This is a fascinating inquiry into the factors that determine the acceptance or rejection of capitalism by the industrial working class. Combining classical social theory, historical evidence, and survey data, Waisman explores the relationship between the degree of modernization and the legitimacy of the capitalist social order.

Propositions about the interaction between established elites and emerging working classes are illustrated with three typical cases: Disraelian Britain, Bismarckian Germany, and Peronist Argentina. From the contrasting theories of Marx and Bakunin, the author...