Democratic Capitalism at the Crossroads: Technological Change and the Future of Politics

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Carles Boix

Democratic Capitalism at the Crossroads

Technological Change and the Future of Politics

Carles Boix

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English

Princeton University Pres
15 July 2021

Politics & government; Political science & theory; Political structures: democracy; International economics; Political economy

An incisive history of the changing relationship between democracy and capitalism

The twentieth century witnessed the triumph of democratic capitalism in the industrialised West, with widespread popular support for both free markets and representative elections. Today, that political consensus appears to be breaking down, disrupted by polarization and income inequality, widespread dissatisfaction with democratic institutions, and insurgent populism. Tracing the history of democratic capitalism over the past two centuries, Carles Boix explains how we got here - and where we could be headed.

Boix looks at three defining stages of capitalism, each originating in a distinct time and place with its unique political challenges, structure of production and employment, and relationship with democracy. He begins in nineteenth-century Manchester, where factory owners employed unskilled labourers at low wages, generating rampant inequality and a restrictive electoral franchise. He then moves to Detroit in the early 1900s, where the invention of the modern assembly line shifted labor demand to skilled blue-collar workers. Boix shows how growing wages, declining inequality, and an expanding middle class enabled democratic capitalism to flourish. Today, however, the information revolution that began in Silicon Valley in the 1970s is benefitting the highly educated at the expense of the traditional working class, jobs are going offshore, and inequality has risen sharply, making many wonder whether democracy and capitalism are still compatible.

Essential reading for these uncertain times, Democratic Capitalism at the Crossroads proposes sensible policy solutions that can help harness the unruly forces of capitalism to preserve democracy and meet the challenges that lie ahead.

By: Carles Boix
Imprint: Princeton University Pres
Country of Publication: United States
Dimensions: Height: 216mm, Width: 140mm,
ISBN: 9780691216898
ISBN 10: 0691216894
Pages: 272
Publication Date: 15 July 2021
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Active

Carles Boix is the Robert Garrett Professor of Politics and Public Affairs at Princeton University and director of the Institutions and Political Economy Research Group at the University of Barcelona. His books include Political Order and Inequality and Democracy and Redistribution. He lives in Princeton and Barcelona. Twitter @boixserra

Reviews for Democratic Capitalism at the Crossroads: Technological Change and the Future of Politics

[Carles Boix] helps us see change in a comparative and historical context. ---Michael Cornfield, The Guardian Democratic Capitalism at the Crossroads . . . takes a political science perspective on . . . deep trends in technology . . . Coming from a different perspective, Boix provides new-to-me insights, and particularly about similarities between the successive technological revolutions. ---Diane Coyle, Enlightened Economist