Global Capitalism by Will Hutton

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Synopsis

Leading experts explore the impact of globalization on capitalism. Capitalism has become the universal social and economic order of our time. But this new capitalism differs from that of previous eras: it is truly global, aided by extraordinary advances in technology and communication, and by unfettered global financial markets. Capitalism has a speed, inevitability, and force that it has not had before. In Global Capitalism, leading political and economic analysts dissect this dangerous new world. Globalization brings new possibilities to capitalism, but also new risks, ranging from the degradation of the environment to the concentrated control of the media by transnational corporations. Global Capitalism charts the contours of contemporary capitalism, analyzes the role of the business firm in the context of increased innovation and competitiveness, and considers whether the new capitalism is compatible with social cohesion and social justice. The contributors discuss capitalism as a form of culture and way of life, and they ask whether it has any viable political rivals.

Contributors:

Ulrich Beck
Manuel Castells
Jeff Faux
Arlie Russell Hochschild
Robert Kuttner
Larry Mishel
Richard Sennett
Vandana Shiva
George Soros
Polly Toynbee
Paul Volcker

 

About Will Hutton

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Will Hutton is the former editor of the London "Observer, " economics editor of "The Guardian, " and a BBC economics correspondent, as well as a governor of the London School of Economics. He is currently chief executive of The Work Foundation. He is the author of six previous books, including the critically acclaimed "The Revolution That Never Was" and "The World We're In, " which was a number-one business bestseller in the United Kingdom. Anthony Giddens, a British sociologist, was educated at Hull, the London School of Economics, and Cambridge, and is a fellow of King's College, Cambridge. His interests have been varied, but they tend to focus on questions related to the macro-order. Much of his theoretical writing deals with stratification, class, and modernity. Although he has concentrated on dynamic issues of social structure, he has also examined how social psychological concerns are part of this broader order of human relations.
 
Published September 1, 2000 by New Press. 241 pages
Genres: Business & Economics. Non-fiction

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Vandana Shiva calls global free trade “environmental apartheid” and deplores the ecological and social injuries sustained by the Third World as international industry dumps its environmental costs (also known as hazardous wastes) into “underpolluted” countries.

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Guardian columnist Polly Toynbee delivers, in what is easily the most readable essay here, a critique of ""cultural panic,"" the fear of the globalization of culture (""Sometimes it seems as if a tidal wave of the worst Western culture is creeping across the globe like a giant strawberry milkshak...

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