Bibliographic Details

Radical markets : uprooting capitalism and democracy for a just society / Eric A. Posner and E. Glen Weyl.

Author / Creator Posner, Eric A., 1965- author.
Imprint Princeton ; Oxford : Princeton University Press, [2018]
©2018
Description xxii, 337 pages : illustrations ; 21 cm
Language English
Subject Capitalism.
Democracy.
Free enterprise.
Competition.
Right of property.
Capitalism.
Competition.
Democracy.
Free enterprise.
Right of property.
Nonfiction.
Format Print, Book
URL for this record http://pi.lib.uchicago.edu/1001/cat/bib/11449526
Varying Form of Title Portion of title Uprooting capitalism and democracy for a just society
Other authors / contributors Weyl, E. Glen (Eric Glen), 1985- author.
Posner, Eric A., 1965- author.
ISBN 9780691177502
0691177503
Notes Includes bibliographical references (pages 215-318) and index.
Summary "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."--

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