The decline of capitalism : can a self-regulated profits system survive? / Harry Shutt.

Format:

Book

Author/Creator:

Shutt, Harry.

Language:

English

Subjects (All):

Economic history.

Economics.

Capitalism--History--20th century.

Capitalism.

History.

Economic development--History--20th century.

Economic development.

Globalization--Economic aspects.

Globalization.

Physical Description:

153 pages ; 20 cm

Place of Publication:

London ; New York : Zed Books ; New York, NY : Distributed in the USA exclusively by Palgrave, 2005.

Summary:

Should we be more concerned that collapsing share values and widespread corporate failure and fraud beg some serious questions about the viability of the present world economy? Harry Shutt persuasively demonstrates that the present crisis is the culmination of 30 years of deepening stagnation. Faced with a long-term trend of reduced demand for both capital and labor the world economy has only avoided a vast recession through growing reliance on official subsidy and market distortion. Shutt points out that regulatory reform can only work by limiting profitability but that a more sustainable model is unacceptable to ruling elites. He outlines an agenda for fundamental changes, based on the premise that the primacy of private profit is no longer compatible with the priorities of modern democracies.

Notes:

Includes bibliographical references (pages [138]-146) and index.

ISBN:

184277400X

1842774018

OCLC:

55633760