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The Trouble with Capitalism: An Enquiry into the Causes of Global Economic Failure Paperback – 1 Jun 1998


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Paperback, 1 Jun 1998
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Product details

  • Paperback: 256 pages
  • Publisher: Zed Books; 1 edition (1 Jun. 1998)
  • Language: English
  • ISBN-10: 1856495663
  • ISBN-13: 978-1856495660
  • Product Dimensions: 14 x 1.9 x 21.6 cm
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: 6,669,915 in Books (See Top 100 in Books)
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Product description

Review

'Identifies an impressive array of potential problems.' The Christian Science Monitor 'Shutt is one of the few to expose capitalism’s lies and imperfections, faults that critically threaten our democratic survival.' Publishers Weekly 'In this thoughtful treatment of the current economic scene, one feels convinced that the collapse of Western civilization as we know it is at hand.' Library Journal 'Offers no easy answers, but suggests the West is going to have to face the fact that profit-maximising capitalism has run its course.' Tribune 'Based on wide knowledge, well documented source material and sharp analysis, everyone who reads it will learn from it...' Liberation 'Shutt [has] a message for every saver and investor: a crash of 1929 proportions is almost inevitable' Dan Atkinson in The Guardian

Synopsis

Recent instability in financial markets has put paid to the idea that the foundations of the global economy are basically sound. This timely book forsakes the shibboleths of both the Left and liberal economists to examine afresh the actual behaviour - patterns and tendencies - of economic institutions in the OECD countries of the 1980s and 90s. The conclusions are disturbing. The author uncovers profound sources of instability. Low growth has become endemic. There is a chronic surplus of capital. New technology is not solving either of these problems or structural unemployment. Meanwhile, the pursuit of neo-liberal economic orthodoxy by an emasculated state has only worsened the situation and the evidence of social dislocation is all about us. This is a book that must be read by every politician and thinking citizen still harbouring illusions about the capacity of mere shifts in policy to return us to the golden era of high growth and full employment. What will soon become inevitable is a wholesale redrawing of economic institutions and rules of the game.

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