Capitalism XXL : Why the Global Economy Became Gigantic and How to Fix It / Geert Noels.

Format:

Book

Author/Creator:

Noels, Geert, 1967- author.

Language:

English

Subjects (All):

Capitalism--Environmental aspects.

Capitalism.

Capitalism--Social aspects.

Economics.

Sustainable development.

Physical Description:

1 online resource : illustrations

Edition:

First edition.

Place of Publication:

Montreal, Quebec : McGill-Queen's University Press, [2023]

Summary:

Capitalism XXL calls for changing the rules of capitalism in order to tame giant corporations and restore the individual to the world economy. Noels proposes an approach that considers human dimensions and describes a sustainable future economy that will not burden subsequent generations with debt, social inequality, and environmental damage.

Contents:

Capitalism XXL: Why the Global Economy Became Gigantic and How to Fix It

Cover

Half Title Page

Title Page

Copyright

Review Page

CONTENTS

INTRODUCTION

1 THE WORLD ECONOMY AND CAPITALISM ADRIFT: Adam Smith versus John Maynard Keynes

Scale Brings Advantages, But the Disadvantages Are Underappreciated

The Ultimate and Gigantic "Tragedy of the Commons": Our Climate

Cheating at Monopoly Turns into Gigantism

2 GIGANTISM?

Size Matters

Unhealthy Concentration in Many Sectors

Higher Profits and Lower Wages in the Economy

Conclusion: Bigger, More Concentrated, and More Powerful

3 GROWTH HORMONES THAT PROMOTE GIGANTISM

Four Decades of Falling Interest Rates: The World's Largest Lever

Globalization

Companies, Especially the Giants, Pay Less and Less Tax

The Regulator, Friend of Big Business

Technology Platforms

Crony Capitalism

Big Feels Safe

Insufficient Action against Global Cartels

Too Big to Fail

Big Data

Increasing Global Population

Advertising Budgets

Conclusion: Rampant Growth Hormones and a "Too Big to Fail" Corporate Doctrine Create Gigantism

4 THE CHAMPIONS LEAGUE EFFECT

Gigantic Constructions

Big Beers, Fewer Flavours

Mainstream Taste Is Your Taste

The Walmart-ization of Retail and the Economy

Big Pharma: Diseases Are Big Business

Big Tech: Each Has Its Own Monopoly

Conclusion

5 GIGANTISM DISRUPTS SOCIETY

Walmart-ization Leads to Obesity

The Disappearing Middle Class

Diseases of Affluence

Big Government, Less Empathy

Megacities Crush the Individual

Derailing Demographics Crushes the Individual at the Expense of the Masses

6 FROM GROWTH OBSESSION TO SUSTAINABLE GROWTH

Growth Is a Normal Human Ambition

High Demographic Growth, or Growth by Stork

Convergence: Follow the Leader.

Better Technology: Growth through Leadership

What Then Is the Problem with Economic Growth?

Sustainable Growth

Giants and Zombies

7 SMALLER, SLOWER, AND MORE HUMAN

Triggers of Decentralization and Size Reduction

Technology as an Enabler of Smaller Organizations

Human Preference

The Failure of "Big"

Robustness

Loyalty

Gigantism Is Not Irreversible

Deglobalization

City-States and Smaller Nations Are the Way Forward for Globalization 2.0

8 TEN STEPS TOWARDS POST-GIGANTISM

The Referee and the Rules of the Game

Referee

Rules of the Game

Players

Saving Capitalism from Fake Capitalists

CONCLUSIONS

EPILOGUE

NOTES

BIBLIOGRAPHY.

Notes:

Includes bibliographical references.

Description based on print version record.

Other Format:

Print version: Noels, Geert Capitalism XXL

ISBN:

9780228018544

0228018544

9780228018551

0228018552

OCLC:

1363828615