The Master's Tool

Why is democracy so broken and how might it be fixed? In The Masters Toolsaward-winning author Michael A. McCarthy argues the answer can be found in the flows of credit and investment bound up with finance capital.Today, finance guides and constrains our politics, but there is no reason why this mus...

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Үндсэн зохиолч: McCarthy, Michael A.
Формат: Online
Хэл сонгох:англи
Хэвлэсэн: Verso US 2025
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Онлайн хандалт:https://library.oapen.org/handle/20.500.12657/98430
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author McCarthy, Michael A.
author_browse McCarthy, Michael A.
author_facet McCarthy, Michael A.
author_sort McCarthy, Michael A.
collection Directory of Open Access Books
description Why is democracy so broken and how might it be fixed? In The Masters Toolsaward-winning author Michael A. McCarthy argues the answer can be found in the flows of credit and investment bound up with finance capital.Today, finance guides and constrains our politics, but there is no reason why this must be so. In this groundbreaking work, McCarthy develops a political and social theory of institutional transformation rooted in the interconnectedness of finance and democracy. Inspired by ancient Athens, where small groups chosen by lottery were used to ensure democratic participation, he shows how democracy and working-class power can be strengthened by introducing new forms of financial governance, focusing on the inclusion of historically excluded groups.His proposals for democratic financial institutions point the way to imbuing finance with a socio-environmental purpose and the funding of a just green transition, social housing, and other necessary public goods. And these financial institutions might be the first step toward a whole new kind of economy.
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publishDateRange 2025
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spelling doab-20.500.12854ir-1518252026-06-15T05:35:48Z The Master's Tool McCarthy, Michael A. Political Science History & Theory Political Science Political Economy Political Science Public Policy Economic Policy bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPA Political science & theory bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCP Political economy bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPQ Central government::JPQB Central government policies Why is democracy so broken and how might it be fixed? In The Masters Toolsaward-winning author Michael A. McCarthy argues the answer can be found in the flows of credit and investment bound up with finance capital.Today, finance guides and constrains our politics, but there is no reason why this must be so. In this groundbreaking work, McCarthy develops a political and social theory of institutional transformation rooted in the interconnectedness of finance and democracy. Inspired by ancient Athens, where small groups chosen by lottery were used to ensure democratic participation, he shows how democracy and working-class power can be strengthened by introducing new forms of financial governance, focusing on the inclusion of historically excluded groups.His proposals for democratic financial institutions point the way to imbuing finance with a socio-environmental purpose and the funding of a just green transition, social housing, and other necessary public goods. And these financial institutions might be the first step toward a whole new kind of economy. 2025-02-16T18:10:52Z 2025-02-16T18:10:52Z 2025-02-11T05:30:45Z 2025 book https://library.oapen.org/handle/20.500.12657/98430 9781788730662 9781788730648 https://directory.doabooks.org/handle/20.500.12854/151825 eng open access image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/98430/1/external_content.epub https://library.oapen.org/bitstream/20.500.12657/98430/1/external_content.epub https://library.oapen.org/bitstream/20.500.12657/98430/1/external_content.epub Verso US Knowledge Unlatched 9781788730662 9781788730648 Knowledge Unlatched (KU) KU Select 2025 Verso US open access
spellingShingle Political Science
History & Theory
Political Science
Political Economy
Political Science
Public Policy
Economic Policy
bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPA Political science & theory
bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCP Political economy
bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPQ Central government::JPQB Central government policies
McCarthy, Michael A.
The Master's Tool
title The Master's Tool
title_full The Master's Tool
title_fullStr The Master's Tool
title_full_unstemmed The Master's Tool
title_short The Master's Tool
title_sort master s tool
topic Political Science
History & Theory
Political Science
Political Economy
Political Science
Public Policy
Economic Policy
bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPA Political science & theory
bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCP Political economy
bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPQ Central government::JPQB Central government policies
topic_facet Political Science
History & Theory
Political Science
Political Economy
Political Science
Public Policy
Economic Policy
bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPA Political science & theory
bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCP Political economy
bic Book Industry Communication::J Society & social sciences::JP Politics & government::JPQ Central government::JPQB Central government policies
url https://library.oapen.org/handle/20.500.12657/98430
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