The limits of capitalism

About this book

"Here is a trenchant critique of the failings of globalization in the way neoliberal economic policies have created it, and a powerful proposal for a different and democratic way forward. Its author argues that the political Achilles Heel of globalization, as the huge protests against the WTO in Seattle in December 1999 showed, is that it is taking place without the engagement of citizens at large." "He argues that the neoliberal mindset cannot appreciate key concepts like the difference between economic efficiency and vitality, or productive and unproductive investment, or the notion of the Common Good. The result of its privileging of the interests of huge transnational corporations is growing inequality, accelerating impoverishment, and, for most countries, stagnant economic growth. Whether judged in terms of its democratic deficit, the environment or even economic performance, the case against neoliberal global capitalism is overwhelming." "What is to be done? That is the issue political movements, social thinkers, economists, and governments all over the world must now confront. Without trying to propose specific policies, the author puts forward a highly suggestive set of principles and ideas."--Jacket.