Raju J. Das, Ph.D. from The Ohio State University, is Professor at York University, Toronto. His research interests include Marxist political economy. His recent books include Marxist Class Theory for a Skeptical World, Marx’s Capital, Capitalism and Limits to the State.Aram Eisenschitz teaches at the Business School, Middlesex University, UK. His research interests include spatial political economy, urban planning and tourism. He and Jamie Gough are the authors of The Politics of Local Economic Policy and Spaces of Social Exclusion. Jamie Gough, Ph.D., taught at Sheffield University. His research interests include spatial political economy, local and national societies, theories of economic crisis, dynamics of the labour process, social reproduction, and poverty. He is author of Work, Locality and the Rhythms of Capital.

• AcknowledgementsList of Figures and Tables1 IntroductionRaju J. Das, Jamie Gough and Aram Eisenschitz2 Associationism: the New Social Democracy from BelowJamie Gough3 Social Capital and Class: a Critical Theoretical ExaminationRaju J. Das4 Social Capital in the Spaces of Civil SocietyRaju J. Das5 Social Capital at the Zone of Interaction between the State and Civil SocietyRaju J. Das6 The Social Economy and Socialist StrategyAram Eisenschitz and Jamie Gough7 Rooting Working Class Struggle in Locality, and Taking It beyondJamie Gough and Aram EisenschitzIndex

"The book provides a robust Marxist critique of what the authors term the ‘new social democracy’. [...] The authors critique this shift as a response to the global economic crises of the 1970s and the rise of neoliberalism, arguing that it internalizes many neoliberal tropes while offering minimal benefits to the working class. [...] By focusing on small-scale, localized solutions, these approaches risk perpetuating self-exploitation and reinforcing neoliberal norms rather than challenging them. [...] The authors argue that this approach offers a more effective and sustainable path toward addressing the challenges posed by global capitalism and neoliberalism." — V.Kalyani, in: Capital & Class, Vol. 49, Issue 2 (2025), pp. 381-392