The fundamental mechanism that shapes the social order of welfare societies is the functional antagonism between the capitalist economy, on the one hand, and democratic politics on the other. This mechanism, with its mixed blessings, has been an unchanging feature of western welfare societies...

Over the past two centuries or so, capitalism has undergone profound changes--economic cycles that veer from boom to bust--from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so...

"Our economy is neither overwhelmingly capitalist, as Marxist political economists argue, nor overwhelmingly a market economy, as mainstream economists assume. Both approaches ignore vast swathes of the economy, including the gift, collaborative and hybrid forms that coexist with more...