9 of 11 people found the following review helpful
Excellent but omits ecological challenges,
This review is from: Capitalism: A Very Short Introduction (Very Short Introductions) (Paperback)
This was the first book I read in the "Very Short Introduction" series. I was surprised by how substantial it is. It also seems quite balanced. References, suggestions for further reading and a 5 page index are included.
My overall impression is how strong capitalism is world-wide. That supports Fulcher's conclusion that reform must take place within capitalism rather than seeking a replacement for capitalism. However, when Fulcher writes that a "search for an alternative to capitalism is fruitless ... and no final crisis is in sight, or, short of some ecological catastrope, even really conceivable", how improbable is that ecological catastrophe?
As the globe warms and the oceans die, will the rich hold out expecting to be able to use their wealth to make their lives bearable as the rest of us suffer? Just how will capitalism respond to a growing pressure for sustainability? By not exploring the ecological challenges to capitalism, Fulcher has indeed introduced capitalism but not addressed its fate and ours later in this century. Although this is a "very short introduction", Michael Newman's "Socialism: A Very Short Introduction" and Colin Ward's "Anarchism: A Very Short Introduction" do address the ecological issue. Even if socialism and anarchism seem improbable and reform is possible within capitalism, it would have been useful to hear Fulcher's impression of whether and how capitalism might address the challenge of ecological sustainability.
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Initial post: 30 Aug 2012 15:15:59 BDT
Mr. B. J. Green says:
But that's the whole point of Capitalism, it adapts. You don't need to know exactly how much bread your going to send to Tesco so people don't starve in an area because Tesco will do it anyway to create profit. If a big demonstration is coming through the town one day there won't be not enough bread that day because Tesco will stock its shelves. As for depleting resources, when oil, for example, starts running out people will invest heavily in finding a new fuel because it ensures their buisness survival.
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