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Economic Elites, Crises, and Democracy

Economic Elites, Crises, and Democracy
Author: Andrés Solimano
Publisher:
Total Pages: 225
Release: 2014
Genre: Business & Economics
ISBN: 0199355983

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Economic Elites, Crises, and Democracy analyzes critical topics of contemporaneous capitalism. Andr s Solimano, President of the International Center for Globalization and Development, focuses on economic elites and the super rich, the nature of entrepreneurship, the rise of corporate s technostructure, the internal fragmentation of the middle class, and the marginalization of the working poor. While examining historical episodes of economic and financial crises from the 19th century to the present, he reviews a variety of related economic theories and policies, including austerity, which have been enacted in attempts to overcome these crises. Solimano also examines patterns of international mobility of capital and knowledge elites along with the rise of global social movements and migration diasporas. The book ends with an analysis of the concept, modalities, and potential areas of the application of economic democracy to reform 21st century global capitalism.


Elites, Crises, and the Origins of Regimes

Elites, Crises, and the Origins of Regimes
Author: Mattei Dogan
Publisher: Rowman & Littlefield
Total Pages: 276
Release: 1998
Genre: Political Science
ISBN: 9780847690237

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Most political regimes, whether authoritarian or democratic, are born in abrupt, brutal, and momentous crises. In this volume, a group of prominent scholars explores how these seminal events affect elites and shape regimes. Combining theoretical and case study chapters, the authors draw from a wide range of historical and contemporary examples to challenge mainstream developmental explanations of political change, which emphasize incremental changes and evolutions stretching over generations.


A History of Big Recessions in the Long Twentieth Century

A History of Big Recessions in the Long Twentieth Century
Author: Andrés Solimano
Publisher: Cambridge University Press
Total Pages: 241
Release: 2020-02-20
Genre: Business & Economics
ISBN: 1108485049

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Examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth century.


Elites, Non-Elites, and Political Realism

Elites, Non-Elites, and Political Realism
Author: John Higley
Publisher: Rowman & Littlefield
Total Pages: 177
Release: 2021-10-29
Genre: Political Science
ISBN: 153816289X

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This provocative and groundbreaking book challenges accepted wisdom about the role of elites in both maintaining and undermining democracy in an increasingly authoritarian world. John Higley traces patterns of elite political behavior and the political orientations of non-elite populations throughout modern history to show what is and is not possible in contemporary politics. He situates these patterns and orientations in a range of regimes, showing how they have played out in revolutions, populist nationalism, Arab Spring failures to democratize, the conflation of ultimate and instrumental values in today’s liberal democracies, and American political thinkers’ misguided assumption that non-elites are the principal determinants of politics. Critiquing the optimistic outlooks prevalent among educated Westerners, Higley considers them out of touch with reality because of spreading employment insecurity, demoralization, and millennial pursuits in their societies. Attacks by domestic and foreign terrorists, effects of climate change, mass migrations from countries outside the West, and disease pandemics exacerbate insecurity and further highlight the flaws in the belief that democracy can thrive and spread worldwide. Higley concludes that these threats to the well-being of Western societies are here to stay. They leave elites with no realistic alternative to a holding operation until at least mid-century that husbands the power and political practices of Western societies. Drawing on decades of research, Higley’s analysis is historically and comparatively informed, bold, and in some places dark—and will be sure to foster debate.


Global Capitalism in Disarray

Global Capitalism in Disarray
Author: Andrés Solimano
Publisher: Oxford University Press
Total Pages: 257
Release: 2017
Genre: Business & Economics
ISBN: 0190626275

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Global capitalism is affected by the malaises of stagnation, financial fragility, increased income inequality, growing wealth concentration at the top, and a vanishing fair social contract. This book focuses on the incidence of these phenomena in the US, UK, Greece, Spain, Chile, South Africa, Australia, China, and other countries. The book looks at the effects of IMF-ECB led austerity policies in Europe. The book examines concrete country and global conditions combining theory, country studies, historical evidence, and international comparative analysis. The book also proposes new policy priorities to restore stability, reduce inequality, and consolidate democracy in 21st century capitalism.


Economic and Political Democracy in Complex Times

Economic and Political Democracy in Complex Times
Author: Andrés Solimano
Publisher: Taylor & Francis
Total Pages: 129
Release: 2022-07-29
Genre: Business & Economics
ISBN: 1000625419

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The concept of economic democracy is traditionally identi?ed with workplace democracy and participation at the enterprise level. This is a very important dimension, but the concept of new economic democracy also recognizes that, in a world of increasing complexity, the principles of democratic deliberation and social participation have to be applied to other areas as well. This book takes a fresh look at economic democracy from various perspectives. It provides rich historical narratives of episodes of social participation in the economy and society, more broadly, from the 19th to the 21st century. It dissects the various analytical underpinnings informing the theory of economic democracy connecting it with collective choice, social contract theory, Marxian analysis and libertarian critiques. The book identi?es new areas of application of the principles of democratic deliberation and oversight such as the adoption of austerity policies, the signing of free trade agreements, the conduct of central bank policies, international investment treaties and natural resource management. It takes a guided tour through the evolution of economic, social and cultural rights and their impact on the design and implementation of social policy and the welfare/ developmental state. The book expands the notion of economic democracy from factory level to the macro-economy and then to global economic governance. It also discusses the critical links between political democracy and economic democracy and the need for a more democratic and socially equitable economy in the 21st century. This volume will ?nd an audience among economists, political scientists, social activists, philosophers and sociologists.


Authoritarianism and the Elite Origins of Democracy

Authoritarianism and the Elite Origins of Democracy
Author: Michael Albertus
Publisher: Cambridge University Press
Total Pages: 326
Release: 2018-01-25
Genre: Political Science
ISBN: 110819642X

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This book argues that - in terms of institutional design, the allocation of power and privilege, and the lived experiences of citizens - democracy often does not restart the political game after displacing authoritarianism. Democratic institutions are frequently designed by the outgoing authoritarian regime to shield incumbent elites from the rule of law and give them an unfair advantage over politics and the economy after democratization. Authoritarianism and the Elite Origins of Democracy systematically documents and analyzes the constitutional tools that outgoing authoritarian elites use to accomplish these ends, such as electoral system design, legislative appointments, federalism, legal immunities, constitutional tribunal design, and supermajority thresholds for change. The study provides wide-ranging evidence for these claims using data that spans the globe and dates from 1800 to the present. Albertus and Menaldo also conduct detailed case studies of Chile and Sweden. In doing so, they explain why some democracies successfully overhaul their elite-biased constitutions for more egalitarian social contracts.


Political Elites in the Transatlantic Crisis

Political Elites in the Transatlantic Crisis
Author: H. Best
Publisher: Springer
Total Pages: 188
Release: 2014-03-11
Genre: Political Science
ISBN: 1137345756

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Beliefs held by US and European elites about unregulated markets and a currency union without fiscal union led to a transatlantic crisis unmatched in severity since the Great Depression. Leading scholars of elites analyze how elites have responded to the crisis, are altered by it and what this 'hour of elites' means for democracy.


Democracy in Crisis

Democracy in Crisis
Author: Boris Vormann
Publisher: University of Pennsylvania Press
Total Pages: 208
Release: 2019-07-12
Genre: Political Science
ISBN: 0812251636

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Liberal democracies on both sides of the Atlantic find themselves approaching a state of emergency, beset by potent populist challenges of the right and left. But what exactly lies at the core of widespread dissatisfaction with the status quo? And how can the challenge be overcome? In Democracy in Crisis, Christian Lammert and Boris Vormann argue that the rise of populism in North Atlantic states is not the cause of a crisis of governance but its result. This crisis has been many decades in the making and is intricately linked to the rise of a certain type of political philosophy and practice in which economic rationality has hollowed out political values and led to an impoverishment of the political sphere more broadly. The process began in the 1980s, when the United States and Great Britain decided to unleash markets in the name of economic growth and democracy. After the fall of the Berlin Wall, several countries in Europe followed suit and marketized their educational, social, and healthcare systems, which in turn increased inequality and fragmentation. The result has been a collapse of social cohesion and trust that the populists promise to address but only make worse. Looking to the future, Lammert and Vormann conclude their analysis with concrete suggestions for ways politics can once again be placed in the foreground, with markets serving social relations rather than the reverse.


Anti-System Politics

Anti-System Politics
Author: Jonathan Hopkin
Publisher: Oxford University Press
Total Pages: 240
Release: 2020-02-28
Genre: Political Science
ISBN: 0190699779

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Recent elections in the advanced western democracies have undermined the basic foundations of political systems that had previously beaten back all challenges -- from both the left and the right. The election of Donald Trump to the U.S. presidency, only months after the United Kingdom voted to leave the European Union, signaled a dramatic shift in the politics of the rich democracies. In Anti-System Politics, Jonathan Hopkin traces the evolution of this shift and argues that it is a long-term result of abandoning the post-war model of egalitarian capitalism in the 1970s. That shift entailed weakening the democratic process in favor of an opaque, technocratic form of governance that allows voters little opportunity to influence policy. With the financial crisis of the late 2000s these arrangements became unsustainable, as incumbent politicians were unable to provide solutions to economic hardship. Electorates demanded change, and it had to come from outside the system. Using a comparative approach, Hopkin explains why different kinds of anti-system politics emerge in different countries and how political and economic factors impact the degree of electoral instability that emerges. Finally, he discusses the implications of these changes, arguing that the only way for mainstream political forces to survive is for them to embrace a more activist role for government in protecting societies from economic turbulence. A historically-grounded analysis of arguably the most important global political phenomenon at present, Anti-System Politics illuminates how and why the world seems upside down.