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Wealth, Power, and the Crisis of Laissez Faire Capitalism

2011-07-04 Political Science
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Release : 2011-07-04
Genre : Political Science
Kind : eBook
Book Rating : 778/5 ( reviews)

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Book Synopsis Wealth, Power, and the Crisis of Laissez Faire Capitalism by : D. Gibson

Download or read book Wealth, Power, and the Crisis of Laissez Faire Capitalism written by D. Gibson. This book was released on 2011-07-04. Available in PDF, EPUB and Kindle. Book excerpt: This forcefully argued book offers a provocative picture of the political, intellectual, and economic forces that have shaped the history of the United States, offering an extensive and in-depth critique of laissez-faire doctrine and a novel reformulation of the work of American System writers, Gibson traces America's rise to global supremacy.

The Failure of Laissez Faire Capitalism and Economic Dissolution of the West

Capitalism
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Genre : Capitalism
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Book Rating : 519/5 ( reviews)

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Book Synopsis The Failure of Laissez Faire Capitalism and Economic Dissolution of the West by : Paul Craig Roberts

Download or read book The Failure of Laissez Faire Capitalism and Economic Dissolution of the West written by Paul Craig Roberts. This book was released on . Available in PDF, EPUB and Kindle. Book excerpt: This very readable book by a distinguished economist, Wall Street Journal editor, and Assistant Secretary of the US Treasury is a major challenge both to economic theory and to media explanations of the ongoing 21st century economic crisis. The one percent have pulled off an economic and political revolution. By offshoring manufacturing and professional service jobs, US corporations destroyed the growth of consumer income, the basis of the US economy, leaving the bulk of the population mired in debt. Deregulation was used to concentrate income and wealth in fewer hands and financial firms in corporations “too big to fail,” removing financial corporations from market discipline and forcing taxpayers in the US and Europe to cover bankster losses. Environmental destruction has accelerated as economists refuse to count the exhaustion of nature’s resources as a cost and as corporations impose the cost of their activities on the environment and on third parties who do not share in the profits. This is the book to read for those who want to understand the mistakes that are bringing the West to its knees.

Ending Big Government

2016-02 Business & Economics
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Release : 2016-02
Genre : Business & Economics
Kind : eBook
Book Rating : 503/5 ( reviews)

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Book Synopsis Ending Big Government by : Michael Dahlen

Download or read book Ending Big Government written by Michael Dahlen. This book was released on 2016-02. Available in PDF, EPUB and Kindle. Book excerpt: Statism denotes any system of big government, a government that gains power at the expense of individual freedom, a government that uses its power to redistribute wealth and regulate the economy. Laissez-faire capitalism, by contrast, is the system of limited government, the system of economic and political freedom. It is a system that has created more wealth and lifted more people out of poverty than any other system. Yet it is relentlessly demonized. We are told that the free market is impractical--prone to crises, depressions, and coercive monopolies. Michael Dahlen dispels these and many other myths. He shows that a laissez-faire capitalist system is not only practical; he shows that it is moral, as it is the only system that recognizes each individual's inalienable right to his own life. A provocative weave of history, philosophy, and political economy, Ending Big Government: The Essential Case for Capitalism and Freedom, shows that capitalism is incontestably superior to statism.

Capitalism on Edge

2020-01-14 Philosophy
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Release : 2020-01-14
Genre : Philosophy
Kind : eBook
Book Rating : 609/5 ( reviews)

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Book Synopsis Capitalism on Edge by : Albena Azmanova

Download or read book Capitalism on Edge written by Albena Azmanova. This book was released on 2020-01-14. Available in PDF, EPUB and Kindle. Book excerpt: The wake of the financial crisis has inspired hopes for dramatic change and stirred visions of capitalism’s terminal collapse. Yet capitalism is not on its deathbed, utopia is not in our future, and revolution is not in the cards. In Capitalism on Edge, Albena Azmanova demonstrates that radical progressive change is still attainable, but it must come from an unexpected direction. Azmanova’s new critique of capitalism focuses on the competitive pursuit of profit rather than on forms of ownership and patterns of wealth distribution. She contends that neoliberal capitalism has mutated into a new form—precarity capitalism—marked by the emergence of a precarious multitude. Widespread economic insecurity ails the 99 percent across differences in income, education, and professional occupation; it is the underlying cause of such diverse hardships as work-related stress and chronic unemployment. In response, Azmanova calls for forging a broad alliance of strange bedfellows whose discontent would challenge not only capitalism’s unfair outcomes but also the drive for profit at its core. To achieve this synthesis, progressive forces need to go beyond the old ideological certitudes of, on the left, fighting inequality and, on the right, increasing competition. Azmanova details reforms that would enable a dramatic transformation of the current system without a revolutionary break. An iconoclastic critique of left orthodoxy, Capitalism on Edge confronts the intellectual and political impasses of our time to discern a new path of emancipation.

People, Power, and Profits: Progressive Capitalism for an Age of Discontent

2019-04-23 Business & Economics
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Release : 2019-04-23
Genre : Business & Economics
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Book Rating : 223/5 ( reviews)

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Book Synopsis People, Power, and Profits: Progressive Capitalism for an Age of Discontent by : Joseph E. Stiglitz

Download or read book People, Power, and Profits: Progressive Capitalism for an Age of Discontent written by Joseph E. Stiglitz. This book was released on 2019-04-23. Available in PDF, EPUB and Kindle. Book excerpt: A Nobel prize winner challenges us to throw off the free market fundamentalists and reclaim our economy. We all have the sense that the American economy—and its government—tilts toward big business, but as Joseph E. Stiglitz explains in his new book, People, Power, and Profits, the situation is dire. A few corporations have come to dominate entire sectors of the economy, contributing to skyrocketing inequality and slow growth. This is how the financial industry has managed to write its own regulations, tech companies have accumulated reams of personal data with little oversight, and our government has negotiated trade deals that fail to represent the best interests of workers. Too many have made their wealth through exploitation of others rather than through wealth creation. If something isn’t done, new technologies may make matters worse, increasing inequality and unemployment. Stiglitz identifies the true sources of wealth and of increases in standards of living, based on learning, advances in science and technology, and the rule of law. He shows that the assault on the judiciary, universities, and the media undermines the very institutions that have long been the foundation of America’s economic might and its democracy. Helpless though we may feel today, we are far from powerless. In fact, the economic solutions are often quite clear. We need to exploit the benefits of markets while taming their excesses, making sure that markets work for us—the U.S. citizens—and not the other way around. If enough citizens rally behind the agenda for change outlined in this book, it may not be too late to create a progressive capitalism that will recreate a shared prosperity. Stiglitz shows how a middle-class life can once again be attainable by all. An authoritative account of the predictable dangers of free market fundamentalism and the foundations of progressive capitalism, People, Power, and Profits shows us an America in crisis, but also lights a path through this challenging time.

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