Aggressive capitalism : the overleveraging of America's wealth, integrity, and dollar / Claude V. Chang.

Format:

Book

Author/Creator:

Chang, Claude V., 1941-

Language:

English

Subjects (All):

Capitalism.

Physical Description:

xiii, 181 pages : illustrations ; 23 cm

Place of Publication:

Lanham, MD : University Press of America, 2010.

Contents:

Economic quagmire : the impossible trinity of mounting debt, balanced-trade, and a strong dollar

Free-market capitalism in terminal crisis

The 1990s : American triumphalism on steroids

The confluence of rationality, reductionism and existentialism

The abiding tension between capitalism and equality

China on the world stage

Targeted revaluation : a double-edged sword?

Biting the bullet : a concluding perspective.

Notes:

The collapse of the American financial system in 2008 has brought the weaknesses of the edifice of financial risk management, upon which the Anglo-American economic model has been premised since the 1980s, into sharper focus. It has also given rise to the larger question regarding the certainty and, thus, the viability of free-market capitalism as a universal economic system; however, while there are several erudite accounts of the collapse of the financial system and its immediate aftermath, very little space has been given to addressing the larger question. As such, Aggressive Capitalism offers a frank and honest assessment of the opportunities and challenges ahead for both the US and the wider world. This book examines the leading economic, political, and social issues not only in the context of the several rational choice theories that have come to inform behavior since the late 1960s, but also in context of the emergence of the BRIC countries, primarily China, as a challenge to entrenched Western interests. -- From the cover.

Includes bibliographical references and index.

ISBN:

9780761852940

0761852948

OCLC:

650219888