Author: Peter Drucker Published in 1939 , this was Drucker’s first major work. It is not a management book — it is political economy and social philosophy. The core argument: Fascism arose because liberal capitalism failed to provide social meaning and security after World War I. The “economic man” — the Enlightenment idea that humans are primarily rational, self-interested economic actors — collapsed under mass unemployment, inflation, and social humiliation. When economic systems fail to deliver dignity, people seek belonging in authoritarian movements. Central Thesis 1️⃣ Liberal Capitalism Assumed Stability 19th-century thought assumed: Free markets Individual rationality Limited government But this system depended on social cohesion and economic progress. 2️⃣ The Great Depression Broke the System Mass unemployment Middle-class collapse Political paralysis Economic insecurity became existential insecurity. 3️⃣ Totalitarian Movements Filled t...
Compendium on Work, Health , Learning , Social and Spiritual Aspects of Leading a Complete Life