Tolerating avarice -- The rise of the strong but limited state -- Freeing the market... then defending it -- The community in the balance -- The pressure to promise -- The ICT revolution cometh -- The reemergence of populism in the industrial west -- The other half of the world -- Society and inclusive localism -- Rebalancing the State and the community -- Reinvigorating the third pillar -- Responsible sovereignty -- Reforming markets

The author posits that successful democracies require balance between competitive markets, honest governments and local communities. Currently, as markets scale up, states scale up too; Rajan offers an alternative: strengthening local communities