Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Unavailable
    The Trouble with Capitalism: An Enquiry into the Causes of Global Economic Failure
    Unavailable
    The Trouble with Capitalism: An Enquiry into the Causes of Global Economic Failure
    Unavailable
    The Trouble with Capitalism: An Enquiry into the Causes of Global Economic Failure
    Ebook364 pages5 hours

    The Trouble with Capitalism: An Enquiry into the Causes of Global Economic Failure

    By Harry Shutt

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    The recent collapse of the banking system and instability in the financial markets has dramatically shaken confidence in the global economic order. Is the current variant of 'free market' capitalism really sustainable? The Trouble With Capitalism - originally written, with remarkable prescience, in 1998 - anticipates such a development and explains the underlying economic fragility it has revealed. Rather than being merely a temporary blip in the march of capitalism, Shutt argues forcefully that the on-going crisis has arisen as a result of fundamental economic problems, stemming from the growing redundancy of both labour and capital since the 1970s. In doing so, he exposes the sham of the laissez faire prospectus, showing that state power and capital are increasingly being used to prop up capital while pretending that the aim is to roll back the frontiers of the state.

    The implications of the author's startling conclusion (re-examined in a new foreword) - that the maximisation of profit must cease to be the main basis for allocating resources - are profound.
    LanguageEnglish
    PublisherZed Books
    Release dateJul 4, 2013
    ISBN9781848137943
    Unavailable
    The Trouble with Capitalism: An Enquiry into the Causes of Global Economic Failure
    Author

    Harry Shutt

    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).

    Related to The Trouble with Capitalism

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      The 1970s Weren’t What You Think

      Jul 11, 2022

      The 1970s Weren’t What You Think
      12 min read

    • Article

      Why We’re Pushing Our Luck

      Jun 5, 2019

      Why We’re Pushing Our Luck
      2 min read

    • Article

      A Cause For Celebration

      Sep 30, 2020

      A Cause For Celebration
      15 min read

    • Article

      From The Editor...

      Sep 22, 2023

      From The Editor...
      2 min read

    • Article

      A New Global Depression Is Coming

      Aug 7, 2020

      A New Global Depression Is Coming
      5 min read

    • Article

      From The Editor...

      Oct 13, 2023

      From The Editor...
      2 min read

    • Article

      As China's Property Crisis Grows, Can Nationalisation Help Rebalance Its Economy?

      Sep 4, 2022

      The collapse of the decade-long property boom in China - triggered by a government crackdown on overleveraged property developers in early 2021 - has led to a series of defaults by a number of the country's major developers. More worryingly, the cris

      4 min read

    • Article

      From The Editor...

      Sep 8, 2023

      From The Editor...
      2 min read

    • Article

      Bursting The Bubbles

      Oct 29, 2020

      IN HIS LAST BUDGET as chancellor in March 2007, Gordon Brown crowed: “We will never return to the old boom and bust.” He was right. The ensuing bust broke the mould. Six months later, the run on Northern Rock marked the start of the UK’s credit crisi

      4 min read

    • Article

      The Dangers Of Printing Money

      Oct 30, 2020

      modern monetary theory, or MMT as it is often called, is a new term for an old idea. Its proponents argue that a state, which issues fiat money does not have to resort to taxation and borrowing to pay its bills. It can fund itself simply by printing

      3 min read

    • Article

      Protectionism’s False Promise

      Jun 4, 2018

      Much of the criticism leveled against globalization today is related to the idea that it enriches the few, leaving the many behind. The people making this argument frequently advocate for the wholesale abandonment of globalization—which would put the

      3 min read

    • Article

      The Spectre Of Inflation

      Jul 9, 2021

      The Spectre Of Inflation
      3 min read

    • Article

      From The Editor...

      May 19, 2023

      From The Editor...
      2 min read

    • Article

      Lessons From a Meltdown | Books

      Jul 12, 2019

      The bankruptcy filing by Lehman Brothers on September 15, 2008, had an even bigger impact on the industrial world than the Great Depression of 1929-39. It also gave rise to a record number of books studying the causes, impact and regulatory lacunae t

      2 min read

    • Article

      From The Editor...

      Jul 21, 2023

      From The Editor...
      2 min read

    • Article

      Prepare For A Five-year Property And Stockmarket Boom

      Jul 9, 2021

      In June 2014 I wrote an article in this magazine (moneyweek.com/503173/ boom-times-are-here-again) that made several forecasts. I claimed we were in the early stages of a cyclical economic expansion, which, following a short mid-cycle recession, woul

      8 min read

    • Article

      An Impossible Forecast

      Jan 5, 2024

      Welcome to another year of markets obsessing over when central banks will cut interest rates (see right) and mostly imploring/coercing them to do so faster. We have had almost two decades of this game: the focus on the Fed dates back to when central

      2 min read

    Reviews for The Trouble with Capitalism

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words