Mid-twentieth-century capitalism has turned into global capitalism, and global capitalism - turbocharged, Web-based, and able to find and make almost anything just about anywhere - has turned into supercapitalism. But as Robert B. Reich makes clear in this eye-opening book, while supercapitalism is working wonderfully well to enlarge the economic pie, democracy - charged with caring for all citizens - is becoming less and less effective under its influence. Reich explains how widening inequalities of income and wealth, heightened job insecurity, and the spreading effects of global warming are the logical outcomes of supercapitalism. He shows us why companies, fighting harder than ever to maintain their competitive positions, have become even more deeply involved in politics; and how average citizens, seeking great deals and invested in the stock market to an unprecedented degree, are increasingly loath to stand by their values if it means biting the hands that feed them. As one of America's most influential voices, Reich sets out a clear course to a vibrant capitalism and a concurrent, equally vibrant democracy.

Not since the Second World War has there been such a gulf in wealth, income and power between the rich and the rest of the population of Canada. The fight against the deficit has been largely won and economic growth has resumed, but a deeply divided society is emerging. On the one side are the winners-the small minority who have struck it rich from corporate profits and stock markets. On the other side is the majority-facing meagre gains or even losses in income. Conflict between the classes has returned with a vengeance to become the most important issue of our time. In The Undeclared War , James Laxer cuts through the headlines and the conventional interpretations to reveal the truth about the new class war and what it means for North Americans.

This is the fifth in the important series of essays by the former editors of Monthly Review analyzing the ongoing crisis of global capitalism. Following the multiple interconnected stock market crashes of October 1987, the economies of the capitalist world entered a new and dangerous phase of the crisis that began in the 1970s with the end of the post-WWII boom. Sweezy and Magdoff argue that far from being a temporary setback, the events of late 1987 are rooted in the nature of the capital accumulation process itself and therefore unlikely to be reversed. Their argument is especially prescient when viewed in light of the financial meltdown of 2008.