The Trouble with Capitalism

An Enquiry into the Causes of Global Economic Failure

Harry Shutt

The Trouble with Capitalism

Harry Shutt

Distributed for Zed Books

256 pages | 5.4375 x 8.5 | © 2009  
Paper $33.95 ISBN: 9781848134225 Published September 2009 For sale in North and South America only
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.
Contents
Foreword: Apocalypse now?
Introduction
1. The Origins of Modern Capitalism: A Brief History to World War II
2. The Post-1945 Economic Dispensation in the West
3. The End of the Boom and the Neo-classical Reaction
4. The Illusion of Orthodoxy
5. Incurable Addiction to State Support
6. Globalisation and the Power Vacuum
7. Technological Nemesis
8. Coping with the Capital Glut
9. Wider Symptoms of Disintegration: I - The Wreckage of Soviet Communism
10. Wider Symptoms of Disintegration: II - Third World Catastrophe
11. A Crisis of Legitimacy
12. Can the Profits System be Saved?
13. Political Paralysis
14. Essential Features of a Sustainable World Order
Index
For more information, or to order this book, please visit http://www.press.uchicago.edu
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