“Capitalism: A Global History" with Sven Beckert

In this episode, we feature historian Sven Beckert discussing his sweeping new book, “Capitalism: A Global History.” We dig into how capitalism emerged over the last thousand years, why it’s not just “markets” but a specific, historically created social order, and how it became a genuinely global system built on “connected diversity” of labor regimes—from wage work and peasant farming to slavery and colonial extraction. Beckert explains the crucial role of state power, empire, and the countryside in capitalism’s rise, and traces how different historical phases—mercantile, industrial, and neoliberal—have reshaped our world. We also talk about capitalism’s dual legacy of technological dynamism and staggering inequality, and why “denaturalizing” capitalism matters for how we think about today’s crises, from inequality to climate change.

If you’re interested in the history of capitalism, global political economy, or the roots of our current social order, this conversation offers an accessible big‑picture overview from an author recognized as one of the world's leading scholars on the history of global capitalism, 19th-century United States history, and labor.

About Sven Beckert

Sven Beckert is the Laird Bell Professor of History at Harvard University and one of the leading historians of capitalism working today. Born in Germany and trained in history, economics, and political science before earning his PhD at Columbia University, Beckert’s research focuses on the economic, social, and political history of capitalism in the nineteenth-century United States and from a global perspective. He is the author of the widely acclaimed “Empire of Cotton: A Global History”—winner of the Bancroft Prize and a finalist for the Pulitzer Prize. At Harvard, Beckert co-chairs the Program on the Study of Capitalism and the Weatherhead Initiative on Global History, teaches courses on American and global capitalism, and has helped lead major projects on the university’s historical ties to slavery, while receiving numerous honors and fellowships, including a Guggenheim Fellowship and election to the American Academy of Arts and Sciences.

Order the book: https://www.penguinrandomhouse.com/books/541160/capitalism-by-sven-beckert/

Sven’s Website: https://www.svenbeckert.com/  

Sven’s Substack: https://substack.com/@svenbeckert

Greg’s book review on MLToday: https://mltoday.com/thinking-about-capitalism/

Pat’s Substack: https://patcummings.substack.com/ 

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