Slouching Towards Utopia
Slouching Towards Utopia
J. Bradford DeLong
David Frum
It's a book of big ideas, but fascinatingly illumined by the small details of how growth & progress happened. - David Frum
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Slouching Towards Utopia

Slouching Towards Utopia: An Economic History of the Twentieth Century

J. Bradford DeLong
By
J. Bradford DeLong
4.0
1842
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In "Slouching Towards Utopia," J. Bradford DeLong, an esteemed economist, embarks on a sweeping journey through the transformative period of 1870–2010, offering a comprehensive narrative that meticulously charts the explosion of technological and economic growth that promised to reshape the human condition, yet paradoxically left us grappling with discontent and inequality. This masterful account delves into the great invention sprint that dramatically accelerated human progress, doubling our technological capabilities with each passing generation and ushering in an era of unprecedented material wealth. Through DeLong's incisive analysis, we explore the multifaceted dimensions of this era: the astonishing advancements, the burgeoning global economy, and the complex challenges—global warming, economic depressions, and escalating inequalities—that emerged alongside prosperity. DeLong's work stands as a monumental testament to the last 140 years, revealing the intricate dance between human ingenuity and the elusive quest for happiness and fulfillment. With a keen eye for detail and a profound understanding of economic principles, "Slouching Towards Utopia" navigates the paradoxes of progress, offering readers a deep reflection on the achievements and disappointments of the modern age. It is not merely a history of economic evolution but a critical examination of how, in our pursuit of material wealth, we have simultaneously advanced and compromised our collective aspiration towards a utopian ideal. This book is an essential read for anyone seeking to understand the complexities of our shared history and the nuanced ways in which prosperity, discontent, and the pursuit of an ever-distant utopia have shaped the human experience.

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Released
2022
6 Sep
Length
624
Pages

1

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recommendation

It's a book of big ideas, but fascinatingly illumined by the small details of how growth & progress happened. - David Frum
Before the twentieth century,ideology- as opposed to religion - did not kill people by the millions and tens of millions. The stakes were not thought to be worth it. Such enthusiasm for mass murder awaited the combination of aristocratic militarism, really-existing socialism, and fascism. Thus it was only in the twentieth century that utopian aspirations about how the economy should be organized led nations and global movements to build dystopias to try to bring the utopian future closer. And then they turned around and justified the dystopia: compromises must be made, and this is as good as it is going to get.My view is that too much mental and historical energy has been spent parsing differences between movements that are justly classified as dystopian, and even totalitarian, in aspiration. Time spent on such a task is time wasted, given their commonalities - if not in formal doctrine, then at least in modes of operation. The guards of Auschwitz, Majdanek, Treblinka, Dachau, and the rest were very like the guards of the Gulag Archipelago.Rather, mental and historical energy should be focused on where these movements got their energy. Why was the world unable to offer people a society in which they could live good lives? Why was a total reconfiguration necessary? Karl Polanyi saw fascism and socialism as reactions against the market society's inability or unwillingness to satisfy people's Polanyian rights. It could not guarantee them a comfortable community in which to live because the use to which land was put had to pass a profitability test. It could not offer them an income commensurate with what they deserved because the wage paid to their occupation had to pass a profitability test. And it could not offer them stable employment because the financing to support whatever value chain they were embedded in also had to pass a profitability test. These failures all gave energy to the thought that there needed to be a fundamental reconfiguration of economy and society that would respect people's Polanyian rights. And the hope of millions was that fascism and really-existing socialism would do so.Instead, both turned out to erase, in brutal and absolute ways, people's rights, and people's lives, by the millions. So why were people so gullible? The German socialist Rosa Luxemburg in 1919 could see the path Lenin was embarked upon and called it 'a brutalization of public life: attempted assassinations, shooting of hostages, etc.' The German liberal Max Weber, writing in 1918, could also foresee what would become of Lenin's sociological experiment, saying it would end 'in a laboratory with heaps of human corpses.' Similarly, the British diplomat Eric Phipps wrote in 1935 that if Britain were to take Hitler'sMein Kampfseriously and literally, 'we should logically be bound to adopt the policy of a "preventive" war.'The dangers of a fascist turn were clear. The unlikelihood of success at even slouching toward a good society of those who took that turn ought to have been obvious.Utopian faith is a helluva drug.
— J. Bradford DeLong, Slouching Towards Utopia

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