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Capitalism As If the World Matters Hardcover – 1 Oct. 2005
by
Jonathon Porritt
(Author)
| Jonathon Porritt (Author) See search results for this author |
As our great economic machine grinds relentlessly forward into a future of declining fossil fuel supplies, climate change and ecosystem failure, governments are at long last beginning to question the very structure of the global economy. In this fresh, politically charged analysis, Jonathon Porritt wades in on the most pressing question of the 21st century: can capitalism, as the only real economic game in town, be retooled to deliver a sustainable future? Porritt argues that indeed it can, and it must, as he lays out the framework for a new ?sustainable capitalism? that cuts across the political divide and promises a prosperous future of wealth, equity and ecosystem integrity.
- ISBN-101844071928
- ISBN-13978-1844071920
- Edition1st
- PublisherRoutledge
- Publication date1 Oct. 2005
- LanguageEnglish
- Dimensions16.51 x 3.18 x 23.5 cm
- Print length352 pages
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Product description
Review
'A message that businesses may find they are surprised to agree with.' Financial Times '... could not have come at a more timely and critical moment ... A vital contribution to the most compelling issue of our times.' Will Hutton, author of The Writing on the Wall: China and the West in the 21st Century '... the best account of where we are now and how we might move ahead. Porritt's book is a brave and important working draft for an essential positive alternative.' The Observer 'To renew and rebuild, we need to listen to the voices of the few truly selfless and thoughtful individuals among us, and Jonathon Porritt is one of them.' James Lovelock, creator of the GAIA theory 'One of the most prominent voices promoting green issues over the last 25 years.' Former UK Prime Minister Tony Blair 'This is a very thoughtful and timely book. Many of those working towards a more sustainable future for our planet see capitalism as a big part of the problem. And with good reason. But if capitalism and free markets cannot be bent towards sustainability - towards being part of the solution - then I believe there is no solution. Hence the importance of this book. Read it.' Lord May, President, The Royal Society 'This is a genuinely important book by one of Britain's most eminent environmentalists' Jonathan Dimbleby, political commentator and broadcaster 'As ex-chair of the Green Party, one-time director of Friends of the Earth, and co-founder and Director of Forum for the Future, Porritt is possibly the best person to write a book such as this. The reader can feel confident that his views are based on a desire to create a sustainable future rather than less laudable reasons ... an important factor when dealing with such a revolutionary book.' Pauline Thomas, The Waste Paper 'No US authors have matched this book's treatment of the interconnections between the environment, finance and economy, industry and technology, psychology and politics. Porritt depicts chilling vignettes, and decries greed and unbridled materialism without impugning business as a whole ... The book invites and repays detailed study.' Choice 'This book is excellent, readable, comprehensive and ultimately quite optimistic. Essential reading for anyone interested in the world, the environment, humanity or the future.' Warmer Bulletin 'This book may well challenge any Christian environmentalists that see capitalism as the enemy.' Methodist Recorder 'In this brilliant and timely book Porritt has thrown down the gauntlet and provided the necessary data and analysis on our collective dilemma.' David Lorimer, Scientific and Medical Network Review 'Too many environmentalists see capitalism as the enemy. Porritt grapples with its reality - a system capable of delivering sustainability and enhancing wellbeing, but only if we think carefully about what form of capitalism we want. This book stimulates that thinking.' Adair Turner 'All too often, NGOs have to campaign against commercial activities that cause environmental degradation around the world. Our message about unsustainable lifestyles is increasingly understood, but greater thought leadership among business and governments is needed. In this refreshing observation of capitalism, Porritt positions the opportunities provided by sustainable development brilliantly.' Robert Napier, Chief Executive, WWF-UK 'Here's a compelling book that should sound the trumpet for a whole new generation of engaged and optimistic young people, establishing once and for all that we still have choices - we don't have to sleepwalk our way into the future.' David Puttnam 'Porritt has applied a decade of experience with business and government to address the dilemma that, while capitalism is the most effective system for satisfying human needs, that process is putting intolerable strains on our ecology and climate. The book is a lively and penetrating discussion of how we can build on growing business interest in the challenges and opportunities.' Mark Moody-Stuart, Chairman, Anglo American plc Porritt's green credentials are unquestioned, and I was impressed by his obvious desire to try and reconcile the gulf between environmentalists and supporters of capitalism.� � The Tablet (Catholic Weekly) Jonathon Porritt has done us all a service by synthesizing a compelling vision of the goals we must steer towards, the main stages of the journey, and how each of us can joyfully bend to our oar. The breadth and incisiveness of his vision oblige us to be grateful, attentive, and engaged.' From the Foreword by Amory B. Lovins 'We need more people like Porritt ... prepared to ... find the best ways to save both the environment and the capitalist system' Professional Investor
About the Author
Jonathon Porritt CBE is Co-Founder and Programme Director of Forum for the Future. A leading adviser to business and industry, he was appointed by the Prime Minister as Chairman of the new UK Sustainable Development Commission. He is Co-Director of The Prince of Wales?s Business and Environment Programme.
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Product details
- Publisher : Routledge; 1st edition (1 Oct. 2005)
- Language : English
- Hardcover : 352 pages
- ISBN-10 : 1844071928
- ISBN-13 : 978-1844071920
- Dimensions : 16.51 x 3.18 x 23.5 cm
- Best Sellers Rank: 1,333,030 in Books (See Top 100 in Books)
- 555 in Economic Systems
- 652 in Environmental Philosophy
- 1,708 in Ecology (Books)
- Customer reviews:
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Reviewed in the United Kingdom on 10 October 2018
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Comprehensive and intelligent review of the most important issue facing wo/mankind
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Reviewed in the United Kingdom on 14 January 2018
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Reviewed in the United Kingdom on 21 July 2014
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Very good although difficult read! Arrived in god time and in good condition. Many thanks.
Reviewed in the United Kingdom on 29 December 2010
First published in 2005 and issued in a revised edition in 2007, Jonathon Porritt's book has played an important part in arguing the case that not only can capitalism and sustainability go together, but moreover that a reformed version of capitalism is essential to achieving sustainability.
This view sets Porritt apart from many of his former colleagues of his from his six years as chair of the UK Ecology Party (now the Green Party) and another six heading up Friends of the Earth. It made - and makes - his book controversial in many green circles but also makes the book appeal to business people who Porritt wishes to persuade to change their ways. "Like it or not (and the vast majority of people do), capitalism is now the only economic show in town," argues Porritt. The success of forms of capitalism at reducing poverty around the developing world has strengthened his case since even the revised edition.
It is an optimistic book for, as Jonathon Porritt writes, "There's so much to be hugely hopeful about - technologically, politically, spiritually ... Capitalism has always been a self-correcting system, capable of startling and seemingly `unthinkable' shifts at precisely the moments when those shifts are most needed". Optimism does not just reflect Porritt's outlook; he also argues that it is necessary for success: "changes have also to be seen as desirable changes: good for people, their health and their quality of life - and not just good for the prospects of future generations ... This means working with the grain of markets and free choice, not against it."
"Market-based, properly regulated capitalism is still capable of meeting today's daunting challenges ... [but] we will need to engineer tomorrow's world, step by step with great determination. It won't just happen by chance," says Porritt.
Tomorrow's world needs to be different in two main respects, according to this book: it needs to be sustainable and it needs to prioritise well being over financial wealth and economic growth.
On this point, Porritt cites JM Keynes's distinction between relative and absolute wants: "Keynes pointed out that our absolute wants (those which we feel regardless of our relative position in society) are limited and finite; it is our relative wants (those which we feel in comparison to what others have in society) that are apparently insatiable".
In this respect, therefore, the book is very much in line with arguments made by others such as The Spirit Level: Why Equality is Better for Everyone that, in developed first world economies, the link between well being and economic growth is extremely weak. As Porritt puts it, "What gives this analysis extra bite is the linkage between declining levels of contentment and inequality: the greater the inequality of income distribution within a developed country, the higher the levels of dissatisfaction and alienation - with the interesting exception of Singapore".
The book has some radical prescriptions, particularly on social justice's role in ensuring sustainability: "No serious definition of the word `sustainable' could possibly allow for a continuation of the grotesque disparities in wealth that we see today, both within countries and between countries". But, more generally Porritt, "demands a reform agenda, however radical it may appear to some, [but] not a revolutionary agenda".
That is what the book details, often more in textbook than polemic style, providing a comprehensive sweep of policies and supporting evidence which makes the book a useful reference source as well as a strong argument in its own right.
This view sets Porritt apart from many of his former colleagues of his from his six years as chair of the UK Ecology Party (now the Green Party) and another six heading up Friends of the Earth. It made - and makes - his book controversial in many green circles but also makes the book appeal to business people who Porritt wishes to persuade to change their ways. "Like it or not (and the vast majority of people do), capitalism is now the only economic show in town," argues Porritt. The success of forms of capitalism at reducing poverty around the developing world has strengthened his case since even the revised edition.
It is an optimistic book for, as Jonathon Porritt writes, "There's so much to be hugely hopeful about - technologically, politically, spiritually ... Capitalism has always been a self-correcting system, capable of startling and seemingly `unthinkable' shifts at precisely the moments when those shifts are most needed". Optimism does not just reflect Porritt's outlook; he also argues that it is necessary for success: "changes have also to be seen as desirable changes: good for people, their health and their quality of life - and not just good for the prospects of future generations ... This means working with the grain of markets and free choice, not against it."
"Market-based, properly regulated capitalism is still capable of meeting today's daunting challenges ... [but] we will need to engineer tomorrow's world, step by step with great determination. It won't just happen by chance," says Porritt.
Tomorrow's world needs to be different in two main respects, according to this book: it needs to be sustainable and it needs to prioritise well being over financial wealth and economic growth.
On this point, Porritt cites JM Keynes's distinction between relative and absolute wants: "Keynes pointed out that our absolute wants (those which we feel regardless of our relative position in society) are limited and finite; it is our relative wants (those which we feel in comparison to what others have in society) that are apparently insatiable".
In this respect, therefore, the book is very much in line with arguments made by others such as The Spirit Level: Why Equality is Better for Everyone that, in developed first world economies, the link between well being and economic growth is extremely weak. As Porritt puts it, "What gives this analysis extra bite is the linkage between declining levels of contentment and inequality: the greater the inequality of income distribution within a developed country, the higher the levels of dissatisfaction and alienation - with the interesting exception of Singapore".
The book has some radical prescriptions, particularly on social justice's role in ensuring sustainability: "No serious definition of the word `sustainable' could possibly allow for a continuation of the grotesque disparities in wealth that we see today, both within countries and between countries". But, more generally Porritt, "demands a reform agenda, however radical it may appear to some, [but] not a revolutionary agenda".
That is what the book details, often more in textbook than polemic style, providing a comprehensive sweep of policies and supporting evidence which makes the book a useful reference source as well as a strong argument in its own right.
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Reviewed in the United Kingdom on 4 April 2007
Activist Jonathon Porritt offers the startling proposal that capitalism may provide the best solution to poverty and global environmental degradation, though his solution requires reshaping capitalism. Porritt is aware that conventional environmental activists, greens and political academics favor socialism more than capitalism. However, he takes them to task for ignoring the power and potential of such capitalist mechanisms as markets and property rights and for their naïveté in expecting voters or political leaders to embrace their dismal vision of environmental responsibility as asceticism. We find his book more suggestive than programmatic. It meanders like a river and is sometimes directionless. The author makes his passions apparent, including anti-Americanism and scathing criticism of certain forms of Christianity. Though Porritt does not offer a detailed description of his vision or the practical steps needed to realize it, he does suggest a path toward a utopian ideal; for that hope, he deserves appropriate attention.
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Reviewed in the United Kingdom on 3 October 2008
In a consumer society slowly eating itself, there's no more pressing question than whether or not capitalism and sustainability can ever go together. Johnathon Porritt sets out here to prove that they can. On the one hand, "global capitalism as we know it today would appear to be inherently incompatible with the pursuit of either ecological sustainability or social justice." On the other hand, "capitalism is now the only economic game in town."
Capitalism has been effective in providing goods and services, in creating wealth and raising standards of living. It has also created gross inequality and laid waste to the planet. Business as usual will lead to ecological suicide, quite simply.
In its place, Porritt argues for better regulation, costings for externalities, better metrics than GNP alone. He questions our fixation with growth, and tests the limits of corporate responsibility.
Porritt has got in trouble with some environmentalists for working a little too closely with big business, and he explores some of these initiatives in some detail here - business excellence, business aimed at the poor, experimental corporate reporting. It's easy to see why he's been accused of selling out as he sings the praises of Dow Chemicals, but the corporation aren't going anywhere any time soon, so I applaud him for working alongside them to develop better business models.
For all its problems, capitalism is what we have to work with right now. Although it could do with an extra chapter after the events of summer 2008, this book is still a useful guidebook to the changes already underway, and a roadmap for more responsible capitalism.
Capitalism has been effective in providing goods and services, in creating wealth and raising standards of living. It has also created gross inequality and laid waste to the planet. Business as usual will lead to ecological suicide, quite simply.
In its place, Porritt argues for better regulation, costings for externalities, better metrics than GNP alone. He questions our fixation with growth, and tests the limits of corporate responsibility.
Porritt has got in trouble with some environmentalists for working a little too closely with big business, and he explores some of these initiatives in some detail here - business excellence, business aimed at the poor, experimental corporate reporting. It's easy to see why he's been accused of selling out as he sings the praises of Dow Chemicals, but the corporation aren't going anywhere any time soon, so I applaud him for working alongside them to develop better business models.
For all its problems, capitalism is what we have to work with right now. Although it could do with an extra chapter after the events of summer 2008, this book is still a useful guidebook to the changes already underway, and a roadmap for more responsible capitalism.
4 people found this helpful
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