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Liberal Capitalist Democracy - The God that Failed (Hardcover)
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Liberal Capitalist Democracy - The God that Failed (Hardcover)
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A spectre is haunting Europe and America: the spectre of
anti-democratic, right-wing nationalism. This has finally exposed
as ill- based the astonishingly widely shared belief that
unleashing capitalism will, sooner or later, lead societies to
democratic politics. It's nothing more than the big liberal myth.
Krishnan Nayar explores the history of six major pioneers of
modernity-Britain, America, France, Germany, Russia and Japan- from
the seventeenth century's Cromwellian revolution to Donald Trump's
election, via the Age of Darwinian Capitalism: the pre-Second World
War, pre-consumerist, pre-welfare state capitalism of severe
economic instability and a penurious working class. Nayar shows
that, in this period, capitalist industrialisation was far more
likely to lead to modernised right-wing autocracy than democracy,
which got a chance thanks simply to fortunate circumstances in a
few countries. Capitalism only underpinned democracy in the
post-war period due to transient factors: post-1945 Western welfare
systems owed their existence and character almost entirely to the
challenge posed by the Russian and Chinese revolutions. The return
of large-scale, extremist right-wing politics should not,
therefore, come as a surprise. As autocratic China grows in
strength, and Russia returns to expansionism, can democracy be
rescued from a capitalism of dire instability and inequality?
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