Table of Contents
Introduction ix
Part I History 1
1 Capitalism and Progress 3
1.1 Where We Are Now
1.2 How We Arrived Here 6
1.3 Understanding Historical Change 10
1.4 What is Capitalism? 13
1.5 Capitalism and Progress 16
2 The Rise of Capitalism 20
2.1 The Development of Capitalism in England
2.2 The Spread of Capitalism - France and the US 29
2.3 The Russian Road to Capitalism 32
2.4 Revolution and Reform 37
2.5 Economic Determinism 43
3 Capitalism Undone 48
3.1 Does Capitalism Still Work?
3.2 Capitalism and Rationality 53
3.3 Automation and Artificial Intelligence 54
3.4 Rescuing the Proletariat 57
3.5 The Changing Shape of Inequality 65
Part II Ideology 69
4 Left and Right 71
4.1 Origins
4.2 The Duality of the Left 75
4.3 The Duality of the Right 78
4.4 Civil Rights and Natural Rights 81
5 Equality of What? 85
5.1 Wealth Inequality 88
5.2 The Cult of the Status Quo 89
5.3 Equality or Sufficiency? 90
5.4 Is Inequality Inevitable? 92
6 Property and Freedom 98
6.1 Which Property? 99
6.2 Property and Freedom 100
6.3 Property and Rights 102
6.4 The Distribution of Ownership 103
6.5 The Origins of Property Rights 111
6.6 Property and Productivity 117
6.7 The Possible and the Permissible 122
6.8 Distributive Justice 123
Part III Progress 131
7 Work 133
7.1 Work and Virtue
7.2 Beyond the Labour Market 135
7.3 The Distribution of Effort 137
7.4 The Distribution of Reward 140
8 Money 143
8.1 Modern Monetary Theory 144
8.2 Transforming Wealth 156
9 Beyond Capitalism 160
9.1 Levelling the Playing Field
9.2 From Employment to Empowerment 166
9.3 Health, Housing and Education 171
Conclusion 176
Afterword: The Politics of Change 179
Endnotes 187
Works Cited 219
