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Moral Capitalism
"If anyone can save capitalism from the capitalists, it's Steven Pearlstein. This lucid, brilliant book refuses to abandon capitalism to those who believe morality and justice irrelevant to an economic system." -Ezra Klein, founder and editor-at-large, VoxPulitzer Prize-winning economics journalist Steven Pearlstein argues that our thirty year experiment in unfettered markets has undermined core values required to make capitalism and democracy work.With a New Introduction by the AuthorThirty years ago, "greed is good" and "maximizing shareholder value" became the new mantras woven into the fabric of our business culture, economy, and politics. Although, around the world, free market capitalism has lifted more than a billion people from poverty, in the United States most of the benefits of economic growth have been captured by the richest 10%, along with providing justification for squeezing workers, cheating customers, avoiding taxes, and leaving communities in the lurch. As a result, Americans are losing faith that a free market economy is the best system.In Moral Capitalism, Pulitzer Prize-winning journalist Steven Pearlstein chronicles our descent and challenges the theories being taught in business schools and exercised in boardrooms around the country. We're missing a key tenet of Adam Smith's wealth of nations: without trust and social capital, democratic capitalism cannot survive. Further, equality of incomes and opportunity need not come at the expense of economic growth.Pearlstein lays out bold steps we can take as a country: a guaranteed minimum income paired with universal national service, tax incentives for companies to share profits with workers, ending class segregation in public education, and restoring competition to markets. He provides a path forward that will create the shared prosperity that will sustain capitalism over the long term.Previously published as Can American Capitalism Survive?
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Capitalism Sucks!
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Gore Capitalism
An analysis of contemporary violence as the new commodity of today's hyper-consumerist stage of capitalism. "Death has become the most profitable business in existence."-from Gore CapitalismWritten by the Tijuana activist intellectual Sayak Valencia, Gore Capitalism is a crucial essay that posits a decolonial, feminist philosophical approach to the outbreak of violence in Mexico and, more broadly, across the global regions of the Third World.Valencia argues that violence itself has become a product within hyper-consumerist neoliberal capitalism, and that tortured and mutilated bodies have become commodities to be traded and utilized for profit in an age of impunity and governmental austerity. In a lucid and transgressive voice, Valencia unravels the workings of the politics of death in the context of contemporary networks of hyper-consumption, the ups and downs of capital markets, drug trafficking, narcopower, and the impunity of the neoliberal state.She looks at the global rise of authoritarian governments, the erosion of civil society, the increasing violence against women, the deterioration of human rights, and the transformation of certain cities and regions into depopulated, ghostly settings for war.She offers a trenchant critique of masculinity and gender constructions in Mexico, linking their misogynist force to the booming trade in violence. This book is essential reading for anyone seeking to analyze the new landscapes of war.It provides novel categories that allow us to deconstruct what is happening, while proposing vital epistemological tools developed in the convulsive Third World border space of Tijuana.
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Cognitive Capitalism
We live in a time of transition, argues Yann Moulier Boutang.But the irony is that this is not a transition to a new type of society called ‘socialism’, as many on the Left had assumed; rather, it is a transition to a new type of capitalism.Socialism has been left behind by a new revolution in our midst. ‘Globalization’ effectively corresponds to the emergence, since 1975, of a third kind of capitalism.It does not have much to do with the industrial capitalism which, at the point of its birth (1750-1820), broke with earlier forms of mercantile capitalism.The aim of this book is to describe and explain the characteristics of this third age of capitalism. Boutang coins the term ‘cognitive capitalism’ to describe this new form of capitalism.While this notion remains a working hypothesis, it already provides some basic orientations and anchor points which are indispensible for political action.The political economy which was born with Adam Smith no longer offers us the possibility of understanding the reality which is being constructed before our eyes - namely the value, wealth and complexity of the world economic system Ð and it also does not enable us to deal with the challenges that await humanity, whether ecological or social.This book thus seeks to put us onto the path of a provisional politics and morality capable of dealing with this new Great Transformation.
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How does American capitalism differ from Russian capitalism?
American capitalism is characterized by a more free-market approach, with less government intervention in the economy compared to Russian capitalism. In the United States, there is a strong emphasis on private ownership, competition, and individual entrepreneurship. On the other hand, Russian capitalism has been influenced by its history of state control and government involvement in the economy, leading to a more centralized and oligarchic system. Additionally, the legal and regulatory frameworks in both countries differ, impacting the way businesses operate and compete in each respective market.
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Capitalism or democracy?
Capitalism and democracy are two distinct systems that can coexist but are not interchangeable. Capitalism is an economic system based on private ownership and the pursuit of profit, while democracy is a political system based on the principles of equality, freedom, and participation. While capitalism can thrive in a democratic society, it can also lead to inequality and exploitation if not regulated properly. Ultimately, both systems have their strengths and weaknesses, and a balance between the two is necessary for a fair and just society.
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Will capitalism remain?
It is difficult to predict the future with certainty, but capitalism has proven to be a resilient economic system that has adapted to various challenges over time. While there may be calls for reform or changes to address issues such as income inequality or environmental sustainability, it is likely that capitalism will continue to be a dominant economic system in many parts of the world. However, it may evolve and incorporate new ideas and practices to address the changing needs and demands of society.
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What describes capitalism?
Capitalism is an economic system characterized by private ownership of the means of production, profit motive, competition, and market-based allocation of resources.
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After Capitalism
Since first published in 2002, After Capitalism has offered students and political activists alike a coherent vision of a viable and desirable alternative to capitalism.David Schweickart calls this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market economy while extending democracy to the workplace and to the structures of investment finance.In the second edition, Schweickart recognizes that increased globalization of companies has created greater than ever interdependent economies and the debate about the desirability of entrepreneurship is escalating.The new edition includes a new preface, completely updated data, reorganized chapters, and new sections on the economic instability of capitalism, the current economic crisis, and China.Drawing on both theoretical and empirical research, Schweickart shows how and why this model is efficient, dynamic, and applicable in the world today.
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Redeeming Capitalism
On reclaiming the moral roots of capitalism for a virtuous futureFor good or ill, the capitalism we have is the capitalism we have chosen, says Kenneth Barnes.Capitalism works, and the challenge before us is not to change its structure but to address the moral vacuum at the core of its current practice. In Redeeming Capitalism Barnes explores the history and workings of this sometimes-brutal economic system.He investigates the effects of postmodernism and unpacks biblical-theological teachings on work and wealth.Proposing virtuous choices as a way out of such pitfalls as the recent global financial crisis, Barnes envisions a more just and flourishing capitalism for the good of all.
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Capitalism: Histories
Charts the emergence and development of capitalism across the world from a variety of perspectives, providing a deep understanding of how capitalism came to be the dominant economic force. This book re-examines the historical emergence and evolution of capitalism.Why did a radically new way of organizing economic life emerge in regions of the early modern world?Why did it eventually encompass the globe, tying the peoples of the world together in a common economic fate?These questions have been at the heart of historical and social-scientific inquiry since the nineteenth century.They are explored and answered anew by the scholars gathered together in this geographically and theoretically capacious volume.The chapters explore the emergence and development of capitalism in Africa, Western Europe, Eastern Europe, South Asia, East Asia, North America, and the Atlantic world, and they engage with many of the major intellectual approaches for understanding capitalism, from the New Institutional Economics to world-systems theory. The authors share a common commitment, but not a common approach, to understanding the historical development of capitalism.They believe that the emergence and evolution of capitalism must be understood by examining the concrete conditions of socioeconomic life in a particular country, empire, or region, and that such empirically and archivally driven historical analysis must be combined with theoretical discussion of the concepts and categories used to make sense of capitalism and its dynamics. This work offers different accounts of capitalist development across and within major regions of the world.It is a histories of, rather than a history of, capitalism.As such, it introduces readers to new historical research on capitalist development in different regional and national contexts and to several significant intellectual approaches for understanding what Max Weber called "the most fateful force of our modern life."ROBERT G.INGRAM is Professor of Humanities at the University of Florida. JAMES M. VAUGHN is Assistant Instructional Professor in the Social Sciences Collegiate Division at the University of Chicago. Contributors:Gareth Austin, Ralph Austen, Peter Coclanis, Tracy Dennison, C.Alexander Evans, Emma Griffin, Robert G. Ingram, Anirban Karak, John Majewski, Mark Metzler, Kenneth Pomeranz, J.Mark Ramseyer, Tirthankar Roy and Horus T'an
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Platform Capitalism
What unites Google and Facebook, Apple and Microsoft, Siemens and GE, Uber and Airbnb?Across a wide range of sectors, these firms are transforming themselves into platforms: businesses that provide the hardware and software foundation for others to operate on.This transformation signals a major shift in how capitalist firms operate and how they interact with the rest of the economy: the emergence of ‘platform capitalism’. This book critically examines these new business forms, tracing their genesis from the long downturn of the 1970s to the boom and bust of the 1990s and the aftershocks of the 2008 crisis.It shows how the fundamental foundations of the economy are rapidly being carved up among a small number of monopolistic platforms, and how the platform introduces new tendencies within capitalism that pose significant challenges to any vision of a post-capitalist future.This book will be essential reading for anyone who wants to understand how the most powerful tech companies of our time are transforming the global economy."Also available as an audiobook.
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When was capitalism?
Capitalism as an economic system began to emerge in the late Middle Ages and early modern period in Europe, but it became more prominent during the Industrial Revolution in the 18th and 19th centuries.
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Capitalism or Communism?
The choice between capitalism and communism ultimately depends on one's values and beliefs. Capitalism promotes individual freedom, competition, and innovation, but can also lead to income inequality and exploitation. On the other hand, communism aims for equality, collective ownership, and social welfare, but can stifle individual initiative and creativity. Both systems have their strengths and weaknesses, and the best choice may lie in finding a balance between the two that addresses the needs of society while respecting individual rights.
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Is capitalism unfair?
The fairness of capitalism is a matter of perspective. Proponents argue that capitalism provides opportunities for individuals to succeed based on their hard work and innovation, creating a meritocratic system. However, critics argue that capitalism can lead to inequality and exploitation, as it often benefits those who already have wealth and power. Ultimately, the fairness of capitalism depends on how it is regulated and the extent to which it addresses issues of inequality and social justice.
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Is capitalism inevitable?
The inevitability of capitalism is a topic of debate among economists and scholars. Some argue that capitalism is the most efficient and productive economic system, and therefore inevitable in the long run. Others believe that alternative economic systems, such as socialism or communism, could potentially replace capitalism in the future. Ultimately, the future of capitalism will depend on various factors including technological advancements, political decisions, and societal values. Therefore, it is not possible to definitively say whether capitalism is inevitable or not.
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