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Author: Bob Ellis
Publisher: Penguin Group Australia
ISBN: 1742286674
Category : Political Science
Languages : en
Pages : 283
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Book Description
In the free market we trust. Look where that's got us. With our economy based upon money as illusory as God's love, Bob Ellis calls time on free market fundamentalism. We put our faith in a system that awards do-nothing CEOs with millions as their companies collapse and provoke a global crisis. We judge corporate success on the number of sackings, fund the privatisation of essential services with public money and favour cheap goods discounted by the loss of our jobs. We sign up for wars in which capitalism makes a killing. Continuing from his classic dissection of economic rationalism, First Abolish the Customer, Ellis presents 345 arguments challenging the free market orthodoxy with ferocious intelligence and wit. His free-flowing meditation on the gross inequalities in our society contends that we are irresponsibly fixated on the sale of goods, instead of on delivering jobs that put money into people's hands. Skewering the legacies of Thatcherism, he proposes some radically simple remedies, including restoring tariffs, investing in country towns and restricting corporate salaries. The Capitalism Delusion is vintage Ellis: exasperated, impolite and inspiring.
Author: Bob Ellis
Publisher: Penguin Group Australia
ISBN: 1742286674
Category : Political Science
Languages : en
Pages : 283
Get Book Here
Book Description
In the free market we trust. Look where that's got us. With our economy based upon money as illusory as God's love, Bob Ellis calls time on free market fundamentalism. We put our faith in a system that awards do-nothing CEOs with millions as their companies collapse and provoke a global crisis. We judge corporate success on the number of sackings, fund the privatisation of essential services with public money and favour cheap goods discounted by the loss of our jobs. We sign up for wars in which capitalism makes a killing. Continuing from his classic dissection of economic rationalism, First Abolish the Customer, Ellis presents 345 arguments challenging the free market orthodoxy with ferocious intelligence and wit. His free-flowing meditation on the gross inequalities in our society contends that we are irresponsibly fixated on the sale of goods, instead of on delivering jobs that put money into people's hands. Skewering the legacies of Thatcherism, he proposes some radically simple remedies, including restoring tariffs, investing in country towns and restricting corporate salaries. The Capitalism Delusion is vintage Ellis: exasperated, impolite and inspiring.
Author: David Pilling
Publisher: Crown
ISBN: 052557252X
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
A provocative critique of the pieties and fallacies of our obsession with economic growth We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the economy which determines how much we can spend on our schools, highways, and defense; economists decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks. The backlash we are currently witnessing suggests that people are turning against the experts and their faulty understanding of our lives. Despite decades of steady economic growth, many citizens feel more pessimistic than ever, and are voting for candidates who voice undisguised contempt for the technocratic elite. For too long, economics has relied on a language which fails to resonate with people's actual experience, and we are now living with the consequences. In this powerful, incisive book, David Pilling reveals the hidden biases of economic orthodoxy and explores the alternatives to GDP, from measures of wealth, equality, and sustainability to measures of subjective wellbeing. Authoritative, provocative, and eye-opening, The Growth Delusion offers witty and unexpected insights into how our society can respond to the needs of real people instead of pursuing growth at any cost.
Author: Paul Collier
Publisher: HarperCollins
ISBN: 0062748661
Category : History
Languages : en
Pages : 369
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Book Description
Bill Gates's Five Books for Summer Reading 2019 From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it. Deep new rifts are tearing apart the fabric of the United States and other Western societies: thriving cities versus rural counties, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.
Author: Daniel S. Greenberg
Publisher: University of Chicago Press
ISBN: 0226306267
Category : Science
Languages : en
Pages : 334
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Book Description
In recent years the news media have been awash in stories about increasingly close ties between college campuses and multimillion-dollar corporations. Our nation’s universities, the story goes, reap enormous windfalls patenting products of scientific research that have been primarily funded by taxpayers. Meanwhile, hoping for new streams of revenue from their innovations, the same universities are allowing their research—and their very principles—to become compromised by quests for profit. But is that really the case? Is money really hopelessly corrupting science? With Science for Sale, acclaimed journalist Daniel S. Greenberg reveals that campus capitalism is more complicated—and less profitable—than media reports would suggest. While universities seek out corporate funding, news stories rarely note that those industry dollars are dwarfed by government support and other funds. Also, while many universities have set up technology transfer offices to pursue profits through patents, many of those offices have been financial busts. Meanwhile, science is showing signs of providing its own solutions, as highly publicized misdeeds in pursuit of profits have provoked promising countermeasures within the field. But just because the threat is overhyped, Greenberg argues, doesn’t mean that there’s no danger. From research that has shifted overseas so corporations can avoid regulations to conflicts of interest in scientific publishing, the temptations of money will always be a threat, and they can only be countered through the vigilance of scientists, the press, and the public. Based on extensive, candid interviews with scientists and administrators, Science for Sale will be indispensable to anyone who cares about the future of scientific research.
Author: Mattias Vermeiren
Publisher: John Wiley & Sons
ISBN: 1509537708
Category : Political Science
Languages : en
Pages : 326
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Book Description
Spiralling inequality since the 1970s and the global financial crisis of 2008 have been the two most important challenges to democratic capitalism since the Great Depression. To understand the political economy of contemporary Europe and America we must, therefore, put inequality and crisis at the heart of the picture. In this innovative new textbook Mattias Vermeiren does just this, demonstrating that both the global financial crisis and the European sovereign debt crisis resulted from a mutually reinforcing but ultimately unsustainable relationship between countries with debt-led and export-led growth models, models fundamentally shaped by soaring income and wealth inequality. He traces the emergence of these two growth models by giving a comprehensive overview, deeply informed by the comparative and international political economy literature, of recent developments in the four key domains that have shaped the dynamics of crisis and inequality: macroeconomic policy, social policy, corporate governance and financial policy. He goes on to assess the prospects for the emergence of a more egalitarian and sustainable form of democratic capitalism. This fresh and insightful overview of contemporary Western capitalism will be essential reading for all students and scholars of international and comparative political economy.
Author: William J. Bernstein
Publisher: Grove Press
ISBN: 0802157114
Category : Psychology
Languages : en
Pages : 491
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Book Description
This “disturbing yet fascinating” exploration of mass mania through the ages explains the biological and psychological roots of irrationality (Kirkus Reviews). From time immemorial, contagious narratives have spread through susceptible groups—with enormous, often disastrous, consequences. Inspired by Charles Mackay’s nineteenth-century classic Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, neurologist and author William Bernstein examines mass delusion through the lens of current scientific research in The Delusions of Crowds. Bernstein tells the stories of dramatic religious and financial mania in western society over the last five hundred years—from the Anabaptist Madness of the 1530s to the dangerous End-Times beliefs that pervade today’s polarized America; and from the South Sea Bubble to the Enron scandal and dot com bubbles. Through Bernstein’s supple prose, the participants are as colorful as their “desire to improve one’s well-being in this life or the next.” Bernstein’s chronicles reveal the huge cost and alarming implications of mass mania. He observes that if we can absorb the history and biology of this all-too-human phenomenon, we can recognize it more readily in our own time, and avoid its frequently dire impact.
Author: John Hilary
Publisher:
ISBN: 9781849649681
Category : Capitalism
Languages : en
Pages : 0
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Book Description
Author: Steve Fraser
Publisher: Yale University Press
ISBN: 0300235305
Category : History
Languages : en
Pages : 300
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Book Description
A uniquely personal yet deeply informed exploration of the hidden history of class in American life From the decks of the Mayflower straight through to Donald Trump’s “American carnage,” class has always played a role in American life. In this remarkable work, Steve Fraser twines our nation’s past with his own family’s history, deftly illustrating how class matters precisely because Americans work so hard to pretend it doesn’t. He examines six signposts of American history—the settlements at Plymouth and Jamestown; the ratification of the Constitution; the Statue of Liberty; the cowboy; the “kitchen debate” between Richard Nixon and Nikita Khrushchev; and Martin Luther King’s “I Have a Dream” speech—to explore just how pervasively class has shaped our national conversation. With a historian’s intellectual command and a riveting narrative voice, Fraser interweaves these examples with his own past—including his false arrest on charges of planning to blow up the Liberty Bell during the Civil Rights era—to tell a story both urgent and timeless.
Author: Carl Boggs
Publisher: Rowman & Littlefield
ISBN: 9780742527720
Category : History
Languages : en
Pages : 322
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Book Description
In this hard-hitting critique, Carl Boggs argues that the United States is dominated by a new militarism, one that has become more potent and menacing since 9/11. He skillfully explores the origins and development of this new militarism and show its devastating effects on American society.
Author: David Gelles
Publisher: Simon and Schuster
ISBN: 198217644X
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
New York Times Bestseller New York Times reporter and “Corner Office” columnist David Gelles reveals legendary GE CEO Jack Welch to be the root of all that’s wrong with capitalism today and offers advice on how we might right those wrongs. In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed with presidents, mingled with movie stars, and was idolized for growing GE into the most valuable company in the world. But Welch’s achievements didn’t stem from some greater intelligence or business prowess. Rather, they were the result of a sustained effort to push GE’s stock price ever higher, often at the expense of workers, consumers, and innovation. In this captivating, revelatory book, David Gelles argues that Welch single-handedly ushered in a new, cutthroat era of American capitalism that continues to this day. Gelles chronicles Welch’s campaign to vaporize hundreds of thousands of jobs in a bid to boost profits, eviscerating the country’s manufacturing base and destabilizing the middle class. Welch’s obsession with downsizing—he eliminated 10% of employees every year—fundamentally altered GE and inspired generations of imitators who have employed his strategies at other companies around the globe. In his day, Welch was corporate America’s leading proponent of mergers and acquisitions, using deals to gobble up competitors and giving rise to an economy that is more concentrated and less dynamic. And Welch pioneered the dark arts of “financialization,” transforming GE from an admired industrial manufacturer into what was effectively an unregulated bank. The finance business was hugely profitable in the short term and helped Welch keep GE’s stock price ticking up. But ultimately, financialization undermined GE and dozens of other Fortune 500 companies. Gelles shows how Welch’s celebrated emphasis on increasing shareholder value by any means necessary (layoffs, outsourcing, offshoring, acquisitions, and buybacks, to name but a few tactics) became the norm in American business generally. He demonstrates how that approach has led to the greatest socioeconomic inequality since the Great Depression and harmed many of the very companies that have embraced it. And he shows how a generation of Welch acolytes radically transformed companies like Boeing, Home Depot, Kraft Heinz, and more. Finally, Gelles chronicles the change that is now afoot in corporate America, highlighting companies and leaders who have abandoned Welchism and are proving that it is still possible to excel in the business world without destroying livelihoods, gutting communities, and spurning regulation.
