Radical markets
Subtitle: uprooting capitalism and democracy for a just society
By: Eric A. Posner and E. Glen Weyl
Contributors: Weyl, E. Glen (Eric Glen), 1985- author
Published: 2018
Language: eng
Number of pages: 337
ISBN-13: 9780691177502
Copyright date: 2018
Subjects: Right of property; Free enterprise; Democracy; Competition; Capitalism
Other titles: Uprooting capitalism and democracy for a just society
Description: "Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? [This book] turns this thinking--and pretty much all conventional thinking about markets, both for and against--on its head. The book reveals...new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit of liberal reform and lead to greater equality, prosperity, and cooperation. [The authors] demonstrate why private property is inherently monopolistic, and how we would all be better off if private ownership were converted into a public auction for public benefit. They show how the principle of one person, one vote inhibits democracy, suggesting instead an ingenious way for voters to effectively influence the issues that matter most to them. They argue that every citizen of a host country should benefit from immigration--not just migrants and their capitalist employers. They propose leveraging antitrust laws to liberate markets from the grip of institutional investors and creating a data labor movement to force digital monopolies to compensate people for their electronic data. Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition--[this book] shows how."--
Notes: Includes bibliographical references and index.
Table of contents: title: Preface :; title: The auction will set you free -- -- Introduction :; title: The crisis of the liberal order --; title: Property is monopoly --; title: Radical democracy --; title: Uniting the world's workers --; title: Dismembering the octopus --; title: Data as labor -- -- Conclusion :; title: Going to the root -- -- Epilogue :; title: After markets?