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For the first time in history, the globe is dominated by one economic system. Capitalism prevails because it delivers prosperity and meets desires for autonomy. But it also is unstable and morally defective. Surveying the varieties and futures of capitalism, Branko Milanovic offers creative solutions to improve a system that isn’t going anywhere.
In Does Capitalism Have a Future?, the prominent theorist Georgi Derleugian has gathered together a quintet of eminent macrosociologists to assess whether the capitalist system can survive.
This is an original, accessible book for scholars, students, activists, and the general public on the greatest crisis the world has faced. The authors challenge the widespread notion that a green and peaceful set of technological reforms in the current economic and political system – perhaps a “green capitalism” – can prevent disaster. Dying for Capitalism analyzes the “triangle of extinction” that links capitalism, environmental destruction, and militarism as a system that cannot sustain life on the planet. The authors analyze how the extinction triangle evolved historically, how it functions globally as integral to the world capitalist order, and how the United States has become the dominant “extinction nation.” They also show how recent anti-democratic and anti-scientific cultural and political forces intensify denial of the threat and subordinate health and survival to profit and extreme concentrated power. The book offers a “slender path” of social and political transformation that can prevent catastrophe. The path requires moving beyond current ruling systems. But possibilities of survival arise from action at local, state, regional, and global levels through multiple strategies and movements that already exist. The authors draw on the history of abolitionism and emancipation from slavery in the United States to show how a system that appears unchangeable can be transformed, while describing organizations, movements, and practices that are models of hope and a shift from the triangle of extinction to the “circle of creation.”
"A publication of the Principles of Freedom Committee." Includes bibliographical references and index.
The provocative political thinker asks if it will be with a bang or a whimper In How Will Capitalism End? the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that capitalism is now in a critical condition. Growth is giving way to secular stagnation; inequality is leading to instability; and confidence in the capitalist money economy has all but evaporated. Capitalism’s shotgun marriage with democracy since 1945 is breaking up as the regulatory institutions restraining its advance have collapsed, and after the final victory of capitalism over its enemies no political agency capable of rebuilding them is in sight. The capitalist system is stricken with at least five worsening disorders for which no cure is at hand: declining growth, oligarchy, starvation of the public sphere, corruption and international anarchy. In this arresting book Wolfgang Streeck asks whether we are witnessing a long and painful period of cumulative decay: of intensifying frictions, of fragility and uncertainty, and of a steady succession of “normal accidents.”