The article discusses John Cassidy's book, which explores the resilience of capitalism in the face of crises, emphasizing how governments intervene to stabilize economies. Cassidy highlights the historical context of various critics of capitalism, including figures like Engels, Polanyi, and rural economists from developing regions. His work serves as a comprehensive overview of the economic left's perspectives, presenting informative biographies while intentionally avoiding deeper theoretical complexities. Ultimately, the theme revolves around the continual government support that upholds capitalism's structure, reflecting its adaptability over time.
Every time we have teetered close to the precipice, big government has swooped down to save the day. The name of the game is managed capitalism.
Cassidy steers clear of the theoretical thickets... but it would be churlish to complain about omissions in a book that finds room for 50 potted biographies.
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