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Flawed Capitalism: The Anglo-American Condition and Its Resolution

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Room B01, Clore Management Centre

Birkbeck College

London

United Kingdom

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This event is hosted by Birkbeck’s Centre for the Study of British Politics and Public Life and Centre for Political Economy and Institutional Studies.

In this public event, Prof. David Coates will talk about his new book on the economic and social problems currently besetting the UK and the United States.

Building an argument around the rise and fall of important social settlements, Flawed Capitalism traces the history of the two economies through first their New Deal and then their Reaganite periods—ones labeled differently in the UK, but similarly marked by the development first of a Keynesian welfare state and then a Thatcherite neoliberal one. It is with the weaknesses and downsides of the Reagan/Thatcher years that Flawed Capitalism is primarily concerned, showing how the underlying fragility of a settlement based on the weakening of organized labor and the extensive deregulation of business culminated in the financial crisis of 2008.

The legacies of that crisis haunt us still—a squeezed middle class, further embedded poverty, deepened racial divisions, an adverse work-life balance for two-income families, and a growing crisis of housing and employment for the young – and are reflected in different ways in the politics of Brexit, Donald Trump, Jeremy Corbyn and Bernie Sanders. Flawed Capitalism makes the case for the transatlantic creation of a new social settlement—a less flawed capitalism—one based on greater degrees of income equality and social justice.

Flawed Capitalism: The Anglo-American Condition and its Resolution was published by Agenda Books in April 2018.



David Coates holds the Worrell Chair in Anglo–American Studies in the Department of Political Science at Wake Forest University, North Carolina. English by birth and American by citizenship, he has written extensively on labour politics, political economy and public policy in both the US and the UK. His recent publications include Answering Back: Liberal Responses to Conservative Arguments (2010), Making the Progressive Case: Towards a Stronger US Economy (2012), America in the Shadow of Empires (2014) and Capitalism: The Basics (2015). He blogs regularly for The Huffington Post on the full range of US social, economic and foreign policy issues and on his own site at www.davidcoates.net.

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Room B01, Clore Management Centre

Birkbeck College

London

United Kingdom

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