Caplan lays out several bold ways to make democratic government work better--for example, urging economic educators to focus on correcting popular misconceptions and recommending that democracies do less and let markets take up the slack.The Myth of the Rational Voter takes an unflinching look at how people who vote under the influence of false beliefs ultimately end up with government that delivers lousy results. With the upcoming presidential election season drawing nearer, this thought-provoking book is sure to spark a long-overdue reappraisal of our elective system.

The Entrepreneurial State: Debunking Public vs. Private Sector Myths


Mariana Mazzucato - 2011
    Analysing various case studies of innovation-led growth, it describes the opposite situation, whereby the private sector only becomes bold enough to invest after the courageous State has made the high-risk investments.The volume argues that in the history of modern capitalism, the State has generated economic activity that would not otherwise have happened, and has actively opened up new technologies and markets that private investors can later move into. Far from the often heard criticisms of the State potentially 'crowding out' private investments, the State makes them happen, shaping and creating markets, not only 'fixing' them. Ignoring this reality only serves ideological ends, and hurts effective policymaking.This book examines case studies ranging from the advent of the Internet to the emergence of the biotechnology and nanotechnology industries. In particular, the volume debunks the myth that Silicon Valley was created by entrepreneurial venture capital. A key chapter focuses on the State investments behind Apple's success, and reveals that every major technology behind the iPhone owes its source to public funds. Thus, while entrepreneurial individuals like Steve Jobs are needed, their success is nearly impossible without their ability to ride the wave of State investments. And if Europe wants its own Googles, it needs more State action, not less.Two forward-looking chapters focus on the emergence of the next big thing after the internet: the 'green revolution'. Both solar and wind technology are currently being led by State spending, whether through the US ARPA-E programme or the Chinese and Brazilian State investment banks. The discussion refreshingly moves beyond the usual division between proponents of austerity vs. the proponents of fiscal stimulus. It argues that State investments not only help kick-start growth during periods of recession, but that they also, even in boom periods, lead to productive investments in radical new technologies which later foster decades of growth.The book ends with a fundamental question: if the State is so important to investments in high-risk innovation, why does it capture so little direct return?

Armchair Nation: An Intimate History of Britain in Front of the TV


Joe Moran - 2013
    It's a good question: since its beginnings during WW2, television has assumed a central role in our houses and our lives, just as satellite dishes and aerials have become features of urban skylines. Television (or 'the idiot's lantern', depending on your feelings about it) has created controversy, brought coronations and World Cups into living rooms, allowed us access to 24hr news and media and provided a thousand conversation starters. As shows come and go in popularity, the history of television shows us how our society has changed.Armchair Nation reveals the fascinating, lyrical and sometimes surprising history of telly, from the first demonstration of television by John Logie Baird (in Selfridges) to the fear and excitement that greeted its arrival in households (some viewers worried it might control their thoughts), the controversies of Mary Whitehouse's 'Clean Up TV' campaign and what JG Ballard thought about Big Brother.Via trips down memory lane with Morecambe and Wise, Richard Dimbleby, David Frost, Blue Peter and Coronation Street, you can flick between fascinating nuggets from the strange side of TV: what happened after a chimpanzee called 'Fred J. Muggs' interrupted American footage of the Queen's wedding, and why aliens might be tuning in to The Benny Hill Show.As Alfred Hitchcock said: 'The invention of television can be compared to the introduction of indoor plumbing. Fundamentally it brought no change in the public's habits. It simply eliminated the necessity of leaving the house.

Worker Cooperatives and Revolution: History and Possibilities in the United States


Chris Wright - 2014
    In the framework of a revised Marxism, this book shows how a more cooperative and democratic economy is already emerging, and how we can build on its successes. Society may be on the cusp of the greatest revolutionary movement in history.

Gambling with Other People’s Money: How Perverse Incentives Caused the Financial Crisis


Russ Roberts - 2019
    Russ Roberts argues that the true underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people’s money. The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate ‘Too Big to Fail.’ That perception allows the largest financial institutions to continue to gamble with taxpayer money.

The Tyranny of Merit: What’s Become of the Common Good?


Michael J. Sandel - 2020
    We live in an age of winners and losers, where the odds are stacked in favour of the already fortunate. Stalled social mobility and entrenched inequality give the lie to the promise that "you can make it if you try". And the consequence is a brew of anger and frustration that has fuelled populist protest, with the triumph of Brexit and election of Donald Trump.Michael J. Sandel argues that to overcome the polarized politics of our time, we must rethink the attitudes toward success and failure that have accompanied globalisation and rising inequality. Sandel highlights the hubris a meritocracy generates among the winners and the harsh judgement it imposes on those left behind. He offers an alternative way of thinking about success - more attentive to the role of luck in human affairs, more conducive to an ethic of humility, and more hospitable to a politics of the common good.

The Rhetoric of Reaction: Perversity, Futility, Jeopardy


Albert O. Hirschman - 1991
    In each case he identifies three principal arguments invariably used: (1) the perversity thesis, whereby any action to improve some feature of the political, social, or economic order is alleged to result in the exact opposite of what was intended; (2) the futility thesis, which predicts that attempts at social transformation will produce no effects whatever--will simply be incapable of making a dent in the status quo; (3) the jeopardy thesis, holding that the cost of the proposed reform is unacceptable because it will endanger previous hard-won accomplishments. He illustrates these propositions by citing writers across the centuries from Alexis de Tocqueville to George Stigler, Herbert Spencer to Jay Forrester, Edmund Burke to Charles Murray. Finally, in a lightning turnabout, he shows that progressives are frequently apt to employ closely related rhetorical postures, which are as biased as their reactionary counterparts. For those who aspire to the genuine dialogue that characterizes a truly democratic society, Hirschman points out that both types of rhetoric function, in effect, as contraptions designed to make debate impossible. In the process, his book makes an original contribution to democratic thought.The Rhetoric of Reaction is a delightful handbook for all discussions of public affairs, the welfare state, and the history of social, economic, and political thought, whether conducted by ordinary citizens or academics.

The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies


Erik Brynjolfsson - 2014
    Digital technologies—with hardware, software, and networks at their core—will in the near future diagnose diseases more accurately than doctors can, apply enormous data sets to transform retailing, and accomplish many tasks once considered uniquely human.In The Second Machine Age MIT’s Erik Brynjolfsson and Andrew McAfee—two thinkers at the forefront of their field—reveal the forces driving the reinvention of our lives and our economy. As the full impact of digital technologies is felt, we will realize immense bounty in the form of dazzling personal technology, advanced infrastructure, and near-boundless access to the cultural items that enrich our lives.Amid this bounty will also be wrenching change. Professions of all kinds—from lawyers to truck drivers—will be forever upended. Companies will be forced to transform or die. Recent economic indicators reflect this shift: fewer people are working, and wages are falling even as productivity and profits soar.Drawing on years of research and up-to-the-minute trends, Brynjolfsson and McAfee identify the best strategies for survival and offer a new path to prosperity. These include revamping education so that it prepares people for the next economy instead of the last one, designing new collaborations that pair brute processing power with human ingenuity, and embracing policies that make sense in a radically transformed landscape.A fundamentally optimistic book, The Second Machine Age alters how we think about issues of technological, societal, and economic progress.

Putin's Russia: Life in a Failing Democracy


Anna Politkovskaya - 2003
    Now she turns her steely gaze on the multiple threats to Russian stability, among them President Putin himself.Putin's Russia depicts a far-reaching state of decay. Politkovskaya describes an army in which soldiers die from malnutrition, parents must pay bribes to recover their dead sons' bodies, and conscripts are even hired out as slaves. She exposes rampant corruption in business, government, and the judiciary, where everything from store permits to bus routes to court appointments is for sale. And she offers a scathing condemnation of the ongoing war in Chechnya, where kidnappings, extrajudicial killings, rape, and torture are begetting terrorism rather than fighting it.Sounding an urgent alarm, Putin's Russia is both a gripping portrayal of a country in crisis and the testament of a great and intrepid reporter.

Betting the House: The Inside Story of the 2017 Election


Tim Ross - 2017
    With poll leads of more than 20 points over Jeremy Corbyn’s divided Labour Party, the first Tory landslide since Margaret Thatcher’s day seemed certain.Seven weeks later, Tory dreams had turned to dust. Instead of the 100-seat victory she’d been hoping for, May had lost her majority, leaving Parliament hung and her premiership hanging by a thread. Labour MPs, meanwhile, could scarcely believe their luck. Far from delivering the wipe-out that most predicted, Corbyn’s popular, anti-austerity agenda won the party 30 seats, cementing his position as leader and denying May the right to govern alone.This timely and indispensable book gets to the bottom of why the Tories failed, and how Corbyn’s Labour overcame impossible odds to emerge closer to power than at any election since the era of Tony Blair. Who was to blame for the Tories’ mistakes? How could so many politicians and pollsters fail to see what was coming? And what was the secret of Corbyn’s apparently unstoppable rise?