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The Future of Capitalism: Facing the New…
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The Future of Capitalism: Facing the New Anxieties (edició 2018)

de Paul Collier (Autor)

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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.… (més)
Membre:Jotamac
Títol:The Future of Capitalism: Facing the New Anxieties
Autors:Paul Collier (Autor)
Informació:Harper (2018), 241 pages
Col·leccions:La teva biblioteca, Llegint actualment
Valoració:
Etiquetes:Cap

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The Future of Capitalism: Facing the New Anxieties de Paul Collier

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One great takeaway for me was that when experts(should apply to everyone) argue for their case they should explicitly scrutinize the potential side effects and risks their policy suggestions may induce. This is crucial for maintaining trust and preventing the rise of anxieties, ideology and populism when crisis hits.

Therefore I would have wished Collier to address atleast a chapter or two for the elephant in the room: the climate and ecological crisis. I was looking forward to his arguments on what should be done to decouple gdp growth from the growth of resource usage, moving towards carbon neutrality and eventually a regenerative economy, but found none that specifically tackle this crisis. I regard this as the biggest weakness of the book and a reason why many climate concerned readers will wholly disregard the arguments of this book for fixing capitalism in favor of replacing it. I suspect Collier is going to be challenged on this front and look forward to reading his take on this anxiety inducing subject matter.

Other than that the book has valuable points about the mismanagement of capitalism, that has created anxieties and rifts in our society, as well as ideas on how to fix them. This would be a three star book if Collier had not presented very valuable suggestions on how to get society and capitalism back on better track. In fact this is why I will recommend the book because we need to bring the suggestions Collier makes into the public debate.
( )
  tourmikes | Jan 3, 2024 |
With less than two weeks remaining before a general election that offers nothing but an intolerable choice between populists and ideologues, Paul Collier’s The Future of Capitalism (2018) offers some clear-headed diagnosis and ideas about how to reshape a derailed capitalism.

Jeff Taylor wrote, “The political spectrum may be linear, but it is not a straight line. It is shaped like a horseshoe.” Drift far enough left or right of centre and ideologies both gravitate to authoritarianism. Social democracy appears to be in existential crisis. Collier’s analysis of why we’ve lost our sense of obligation to others is lucid and crucially important.

The force of Collier’s book is in his synthesis of “moral philosophy, political economy, finance, economic geography, social psychology and social policy.” At a time when despair often seems the only possibility, his book offers some relief that there is a progressive and pragmatic path to healing the divisions in our social and economic fabric. The question is how long it will take for our political spectrum to swing back from extremes. ( )
  AnthonyTFS | Nov 30, 2019 |
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"There is nothing socialist about Collier’s critique or his prescriptions — like Adam Smith, the oft-misunderstood father of modern economics, he’s about restoring a moral sensibility to a market system that is falling short of its potential."
 
"This is a beautifully written and important book. Read it."
afegit per AnthonyTFS | editaFinancial Times (UK), Martin Wolf (Web de pagament) (Dec 3, 2008)
 

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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.

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