Michael A. McCarthy

Fellow, Corporate Power

As a fellow at the Roosevelt Institute, Michael A. McCarthy researches and writes about public-interest financing, including mechanisms for more democratic, less shareholder-controlled retirement funding and renewable energy deployment.

Finance capitalism has worsened social inequality, deepened poverty, increased macroeconomic instability, and hastened the degradation of the climate. How might democratic processes be created for investing in the social and environmental good? Michael A. McCarthy’s work aims to solve these intertwined dilemmas through activism, social theory and policy design. An associate professor of sociology at Marquette University, Michael holds a PhD and an MA from New York University and a BA from the University of California, Los Angeles. He is the author of the award-winning book, Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal (Cornell University Press 2017), which explains the financialization of old-age income in the US. He has written for several peer-reviewed journals, including Annual Review of Sociology, Critical Historical Studies, Critical Sociology, Politics & Society, Socio-Economic Review, and Sociological Theory. His second book, The Master’s Tools: How Finance Wrecked Democracy (and a Radical Plan to Rebuild It), will be published in 2024 by Verso Books.