Gerald F. Davis, "Taming Corporate Power in the 21st Century" (Cambridge UP, 2022)

What explains the rise of religious populism in contemporary Turkish politics and society? How does industrialization help to explain change and continuity in social and religious life in Muslim majority countries? In his new book Industrial Islamism: How Authoritarian Movements Mobilize Workers (University of California Press, 2025), Utku Balaban examines Turkey’s rapid post-Cold War industrialization and argues that the answers to these questions lie in a class analysis centered on the relationships between employers and employees situated within larger contexts of globalization and historical Islamization. Political and religious transformations occurring in the 1980s and 1990s are not the result of a cultural backlash to or rejection of “Westernization,” or a nostalgia for an idealistic past. Rather, Balaban argues they are related to the rise of a socio-economic-political class he calls the “faubourgeosie” that strategically employ Islamic populism as a method of protecting their interests against other primary class actors. These changes are internal to the mechanics and logics of capitalism as shifts in the traditional relations of production produced new alliances and networks based on small-scale capital accumulation. Balaban’s Turkish case study can be applied to other Muslim-majority countries in which small-scale industrialists similarly dealt with economic anxiety and aspirations through recourse to popular Islamist rhetoric not as a specifically moral strategy, but as a political one. Industrial Islamism recently received the best new book in the category of international political economy from the International Studies Association. Dr. Utku Balaban is an Associate Professor of Sociology at Xavier University. He is the author of A Conveyor Belt of Flesh: Urban Space and the Proliferation of Industrial Labor Practices in Istanbul’s Garment Industry (2011) and Social Inclusion Practices in Turkey (2015). Dr. Jaclyn Michael is an Associate Professor of Religion at the University of Tennessee at Chattanooga (USA). She is the author of several articles on Muslim cultural representation, performance, and religious belonging in India and in the United States. Learn more about your ad choices. Visit megaphone.fm/adchoices

Temptations in Ruin: Sovereign Accumulation and the Making of Post-Genocide Turkey (U Pennsylvania Press, 2025) examines the political-economic afterlife of the Armenian genocide in present-day Turkey, focusing on the region of Muş (Moush). Anthropologist Alice von Bieberstein explores how the 1915 genocide and dispossession of Armenians shaped property regimes, citizenship, and economic logics that continue to reverberate today.By combining ethnography with historical context and diverse perspectives, Temptations in Ruin generates new insights into how past violence shapes contemporary economic practices and social relations. To tell this history, von Bieberstein introduces the concept of “sovereign accumulation” to describe the ways in which the state and other actors mobilize histories of sovereign violence for present-day economic benefit. This framework illuminates the legacy of violence and resource extraction present in such practices as urban renewal projects, treasure hunting for “Armenian gold,” and heritage tourism and identifies these practices’ very existence as manifestations of the economic aftermath of the genocide.Temptations in Ruin uncovers the ways in which the genocide gave rise to a racialized property regime and a recursive movement of sovereign accumulation that builds on and re-animates the Armenian genocide as generative of wealth in the present. And it demonstrates the complex interplay between genocide denial, destruction, and valorization in post-genocide contexts. Highlighting the enduring resonance of genocide, von Bieberstein enhances our understanding of political violence’s long-term impacts on society and on the economy. Alice von Bieberstein is Assistant Professor of Social Anthropology at Humboldt University, Berlin. Learn more about your ad choices. Visit megaphone.fm/adchoices

⁠How Low Interest Rates Change the World: Global Trends Caused by Low Rates and Emerging Factors Shaping the Future of Rates⁠ (Oxford UP, 2025) explores the societal impact of changing interest rates. Taking its starting point in the remarkable four-decade decline in global interest rates from 1980 to 2020, the book examines five global trends it caused, the underlying factors that drove interest rates lower, and emerging trends likely to shape the future path of interest rates. The book contends that the steady decline in interest rates around the world from 1980 to 2020 played a pivotal role in shaping five significant global trends during the same period: soaring debt levels, escalating housing prices, surging stock markets, widening economic inequality, and increased financial risk-taking. The book also explores emerging factors likely to shape the future trajectory of interest rates. While demographic trends may keep rates low, other forces, such as rising public debt, can push them higher. The book offers its perspective on the interaction of these opposing trends, and presents its view on the future evolution of interest rates. How Low Interest Rates Change the World is a no-nonsense fact-based book written in plain language. A key feature of the book is its empirical approach and reliance on data. Figures and tables richly illustrate and support the arguments presented, thereby inviting a broad audience to follow its fascinating journey into the evolution of interest rates and their impact. Transcript ⁠here⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Information and communication technologies have fundamentally altered the markets for capital, labor, supplies, and distribution in ways that undermine the basic categories we use to understand the economy. Nationality, industry, firm, size, employee, and other fundamental terms are increasingly detached from the operations of the economy. If we want to understand and tame the new sources of economic power, we need a new diagnosis and a new set of tools. The broad consensus across the political spectrum in the US that monopolistic corporations – particularly Big Tech companies -- have grown too powerful, and that we need to revive antitrust to take on the 'curse of bigness' is mistaken. But both the diagnosis and the cure are rooted in an outdated understanding of how the American economy is organized. Listen to this interview about Taming Corporate Power in the 21st Century (Cambridge UP, 2022) Learn more about your ad choices. Visit megaphone.fm/adchoices

Former chief steward and union organizer Gordon Simmons joins Michael Stauch to discuss his new book on the history of labor struggles by public sector workers in West Virginia since 1969. With an emphasis on rank-and-file rebellion expressed through wildcat strikes and other job actions, Simmons provides a sweeping account of the past that has rich lessons for the present.   Highlights include: ●      A discussion of wildcat strikes and why West Virginia’s public sector workers waged them, again and again, in this period; ●      How a teacher wearing blue jeans sparked a battle over expressions of the counterculture in workplaces across West Virginia; ●      Why New Democrats like Joe Manchin sided against rank-and-file rebellion among public sector workers in Virginia; ●      How West Virginia public school teachers in 2018 used Facebook to organize a walkout that defied the union and won significant concessions from the state; ●      The joy of participating in “collective hell-raising” with co-workers and friends.   Guest: Gordon Simmons is a retired union organizer and president of the West Virginia Labor History Association. He is now employed as an investigator for the Human Rights Commission for the state of West Virginia and as an adjunct professor in philosophy at Marshall University. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a world shaken by crises, why does the dollar continue to dominate? In Dollar Dominance: Why It Rules the Global Economy and How to Challenge It (Policy Press, 2025) Photis Lysandrou explores the interaction between global instability and the enduring strength of the dollar. Drawing on examples from the 2008 Great Financial Crisis to the COVID-19 pandemic and Russia's invasion of Ukraine, the author reveals how uncertainty and instability in global trade, production and politics drives investors towards the safety of the dollar, reinforcing its dominance over other currencies. With clear and insightful analysis, Lysandrou reveals the true global financial foundations of dollar dominance, and lays out what it would take for other currencies such as the Euro to challenge its position Learn more about your ad choices. Visit megaphone.fm/adchoices

Markets of Pain offers a sweeping history of the business of licit opium--following cultivators, merchants, scientists, and policymakers--and shows how this potent crop reshaped global trade, medicine, and geopolitics. For centuries, opium has been a source of both profit and peril, its legacy entangled with addiction, imperialism, and the complex interplay of global trade and national development. While the illicit opium trade is infamous, the history of licit opium--how it was farmed, refined, and used to build modern medicine and shape state power--has remained largely untold.Drawing on archival sources from Asia, Europe, and the United States, Markets of Pain: Opium, Capitalism, and the Global History of Painkillers (Oxford UP, 2026) traces the global arc of licit opium from poppy fields and processing plants in India, Turkey, and Australia to the clinics and laboratories of modern medicine. It shows how both the Ottoman Empire and the Turkish Republic treated the opium poppy as a national resource and a means of securing global stature. In postcolonial India, by contrast, nationalist leaders initially rejected opium's imperial legacy before embracing its strategic value amid the shifting currents of the Cold War. At the heart of this story are the cultivators, scientists, bureaucrats, and policymakers who shaped the licit opium trade and grappled with its far-reaching consequences. Their work and visions demonstrate how colonial empires and postcolonial states helped forge the global pharmaceutical industry as it struggled to govern a drug it could not abandon.Markets of Pain reveals how a seemingly marginal crop became an unlikely engine of modernization, a tool of Cold War geopolitics, and a harbinger of today's global opioid crisis. Blending vivid scenes from opium's fields and factories with incisive analysis of scientific and diplomatic archives, Benjamin Robert Siegel recovers a buried history with urgent relevance for global supply chains, international power, and public health. Markets of Pain offers an account of the global drug trade in the twentieth century, focusing on the transformation of opium from a colonial commodity into a modern resource for the American and European pharmaceutical industries. Challenging simplistic ideas of licit and illicit drugs in the twentieth century, it reveals how the modern global drug regime was formed by India and Turkey's navigation of the international anti-opium movement, the rise of the pharmaceutical industry, and the complex relationship between agriculture, medicine, and global capitalism. Learn more about your ad choices. Visit megaphone.fm/adchoices

In an ever-shifting work landscape, leaders can no longer ignore their most overlooked stakeholders—their employees. In The Employee Advantage: How Putting Workers First Helps Business Thrive (PublicAffairs, 2024), behavioral economist Stephan Meier explains why organizations must value their employees as much as—if not more than—their customers: those that pivot toward an employee-centric model will be more profitable, innovative, and appealing to top talent. Through case studies of Fortune 500 companies like Costco, DHL, and Best Buy as well as smaller organizations, Meir shows why employees care about more than just money when it comes to their jobs—the same way customers care about more than just price, what mindset shifts are essential to becoming an employee-centric workplace, and how improving the employee experience benefits the business and bottom line. Learn more about your ad choices. Visit megaphone.fm/adchoices

Can art change the contemporary world? In Feminism, Art, Capitalism Angela Dimitrakaki, a Professor of Contemporary Art History and Theory at the university of Edinburgh, offers a Marxist Feminist perspective on a variety of issues in both society and the cultural sector. Engaging with a huge range of examples, as well as theorising key issues such as work and labour, the long modern, communing practices and technology, the book offers a global perspective on the contradictions that feminism faces under capitalist culture. A rich examination of the book will be of interest across the humanities, as well as for anyone interested in the importance of art today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Epochal Crisis: The Exhaustion of Global Capitalism (Cambridge UP, 2025) is the most recent book from Professor William Robinson, Distinguished Professor of Sociology at the University of California, Santa Barbara. This title is the latest in excellent and ground-breaking titles from Professor Robinson in a distinguished career, where he began writing books on United States intervention into Nicaragua in the late 1980s and early 1990s, expanding this focus on United States hegemony more broadly in the ground-breaking book Promoting Polyarchy in 1996, up to then grappling with the totality of the capitalist world system more recently in titles such as The Global Police State in 2020, Can Global Capitalism Endure in 2022, and War, Global Capitalism and Resistance in 2024, alongside many other books. Professor Robinson’s latest instalment we discuss in this episode, Epochal Crisis, tracks the multifactorial crises that are impacting the global capitalist system today, across economic, social, ecological, political and other dimensions, and how these intersecting and overlapping crises are degrading or exhausting the ability for capitalism to renew itself. This contemporaneous epochal crisis, as Professor Robinson carefully details, is catalysing morbid symptoms that express themselves as wars, unprecedented violence, ecological emergencies, rock-bottom political legitimacy and a host of other dangerous and cataclysmic effects. Epochal Crisis is both a wide-ranging and extensive investigation into the current, overlapping and intersecting crises that are plaguing the world capitalist system, as it appears in its final, violent death throes, and also a highly engaging work that is easy to digest and will help you understand the very naked reality of capital crisis that is so obvious to us all today. Thankfully, Professor Robinson also addresses what we can do in this latest, perhaps final, epochal breakdown of the capitalist system, to find some revolutionary hope in these dark times. Elliot Dolan-Evans is a sessional lecturer and tutor in law at Monash University and RMIT. His research investigates the political economy of global capitalism, forms of international governance, and questions of war and peace. His first book, Making War Safe for Capitalism: The World Bank, IMF and the Conflict in Ukraine, is now out with Bristol University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices