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The Insatiable Machine: How Capitalism Conquered the World

The Insatiable Machine: How Capitalism Conquered the World

by Trevor Jackson

W. W. Norton & Company ·2026 ·320 pages
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About This Book

A concise, colorful, and convincing account of capitalism's rise to global dominance. Today, virtually the entire world lives under the economic system called capitalism, and most people alive have never known another. But as the economic historian Trevor Jackson argues in this powerful book, It wasn't always capitalism, it didn't have to be capitalism, and capitalism didn't have to be this way. How did it happen? With a firm grasp on history and economics and a keen eye for the telling anecdote, Jackson explains the rise of capitalism from the discovery of the New World to the First World War. A fast–paced work of global history that explores the role of Chinese mulberry trees, Dutch tulips, and whale blubber—along with Spanish conquistadors, Mexican mine workers, and English bankers—The Insatiable Machine traces capitalism's development from the accidental construction of an international monetary system to the creation of banking, the emergence of a new form of slavery, fossil–fuel industrialization, and finally the global capitalist system spread by imperialism.


Reviews

"Capitalism and mass consumption are not the only ways to live, and Jackson prompts readers to recognize that they have the power to bring about change."

Jennifer Adams· Booklist Read review ↗ Near the Top

"A compact and vivid account of several centuries of capitalist expansion ..."

Jennifer Szalai· The New York Times Read review ↗ Top of the Pile

"A lucid history that invites readers to consider how human life might be organized otherwise—no easy task."

Kirkus Read review ↗ Top of the Pile

"What truly sets The Insatiable Machine apart from a crowded field, however, is the incisiveness of Jackson's analysis."

Scott W. Stern· The New Republic Read review ↗ Top of the Pile

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