Flawed capitalism : the Anglo-American condition and its resolution / David Coates.

Format:

Book

Author/Creator:

Coates, David, 1946-2018, author.

Contributor:

Alumni and Friends Memorial Book Fund.

Language:

English

Subjects (All):

Capitalism.

Physical Description:

x, 316 pages : illustrations ; 24 cm

Place of Publication:

Newcastle upon Tyne : Agenda Publishing, 2018.

Summary:

In Flawed Capitalism, David Coates draws on his vast experience of economy and society in both the US and the UK to examine the economic and social problems currently besetting each. Building an argument around the rise and fall of important social settlements, Flawed Capitalism traces the history of the two economies through first their New Deal and then their Reaganite periods - ones labelled differently in the UK, but similarly marked by the development first of a Keynesian welfare state and then a Thatcherite neoliberal one. It is with the weaknesses and downsides of the Reagan/Thatcher years that Flawed Capitalism is primarily concerned, showing how the underlying fragility of a settlement based on the weakening of organized labour and the extensive deregulation of business culminated in the financial crisis of 2008. The legacies of that crisis haunt us still - a squeezed middle class, further embedded poverty, deepened racial divisions, an adverse work-life balance for two-income families, and a growing crisis of housing and employment for the young. Flawed Capitalism deals with each in turn, and makes the case for the transatlantic creation of a new social settlement - a less flawed capitalism - one based on greater degrees of income equality and social justice.

Contents:

1 The Anglo-American Condition: Similarities and Differences p. 9

Part I Flawed Economies

2 The Rise and Fall of American Economic Leadership p. 25

3 Chasing Hard and Standing Still: The UK Economy in the American Shadow p. 65

Part II Divided Societies

4 The Fading of the American Dream? p. 107

5 The Slow Disintegration of the UK's Postwar Social Settlement p. 149

Part III Inadequate Politics

6 The Continuing Cost of Empire p. 193

7 The Folly of Austerity Politics p. 221

8 Towards a Better Future p. 251.

Notes:

Includes bibliographical references and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Alumni and Friends Memorial Book Fund.

ISBN:

9781911116332

1911116339

OCLC:

1009214397

Publisher Number:

99976752786