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Flawed Capitalism
The Anglo-American Condition and its Resolution

David Coates

£25.00 | $35.00
ISBN 9781911116332
£25.00 | $35.00
ISBN 9781911116349
320 pages | 234 x 156mm | June 2018
Series: Building Progressive Alternatives


The flaws in contemporary capitalism are everywhere evident. At home: inadequate economic growth; massive income and wealth inequality; stagnant real wages; entrenched poverty; unaffordable housing. Abroad: war; rampant abuse of human rights; environmental erosion; uncontrolled movements of both capital and people. The list goes on and on.

Understanding these flaws, and addressing them, is a key requirement of today’s polities. In this major new study by a leading scholar of American and British political economy, David Coates makes his own contribution to that understanding, by exploring the many-sided origins of economic under-performance and social division in the USA and UK, two countries, which at different times have led the capitalist world, and whose continuing flaws still shape it.

He probes beneath the specificities of the emerging crisis in both countries, locates the drivers of change in each, and reviews the political projects that have emerged to address those problems and divisions. He identifies the weaknesses that each political project contain and offers a blueprint for the construction – on both sides of the Atlantic – of a new social and economic settlement that might yet take us to a better and more stable future.

As the baby boomers pass the torch of leadership on to the next generation of political activists, the legacies of the immediate past frame the possibilities for the immediate future. David Coates’ Flawed Capitalism is, at one and the same time, a stock-taking of those legacies and a route-map to the best of those possibilities. For anyone keen to widen the options facing members of the millennial generation, and to ease the economic and social pressures now operating on them, Flawed Capitalism will be required reading.

Author Information

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

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