In Western societies, the capitalist system is facing a level of distrust not seen in decades. Economic inequality is rampant. Life expectancy is falling. The environment is being destroyed for profit. Political power is wielded by wealthy elites and big business. For capitalism's critics, it is clear that the system is not designed to help average people. Their solution is a top-to-bottom reform of the "free market" along more socialist and democratic lines. For proponents of capitalism, however, this system has been the greatest engine of economic and social progress in history. Not only has capitalism made all of us materially better off, its ideals are responsible for everything from women's rights to a cleaner environment to political freedoms. The answer to society's current ills is more capitalism, more economic freedom, and more free markets. The twenty-fifth semi-annual Munk Debate, held on December 4, 2019, pits editorial director and publisher of the Nation Katrina vanden Heuvel and former finance minister of Greece Yanis Varoufakis against Harvard professor Arthur C. Brooks and New York Times columnist David Brooks to debate whether the capitalist system is broken.
On the night of the 2008 presidential election, Nation editor Katrina vanden Heuvel spoke for many: "For the first time in decades, electoral politics became a vehicle for raising expectations and spreading hope." But, she cautioned, "We progressives need to be as clear-eyed, tough, and pragmatic about Obama as he is about us." Where I Stand collects vanden Heuvel's commentaries and columns from the first years of the Obama administration, an era that has come to be defined by reform and reaction. In the wake of the economic crisis and challenges from the insurgent Tea Party movement, it is clear that it will take more than one election (and one person) to reshape American politics and repair the damage wreaked by a decade of calamitous conservative rule. Vanden Heuvel challenges the limits of our downsized political debate, arguing that timid incrementalism and the forces of money and establishment power that debilitate American politics will be overcome only by independent organizing, strategic creativity, bold ideas, and determined idealism.
From the leading magazine on the left, an exose of the failures, lies and misdeeds that caused the financial collapse—and a plan for rescuing the country.
On the night of the 2008 presidential election, Nation editor Katrina vanden Heuvel spoke for many: "For the first time in decades, electoral politics became a vehicle for raising expectations and spreading hope." But, she cautioned, "We progressives need to be as clear-eyed, tough, and pragmatic about Obama as he is about us." Where I Stand collects vanden Heuvel's commentaries and columns from the first years of the Obama administration, an era that has come to be defined by reform and reaction. In the wake of the economic crisis and challenges from the insurgent Tea Party movement, it is clear that it will take more than one election (and one person) to reshape American politics and repair the damage wreaked by a decade of calamitous conservative rule. Vanden Heuvel challenges the limits of our downsized political debate, arguing that timid incrementalism and the forces of money and establishment power that debilitate American politics will be overcome only by independent organizing, strategic creativity, bold ideas, and determined idealism.
George W. Bush, a self-proclaimed straight-talking Texan, has been roundly lampooned for his weak grasp of the English language: "subliminable," "resignate," and transformationed" being only a few of his malapropisms. As ridiculous as Bush sometimes sounds, we shouldn't underestimate him or the right-wingers who put him in power, because they never say what they mean or mean what they say. Over the past few decades, the radical right has engaged in a well-funded, self-conscious program of Orwellian doublespeak, transforming American political discourse to suit their political ends. "Private accounts" became "personal accounts." "Massachusetts liberal" was used to slur John Kerry's record. And their "compassionate conservative" tax cuts were neither conservative nor compassionate, unless you happen to be a Republican fat cat. Sick and tired of their sinister deceptions, celebrated Nation editor Katrina vanden Heuvel set out to explode their verbal gymnastics by asking her readers to suggest satirical definitions of Republican jargon. The result was a grassroots groundswell of hilarious submissions from Americans who are mad as hell and aren't going to take it any more. She has collected the best in this very funny and very necessary book.
The twenty-fifth semi-annual Munk Debate, held on December 4, 2019, pits editorial director and publisher of the Nation Katrina vanden Heuvel and former finance minister of Greece Yanis Varoufakis against Harvard professor Arthur Brooks and New York Times columnist David Brooks to debate whether the capitalist system is broken. “We need to organise politically to defend the weak, empower the many, and prepare the ground for reversing the absurdities of capitalism.” — Yanis Varoufakis In Western societies, the capitalist system is facing a level of distrust not seen in decades. Economic inequality is rampant. Life expectancy is falling. The environment is being destroyed for profit. Political power is wielded by wealthy elites and big business. For capitalism’s critics, it is clear that the system is not designed to help average people. Their solution is a top-to-bottom reform of the “free market” along more socialist and democratic lines. For proponents of capitalism, however, this system has been the greatest engine of economic and social progress in history. Not only has capitalism made all of us materially better off, its ideals are responsible for everything from women’s rights to a cleaner environment to political freedoms. The answer to society’s current ills is more capitalism, more economic freedom, and more free markets. The twenty-fifth semi-annual Munk Debate, held on December 4, 2019, pits editorial director and publisher of the Nation Katrina vanden Heuvel and former finance minister of Greece Yanis Varoufakis against Harvard professor Arthur Brooks and New York Times columnist David Brooks to debate whether the capitalist system is broken.
We need to organise politically to defend the weak, empower the many and prepare the ground for reversing the absurdities of capitalism.' – Yanis Varoufakis 'Capitalism over the past twenty-five years has been an incredible moral good.' – David Brooks The Munk debate on capitalism There is a growing belief that the capitalist system no longer works. Inequality is rampant. The environment is being destroyed for profits. In some western nations, life expectancy is even falling. Political power is wielded by wealthy elites and big business, not the people. But for proponents of capitalism, it is the engine of progress, not just making all of us materially better off, but helping to address everything from women’s rights to political freedoms. We seem to stand at a crossroads: do we need to fix the system as a matter of urgency, or would it be better to hold our nerve?
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