One Market Under God: Extreme Capitalism, Market Populism and the End of Economic Democracy

ISBN-10
0436276194
ISBN-13
9780436276194
Series
One Market Under God
Category
Capitalism
Pages
414
Language
English
Published
2001
Publisher
Harvill Secker
Author
Thomas Frank

Description

A cogent, fiercely entertaining, often scathing assault on the institutions and pretensions of the new capitalist order and the tyranny of the almighty market.At no other moment in history have the values of business and the corporation been more nakedly and arrogantly in the ascendant. In 'One Market Under God', social critic Thomas Frank examines the morphing of the language of democracy into the cant and jargon of the marketplace. Combining popular intellectual history with a survey of recent business culture, Frank traces an idea he calls 'market populism' - the notion that markets are, in some transcendent way, identifiable with democracy and the will of rh people.The idea that any criticism of things as they are is elitist can be seen in management literature, where downsizing and ceaseless, chaotic change are celebrated as victories for democracy ; in advertising, where an endless array of brands seek to position themselves as symbols of authenticity and rebellion; on Wall Street, where the stock market is identified as the domain of the small investor and common man ; and in the right-wing politics of the 1990s and the popular social theories of George Gilder, Francis Fukuyama and Thams Friedman.Frank's counterattack against the onslaught of market propaganda is mounted with the weapons of common sense, a genuis for useful ridicule, and the older values of economic justice and political democracy. Lucid and intellectually probing, One Market Under God is tinged with anger, betrayal, and a certain hope for the future.

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