Tuesday, May 09, 2023

Book Review by Branko Milanovic

 Capitalism Unchained by Krishna Nayar:

The book is impressive in the amount of detail it marshals, in Nayar’s erudition and his eye for the unusual and the absurd, and his take-no-prisoner style. However, there are also limits: the book deals only with West European countries, and only a select few of them (UK, France, Germany), and just in one segment with Russian pre revolutionary developments. It is also true that the selection of intellectuals that are targeted by Nayar’s often acerbic, and in some cases savage or funny, commentary is limited to the relatively small group of French and British intellectuals, sprinkled, for a good measure,  by a few Americans. The European intellectual scene was much broader than the people who were mentioned in the book. The book also does not deal with the rest of the world: Africa and the anti-colonial struggle are not present at all; Latin America is entirely absent; India is just mentioned in a few sentences; China is non-existent except for the Korean war. So, it is a book that in its geographical, as well as ideological, scope, and the selection of the people whom Nayar excoriates, is limited. Nevertheless, taking these limits into account it deals in a very persuasive manner with a critically important period in western political history and makes us rather fearful of the future.”

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