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Review
'This has been the most interesting discussion with an economist I have ever had in my life' --George Galloway, Press TV
Product Description
Since 2008, we have found ourselves confronted by an historic financial holocaust that world leaders have struggled to come to terms with. All have wilfully ignored its long-term, systemic causes and are thus unable to chart a way to survival. As explained by Harry Shutt who was almost alone in foreseeing such a disaster in the 1990s (in The Trouble with Capitalism) their continued denial stems from a vested interest in maintaining a capitalist profits system which is not only as destructive as it was in the 1930s but as outmoded as feudalism was in 1789. Thus it can now only be sustained by an increasing reliance to official misinformation, massive criminal fraud and the ever greater dependence of private corporations on state subsidy. This book makes clear why the desperate resort of Western governments to 'extraordinary measures' to try and avert economic collapse is bound to fail. It also forcefully demonstrates why our only hope of reversing the tide is to abandon the traditional economic logic of endlessly expanding production in favour of responding to the aspirations of ordinary people. Such a transformation, argues Shutt, would make possible the allocation of resources to more socially desirable ends, including the assurance of basic economic security for all as a right of citizenship.
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3 of 4 people found the following review helpful
Format:Paperback
For anyone concerned about the way capitalism is going or not going this book is helpful in repositioning the mind by analysing the accepted views of late capitalism and the way we view the world
While the book does not exactly offer solutions to the crisis of capitalism it does suggest ways which could, at least in the short term, ameliorate its worst excesses and possibly point a path to the future.
While the book does not exactly offer solutions to the crisis of capitalism it does suggest ways which could, at least in the short term, ameliorate its worst excesses and possibly point a path to the future.
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