New Book

Overripe Economy: American Capitalism and the Crisis of Democracy

20th Sep 2018


Overripe Economy: American Capitalism and the Crisis of Democracy

By Alan Nasser


From industrialisation to the present day, Overripe Economy is a genealogy of the emergence of a finance-ridden, authoritarian, austerity-plagued American capitalism.

This panoramic political-economic history of the country, surveys the ruthlessly competitive capitalism of the nineteenth century, the maturation of industrial capitalism in the 1920s, the rise and fall of capitalism’s Golden Age and the ensuing decline towards the modern era. Alan Nasser shows why the emergence of the persistent austerity of financialised neoliberal capitalism is the natural outcome of mature capitalism’s evolution, revealing both the key structural and political vulnerabilities of capitalism itself and points towards the kind of system that can transcend it.

At the centre Of the argument, is capitalism’s ultimatum: either a ‘new normal’ of persistent austerity, declining democracy and a privatised state, or a polity and economy characterised by an economic democracy that can ensure both higher wages and a shorter working week.


30% OFF THE BOOK (With a free ebook):

Enter the discount coupon: ‘OVERRIPE’ at the checkout


Alan Nasser is Professor Emeritus of Political Economy and Philosophy at The Evergreen State College in Olympia, WA and has lectured at universities across the world, including Oxford University. His writing over the last thirty years has dealt with political and economic issues, as well as legal theory, philosophy and psychoanalysis. He is a frequent contributor to CounterPunch and Monthly Review, and is a member of the Union for Radical Political Economists.


‘Offering an original analysis of late stage capitalism, this work connects the many individual grievances generated by capitalism into a powerful indictment of a system mired in social dislocation and repression. Nasser provides a resounding case for a sweeping transformation and reorganization of society on a fully democratic socialist footing’

– Barry Finger, Editorial Member of New Politics

‘We live in an age of mounting social inequality and declining political democracy. Overripe Economy offers a provocative analysis of these ills, based on a detailed reading of American history. Many will find Alan Nasser’s arguments controversial. But we very much need to engage this analysis as well as Nasser’s case for a democratic socialist alternative’

 – David McNally, author of Monsters of the Market and Global Slump


PAPERBACK: JUNE 2018 / 320 PAGES / ISBN 9780745337937 / £19.99