Radical Markets: Uprooting Capitalism and Democracy for a Just Society cover image

Radical Markets: Uprooting Capitalism and Democracy for a Just Society

By Eric Posner, E. Weyl
epub
Format
2018
Year
English
Language
Princeton University Press
Publisher

Summary

<p><b>Revolutionary ideas on how to use markets to bring about fairness and prosperity for all</b></p><p>Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? <i>Radical Markets</i> turns this thinking--and pretty much all conventional thinking about markets, both for and against―on its head. The book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit of liberal reform and lead to greater equality, prosperity, and cooperation.</p><p>Eric Posner and Glen Weyl demonstrate why private property is inherently monopolistic, and how we would all be better off if private ownership were converted into a public auction for public benefit. They show how the principle of one person, one vote inhibits democracy, suggesting instead an ingenious way for voters to effectively influence the issues that matter most to them. They argue that every citizen of a host country should benefit from immigration―not just migrants and their capitalist employers. They propose leveraging antitrust laws to liberate markets from the grip of institutional investors and creating a data labor movement to force digital monopolies to compensate people for their electronic data.</p><p>Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition―<i>Radical Markets</i> shows how.</p>

Related books


Sociology
Moralizing Capitalism: Agents, Discourses And Practices Of Capitalism And Anti-Capitalism In The Modern Age
Stefan Berger, Alexandra Przyrembel (Editors)
Economy
ABCs of Capitalism A - Understanding Capitalism
Chibber, Vivek
Economy
ABCs of Capitalism B - Capitalism and the State
Chibber, Vivek
Others
Marx’s Capital and Capitalism Today
Antony Cutler, Barry Hindess, Paul Hirst, Athar Hussain
Others
The Capital
Robert Menasse [Menasse, Robert]
Economy
Capitalism and Catastrophe: A Critical Appraisal of the Limits to Capitalism
Stephen Rousseas