Master''s Tools How Finance Wrecked Democracy (And a Radical Plan to Rebuild It)

Why is democracy so broken and how might it be fixed? In The Master's Tools, award-winning author Michael A. McCarthy argues the answer can be found in the flows of credit and investment bound up with finance capital.
Today, finance guides and constrains our politics, but there is no reason why this must be so. In this groundbreaking work, McCarthy develops a political and social theory of institutional transformation rooted in the interconnectedness of finance and democracy.

Inspired by ancient Athens, where small groups chosen by lottery were used to ensure democratic participation, he shows how democracy and working-class power can be strengthened by introducing new forms of financial governance, focusing on the inclusion of historically excluded groups.

His proposals for democratic financial institutions point the way to imbuing finance with a socio-environmental purpose and the funding of a just green transition, social housing, and other necessary public goods. And these financial institutions might be the first step toward a whole new kind of economy.

A propos de l'auteur

Michael A. McCarthy

Résumé

Finance serves the rich and powerful. We need to democratize it.

Détails du produit

• Auteurs: Michael A. Mccarthy, McCarthy Michael A.
• Edition: Verso
• Contenu: Livre
• Forme du produit: Livre Relié
• Date de parution: 07.01.2025
• Catégorie: Sciences sociales, droit, économie > Sciences politiques > Sciences politiques et formation politique
• EAN: 9781788730662
• ISBN: 978-1-78873-066-2
• Nombre de pages: 272
• Catégories: Inflation, Change, Economy, Capitalism, Investment, Democracy, Economics, Plato, POLITICAL SCIENCE / Political Economy, POLITICAL SCIENCE / History & Theory, Environment, Money, Class, Down, Social, POLITICAL SCIENCE / Public Policy / Economic Policy, Theory, climate, Greece, Athens, Economic theory & philosophy, Popular economics, Banks, Communism, Socialism, Political Economy, Housing, Economic theory and philosophy, Ancient, Neo-Liberalism, Finance; Capitalism; Democracy; Social; Theory; Sortition; Class; Banks; Investment; Socialism; neo-liberalism; trickle; down; economics; economy; communism; money; inflation; Athens; plato; social; housing; environment; climate; change; ancient; Gre, Sortition, trickle