The long-awaited magnum opus of one of Britain's most wide-ranging
historians Capitalist enterprise has existed in some form since
ancient times, but the globalization and dominance of capitalism as
a system began in the 1860s when, in different forms and supported
by different political forces, states all over the world developed
their modern political frameworks: the unifications of Italy and
Germany, the establishment of a republic in France, the elimination
of slavery in the American south, the Meiji Restoration in Japan,
the emancipation of the serfs in Tsarist Russia. This book
magnificently explores how, after the upheavals of
industrialisation, a truly global capitalism followed. For the
first time in the history of humanity, there was a social system
able to provide a high level of consumption for the majority of
those who lived within its bounds. Today, capitalism dominates the
world. With wide-ranging scholarship, Donald Sassoon analyses the
impact of capitalism on the histories of many different states, and
how it creates winners and losers by constantly innovating. This
chronic instability, he writes, 'is the foundation of its advance,
not a fault in the system or an incidental by-product'. And it is
this instability, this constant churn, which produces the anxious
triumph of his title. To control or alleviate such anxieties it was
necessary to create a national community, if necessary with
colonial adventures, to develop a welfare state, to intervene in
the market economy, and to protect it from foreign competition.
Capitalists needed a state to discipline them, to nurture them, and
to sacrifice a few to save the rest: a state overseeing the war of
all against all. Vigorous, argumentative, surprising and constantly
stimulating, The Anxious Triumph gives a fresh perspective on all
these questions and on its era. It is a masterpiece by one of
Britain's most engaging and wide-ranging historians.
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