Democracy in Power with Sandeep Vaheesan

Money on the Left

We speak with Sandeep Vaheesan, legal director at the Open Markets Institute, about his forthcoming book, Democracy in Power: A History of Electrification in the United States (University of Chicago Press, 2024). Democracy in Power is a highly detailed work of political and institutional history that recounts the struggle over electric power generation in the United States. It is also an agile experiment in heterodox economic and legal theory, which treats both political and electric power as contestable and malleable public goods.

For Vaheesan, historical battles over electrification in the U.S. remind us that today’s green transition presents new opportunities for democratic participation and institution building. “Elected and other public officials in the United States who express a commitment to combating climate change … face a choice,” he writes, “decarbonize and maintain oligarchy or decarbonize and build democracy. Even as the net-­zero pledge has become a rallying cry in the fight against climate change, it should raise concerns for those committed to democracy.”

During our conversation, Vaheesan lays bare the tragedy of “dirty power,” the concentration of inordinate powers to shape the global climate into increasingly fewer and usually unaccountable private hands. At the same time, he charts a clear and hopeful path for a just and democratic transition powered by clean and green energy.

What is vital for this project, Vaheesan insists, is to expressly politicize and reshape the present monetary order in a manner that serves democratic rather than oligarchic control and interests.

Please preorder Democracy in Power today through the University of Chicago Press website.
For more on this topic, see our previous interview with Vaheesan on the Superstructure podcast.
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Music by Nahneen Kula: www.nahneenkula.com