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Paternalistic Capitalism was first published in 1972. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions. The distinguished economist and Greek political leader presents here a powerful critique of American capitalism and its relationship to government and foreign policy. Dr. Papandreou first examines the orthodox view of the contemporary capitalist economy and the "myth of market capitalism" which it has engendered. He then considers the Neo-Marxist view that the economy can best be understood as monopoly capitalism, and the technocratic interpretation of society proposed by J. K. Galbraith. Dr. Papandreou accepts and rejects various aspects of these two interpretations, and moves to define the salient features of what he calls paternalistic capitalism, wherein privatized decentralized planning increasingly is carried out by the corporate managerial elite, in the interest not of the consumer, but of the "system." The paternalism is that of the autocratic big brother. The author then explores the relationship between the managerial elite and the instrumentalities of the State, and claims that next to the managerial elite stand the national security managers—not by accident, for paternalistic capitalism is aggressively expansionist, as is reflected in the foreign policy of the capitalist metropolis, the United States. The global aspect of paternalistic capitalism is further delineated in Dr. Papandreou's discussion of the "new mercantilism" and of the institutional device of the multinational corporation. Finally, he considers briefly two alternatives—the Soviet experiment, which he rejects as paternalistic socialism, and a vision of a regionally decentralized society, in which man will control rather than be at the mercy of his social environment.
In the early twentieth century, an era characterized by unprecedented industrial strife and violence, thousands of employers across the United States pioneered a new policy of labor relations called welfare work. The results of the policy were paternalistic practices and forms of compensation designed not only to control workers, but also to advertise the humanity of corporate capitalism to thwart the advance of legislated reform. In a burgeoning literature on the development of the U.S. welfare state, Andrea Tone offers a new interpretation of the importance of welfare capitalism in shaping its development.
*FEATURED IN BILL GATES'S 2019 SUMMER READING RECOMMENDATIONS* 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 Britain and other Western societies: thriving cities versus the provinces, 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 fervour 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 20th century.
Between the Civil War and World War I, David Leverenz maintains, the corporate transformation of American work created widespread desire for upward mobility along with widening class divisions. In his view, several significant narrative constructs, notably the daddy s girl and the daddy s boy, emerge at the intersection between paternalist practices and more democratic possibilities for self-advancement. From Mark Twain s Laura Hawkins in The Gilded Age to the protagonist of Theodore Dreiser s Sister Carrie and Willa Cather s Alexandra Bergson in O Pioneers!, Leverenz finds that the image of the daddy s girl constrains the emerging threat of the career woman even as it articulates the lure of upward mobility for women. In surveying the figure of the "daddy s boy," Leverenz examines tensions between young men s desires for upward mobility and older men s desires for paternal control. Paternalism Incorporated also addresses yearnings for individualism and paternalism in various critiques of the emerging corporation. Another chapter links honor and shaming to race in the philanthropic practices of Andrew Carnegie and John D. Rockefeller, framed with narratives by William Dean Howells, Booker T. Washington, and Jane Addams. After showing how a daddy s girl becomes a paternalist in Henry James s The Golden Bowl, Leverenz considers F. Scott Fitzgerald s Tender is the Night as paternalism s elegy, contrasted with the Shirley Temple film The Little Colonel."
The British Economy in Transition: From the Old to the New? examines attempts at economic regeneration in areas that have experienced the decline in 'traditional' industry of recent years. The contributors also look at the impact of techno and managerial modernization strategies in industries that have survived, but have had to adapt rapidly to do
* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will discover the crises facing society and how to invent the capitalism of tomorrow. You will also discover : what are the three major current crises and how to tackle them; that it is important to return to ethical notions in order to find a solution to the crises; a proposal for changing the current paternalistic model into a maternalist system; who are the winners of the growth of the metropolises and how to distribute these gains more equitably; how to put ethics back at the center of society to counter social collapse. Capitalism and an apology for free enterprise are part of the dominant ideology that has shaped today's world. It is indisputable, on a global scale, that such an ideology has reduced poverty and raised the global level of wealth. However, capitalism also causes serious fractures in populations and plunges societies into economic and social crises. It provokes political radicalization and ideological confrontation over the moral definition of society. From the analysis of this situation, it is possible to imagine a new form of society that will have to put forward ethics within its organization. To regain confidence in the future, it is urgent to abolish the current paternalistic model and replace it with another. What can the future of capitalism look like? *Buy now the summary of this book for the modest price of a cup of coffee!
A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point that will define the era ahead. “A monumental achievement, sure to become a classic.”—Zachary D. Carter, author of The Price of Peace In this ambitious single-volume history of the United States, economic historian Jonathan Levy reveals how capitalism in America has evolved through four distinct ages and how the country’s economic evolution is inseparable from the nature of American life itself. The Age of Commerce spans the colonial era through the outbreak of the Civil War, and the Age of Capital traces the lasting impact of the industrial revolution. The volatility of the Age of Capital ultimately led to the Great Depression, which sparked the Age of Control, during which the government took on a more active role in the economy, and finally, in the Age of Chaos, deregulation and the growth of the finance industry created a booming economy for some but also striking inequalities and a lack of oversight that led directly to the crash of 2008. In Ages of American Capitalism, Levy proves that capitalism in the United States has never been just one thing. Instead, it has morphed through the country’s history—and it’s likely changing again right now. “A stunning accomplishment . . . an indispensable guide to understanding American history—and what’s happening in today’s economy.”—Christian Science Monitor “The best one-volume history of American capitalism.”—Sven Beckert, author of Empire of Cotton