In the years surrounding the Second World War, a serendipitous
confluence of events created a healthy balance between the market
and the polity-between the engine of capitalism and the egalitarian
ideals of democracy. Yet, from the 1970s on, a power shift occurred
in which financial regulations were rolled back, taxes were cut,
inequality worsened and disheartened voters turned to far-right,
faux populism. Robert Kuttner lays out the events that led to the
post-war miracle and charts its dissolution all the way to Trump,
Brexit and the tenuous state of the EU. He asks whether today's
poisonous alliance of reckless finance and ultra-nationalism is
inevitable, and whether democracy can find a way to survive.
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