The Trouble with Capitalism
An Enquiry into the Causes of Global Economic Failure
The Trouble with Capitalism
An Enquiry into the Causes of Global Economic Failure
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Description
Recent instability in the financial markets has shaken confidence in the global economic order. Is the current variant of ?free market? capitalism in fact sustainable? This remarkable book explains its underlying economic fragility as a result of:
The growing redundancy of both capital and labour because of changing technologies and chronic slow growth since the 1970s;
The desperate struggle of organised capital to prevent its redundancy from being reflected in a 1930s-type collapse in the price of financial assets;
The consequent distortion of official policy -- in areas like corporate subsidies, taxation, pensions and privatisation -- to help maintain the value of capital.
This book exposes the sham of the laissez faire prospectus. In fact, state power and resources are increasingly propping up capital while pretending to roll back the frontiers of the state.
Table of Contents
1. The Origins of Modern Capitalism: A Brief History to World War II
2. The Post-1945 Economic Dispensation in the West
3. The End of the Boom and the Neo-classical Reaction
4. The Illusion of Orthodoxy
5. Incurable Addiction to State Support
6. Globalisation and the Power Vacuum
7. Technological Nemesis
8. Coping with the Capital Glut
9. Wider Symptoms of Disintegration: I - The Wreckage of Soviet Communism
10. Wider Symptoms of Disintegration: II - Third World Catastrophe
11. A Crisis of Legitimacy
12. Can the Profits System be Saved?
13. Political Paralysis
14. Essential Features of a Sustainable World Order
Index
Product details
| Published | 01 Jun 1998 |
|---|---|
| Format | Paperback |
| Edition | 1st |
| Extent | 256 |
| ISBN | 9781856495660 |
| Imprint | Zed Books |
| Dimensions | 216 x 138 mm |
| Publisher | Bloomsbury Publishing |
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