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Inhaltsangabe
Recent instability in the financial markets has shaken confidence in the global economic order. Is the current variant of ?free market? capitalism in fact sustainable? This remarkable book explains its underlying economic fragility as a result of: The growing redundancy of both capital and labour because of changing technologies and chronic slow growth since the 1970s; The desperate struggle of organised capital to prevent its redundancy from being reflected in a 1930s-type collapse in the price of financial assets; The consequent distortion of official policy -- in areas like corporate subsidies, taxation, pensions and privatisation -- to help maintain the value of capital. This book exposes the sham of the laissez faire prospectus. In fact, state power and resources are increasingly propping up capital while pretending to roll back the frontiers of the state.
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Über die Autorin bzw. den Autor
Harry Shutt was educated at Oxford and Warwick Universities. He worked for six years in the Development and Planning Division of the Economist Intelligence Unit (EIU). He then moved to the Research Department of the General and Municipal Workers' Union (1973-76) and subsequently became Chief Economist at the Fund for Research and Investment for the Development of Africa (1977-79). Since then he has been an independent economic consultant. His books include 'The Myth of Free Trade: Patterns of Protectionism Since 1945', (Basil Blackwell/The Economist, 1985), 'The Trouble with Capitalism: An Inquiry into the Causes of Global Economic Failure', (Zed Books, 1999), 'A New Democracy: Alternatives to a Bankrupt World Order' (Zed Books, 2001) and 'The Decline of Capitalism: Can a Self-Regulated Profits System Survive (Zed Books, 2004).
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