Our next PM Book Club, we’ll be discussing Nancy MacLean’s ‘Democracy in Chains’. An explosive expose of the man who devoted his career to shackling democracy – and succeeded. Libertarian billionaires are using their wealth & power to drastically curtail the US democratic process, disempowering ordinary citizens whilst entrenching the influence of corporations as never before. In Democracy in Chains, award-winning historian Nancy MacLean reveals how the ideas of Nobel Prize-winning political economist James McGill Buchanan have been used to undermine the power of voters in a country whose Constitution is founded on the principle ‘We the people’.

In a brilliant and engrossing narrative, Nancy MacLean shows how Buchanan forged his ideas about government in a last gasp … More

Born OTD in 1942, American Marxian economist, known for his work on economic methodology, & class analysis, Richard D. Wolff. Contemporary capitalism no longer “delivers the goods” (which is understood as a rising standard of real wages) to the majority of people. That classic defense of its instability (e.g. recurrent bouts of unemployment), its deepening economic, political, & cultural inequalities, & its attendant injustices is no lon­ger plausible. In the U.S. since the 1970s, & especially since 2007, those who control the dominant capitalist enterprises have made decisions that undermined the delivery of rising standards of living to the mass of people.

Who made the key decisions and why? The ‘who’ is straightforward: large corporations’ major shareholders (shareholding is highly concentrated in … More

An explosive expose of the man who devoted his career to shackling democracy – and succeeded. Libertarian billionaires are using their wealth and power to drastically curtail the US democratic process, disempowering ordinary citizens whilst entrenching the influence of corporations as never before. In Democracy in Chains, award-winning historian Nancy MacLean reveals how the ideas of Nobel Prize-winning political economist James McGill Buchanan have been used to undermine the power of voters in a country whose Constitution is founded on the principle ‘We the people’.

Democracy in Chains is a timely, important book, which should be read by anybody interested in the future of democracy. … More

Born OTD in 1961, Indian author, political activist involved in human rights & environmental causes, Arundhati Roy. In Capitalism: A Ghost Story, Roy examines the dark side of Indian democracy a nation of 1.2 billion, where the country’s 100 richest people own assets worth one quarter of India’s gross domestic product. Ferocious & clear-sighted, this is a searing portrait of a nation haunted by ghosts: the hundreds of thousands of farmers who have committed suicide to escape punishing debt; the hundreds of millions who live on less than two dollars a day.

It is the story of how the largest democracy in the world, with over 800 million voting in the last … More