Private Power and Democracy’s Decline: How to Make Capitalism Support Democracy

Americans are losing faith in capitalism, with only one-third now believing it works for the average person, according to a recent Gallup poll. Perhaps that is for good reason, given the extreme concentration of wealth in a few hands. The inequality is by design, according to Mordecai Kurz, the Joan Kenney Professor of Economics-Emeritus at Stanford. In Private Power and Democracy’s Decline, he looks at how the design of technology markets, the accumulation of private power and the suppression of competition are undermining a system that once seemed unshakeable. With many laws and regulations outdated, Kurtz suggests a variety of circuit breakers and protections to safeguard the fundamental principles of democracy, such as political equality. If you are interested in making capitalism work for all, you won’t want to miss this new release.