Analysing how marketization is promoting political authoritarianism across the world, Peter Bloom tells a story of authoritarian progress in which capitalist sovereignty is replacing liberal and social democracy. In doing so, Bloom rethinks the structural and discursive role of sovereign power within capitalism, illustrating how the free market relies upon a range of authoritarian political fantasies not just for its growth but for its very survival. This fully updated edition reveals how this had led to an evolution from corporate globalization to a new era of 'popular authoritarianism', based on the political competition between far-Right ethno-capitalism and politically repressive capitalist democracy. Exploring new perspectives such as "the commons" and "degrowth development", it points to new possibilities for resisting authoritarian capitalism and reinvigorating democracy.

The unique insights in this book will prove invaluable for students and scholars of political science, economics, development and organization studies, international relations and sociology. It will also be of interest to practitioners concerned with globalization, political authoritarianism, and the expansion of the free market.