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Private Affluence, Public Austerity - Economic Crisis and Democratic Malaise in Canada (Paperback, New)
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Private Affluence, Public Austerity - Economic Crisis and Democratic Malaise in Canada (Paperback, New)
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"The book is both timely and sorely needed. There is simply nothing
like it. A brilliant and surprisingly clear analysis of the theory
and practice of Canadian politics in the current conjuncture of
capitalist development, the authors provide an exceptionally clear
and most useful exposition of the forces at play, arising out of
the propensity of capitalism towards crisis." Examining Canadian
political and economic developments of the twenty-first century,
Private Affluence, Public Austerity provides a systematic analysis
of the dynamics of Canadian politics in the era of neoliberal
globalization. Stephen McBride and Heather Whiteside conclude that,
although the last three decades of neoliberal rule are
characterized by recurrent crises, the system has proven to be
resilient -- even in the face of a severe recession. Canada's
"business as usual" approach to the recent financial crisis, an
approach that fails to challenge the policies that are fundamental
to the system and culpable for the crisis, is striking. Through
policies aimed at the dismantling of the welfare state,
privatization and the reduction of the state's economic role -- as
well as an enthusiastic embrace of globalization and liberalized
trade and investment regimes -- the legacy of the Canadian
political system is one of private affluence, public austerity and
democratic decline. Private Affluence, Public Austerity asks us to
consider the relationship between neoliberalism and crisis, and
their role in democratic decline. What is the legacy of
neoliberalism? It also asks the difficult questions: What is the
future of neoliberalism? And what role will Canada play in charting
the course of that future? This book offers an engaging and
enlightening exploration of the theories of contemporary capitalism
and reminds us that overcoming democratic malaise is a necessary
first step on the path to change.
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