100 books like The Populist Temptation

This is one of the most influential books on economic globalization written in the last decade, and it will certainly continue to be crucial to understand the future of globalization.

Rodrik’s Globalization Paradox pinpoints the key policy trade-offs in a globalized economy: If policymakers opt for “hyper-globalization” while insisting on national decision-making, they could find their societies in the “golden straitjacket” of global capitalism.

Alternatively, they could give up sovereignty to democratically legitimized “global governance”.

As the latter is difficult to achieve and often unacceptable to national policymakers, Rodrik argues for limiting hyper-globalization.

The existence of a globalization paradox as well as Rodrik’s conclusion, has been hotly discussed, but the ongoing debate only proves the importance of his book.

What holds the future of globalization in store?

I learned a lot from Baldwin’s insightful book, which posits a fast and dramatic rise of digital service trade between high- and low-wage countries.

Such services could range from well-known digital back-office services, such as airline ticketing in India, to more speculative “global robotics”, dubbed “globotics”, such as cross-border controlling of robots via virtual reality devices.

Baldwin points to new opportunities emerging to developing economies that hitherto were unable to gain from the globalization of manufacturing value chains. But he also warns of potentially dramatic social consequences in high-wage countries.

Whether you agree or disagree with his diagnosis, this is essential reading to be prepared for the next wave of globalization and its potential social disruptions.

I enjoyed this book because it provides a demanding, essential, and controversial reading.

Nobel laureate Joseph Stiglitz and his long-time co-author Bruce Greenwald make three crucial points: First, learning is the key to innovation and thus to economic and societal progress; second, many of our institutions, especially the strong protection of intellectual property rights often inhibit learning and innovation; and third, openness to trade is not always the best way to promote learning.

Instead, the authors advocate “an infant-economy protection” of the entire manufacturing sector in developing economies.

Whether or not you follow the authors in their conclusions, this book is an intellectual treat for anyone who enjoys a challenging read.

Financial Times columnist Martin Sandbu laments “the end of belonging”, a decades-long but unwritten social contract in postwar Western-style social market democracies that promised boomers and their parents broadly shared prosperity.

Being a boomer myself, I know all too well what he is talking about. However, he argues that globalization is often used as a scapegoat, and posits that national policies to offset the negative side effects of (global) markets are feasible even in a globalized world.

He proposes a range of policies from wealth taxes to minimum wages, active labor market policies, and macroeconomic stimuli to create a high-pressure economy, but emphasizes that it is crucial to put together a comprehensive package of all suggested policies to make (global) markets work for everyone.

Zingales is a brilliant academic economist, but this book leads the reader with both head and heart. Zingales is concerned that the US is on a path to similarities with his native Italy, where markets and politics are both corrupted by cronyism and nepotism. The book’s appeal is that Zingales's compelling argument cannot be put in a left or right box. He lays out evidence to suggest that more open competition will address both the inequality concerns of liberals, as well as the free market priorities of conservatives. Today, Zingales seems to suggest, we have the worst of both worlds.

Rajan’s book is an underappreciated perspective on what’s happening in markets today. Rajan is best known as the economist in 2005 who warned the financial community of the impending 2007 financial crash and was criticized for being misguided. In his 2019 book, he notes the problems of the first two pillars (Big Business and Government) in these financial crises and the importance of the third pillar (the Community) is solving the problem. Rajan and I agree on this notion, as the “Community-Based Supply Chain” is the foundation for my solutions needed in today’s communities and US economy.

The book addresses a dozen key challenges in our collective future.

Though the chapters are uneven in quality, I found that the book had many good ideas on how to address these challenges. The editors encourage broad community consultations regarding our futures, systems analysis of how challenges interact, and policy experimentation.

Cultural Backlash is aimed at sorting out the roots of the recent rise of what the authors call authoritarian populism, which is much the same thing as plutocratic populism.

They locate its origins in a backlash against the social consequences and policies that grew from socio-economic shifts that began in the 1960s and 1970s.

These include, obviously enough, the sexual revolution and changing gender norms, the civil rights movement and the increasingly multi-racial and multi-cultural character of modern societies, and the turn toward values that Inglehart, decades ago, termed post-materialist.

The book is distinguished by the vast amount of quantitative data it presents and deploys to illustrate its central argument.  

Women’s emancipation has made substantial strides in many parts of the global west since the 1970s. Yet, despite the fact that women still remain disadvantaged and discriminated against in many spheres of life, there has been, more recently, a powerful backlash against feminist ideas and practices. Nowhere is this more visible than in the populist right-wing movements that have merged anti-feminist, racist, and national discourses to provide a powerful ideological mix of masculinist identity politics that attacks gender and sexual diversity and seeks to influence sex education in schools. This book analyzes these discourses but it also provides intriguing insights into why somethings women are attracted to anti-feminist new right populisms.

Enzo Traverso is a gifted thinker, the sort who doesn’t simply change his readers’ minds but rather reshapes how they might even begin to perceive the world around them.

He offers his readers intense, tragic, and peculiarly inspiring visions of the modern world. In The New Faces of Fascism, Traverso considers the twenty-first century radical right, the right of Éric Zemmour, the “great replacement,” MAGA, the Golden Dawn, and Brexit. Unlike simplistic critiques posing the new right as the “return” of fascism, Traverso’s method for understanding the new right begins with the recognition that it “inevitably awakens the memory of fascism.” Fascism haunts our world. It is a ghostly presence in the present.

Read New Faces of Fascism alongside From Fascism to Populism in History, written by another of the great present-day historians of fascism, Federico Finchelstein, and feel the press of the past on the politics of… show more.