The United States has just gone through the worst economic crisis
in a generation. Why wasn't there more protest, as there was in
other countries? During the United States' last great era of
free-market policies, before World War II, economic crises were
always accompanied by unrest. "The history of capitalism," the
economist Joseph Schumpeter warned in 1942, "is studded with
violent bursts and catastrophes." In The End of Protest, Alasdair
Roberts explains how, in the modern age, governments learned to
unleash market forces while also avoiding protest about the
market's failures. Roberts argues that in the last three decades,
the two countries that led the free-market revolution-the United
States and Britain-have invented new strategies for dealing with
unrest over free market policies. The organizing capacity of unions
has been undermined so that it is harder to mobilize discontent.
The mobilizing potential of new information technologies has also
been checked. Police forces are bigger and better equipped than
ever before. And technocrats in central banks have been given
unprecedented power to avoid full-scale economic calamities.
Tracing the histories of economic unrest in the United States and
Great Britain from the nineteenth century to the present, The End
of Protest shows that governments have always been preoccupied with
the task of controlling dissent over free market policies. But
today's methods pose a new threat to democratic values. For the
moment, advocates of free-market capitalism have found ways of
controlling discontent, but the continued effectiveness of these
strategies is by no means certain.
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