From Satanic Mills to Machine Learning (eBook, PDF)

Western Technology and Global Markets in the 19th and 20th Centuries

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In the Biden multipolar era, Western Democracies face a dilemma: Should they keep marching behind the free market band, or should they engage the Asia new powers in a collegial governance of the common goods? This book looks for precedents that may guide deliberation. When the first age of globalization collapsed into WWI, Carl Polanyi wrote: 'While the various shades of anti-democrats each have their own story of the world catastrophe, the democrat has yet to produce his own' (Polanyi 2018, 177). The interwar period is described through the eyes of five witnesses: J.M. Keynes recalls the surr...

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