Capitalism Unleashed: Finance, Globalization, and Welfare

Paperback | July 16, 2007

byAndrew Glyn

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Free enterprise is off the leash and chasing new opportunities for profit making across the globe. After a turbulent century of unprecedented social and technological change, Capitalism has emerged as the dominant ideology and model for economic growth in the richest, most developed countries.But only thirty years ago economic growth was faltering, inflation rising and the Left were arguing for greater state intervention in industry. How did this remarkable transformation happen? And what price have we paid in the process? This accessible and persuasive book challenges the notion of our capitalist destiny. It provides a clear and concise history of the problems facing the economies of Europe, Japan and the US during the latter half of the twentieth century and questions whether capitalism has really brought the levelsof economic growth and prosperity that were hoped for. Andrew Glyn then looks at the impact the rapidly developing economies of China and the South are likely to have on the older economies of the North. As the race is on to maintain growth and protect competitive advantage, Glyn asks: is the'race-to-the bottom' inevitable as the anti-globalisers predict, with welfare states being dismantled to meet competitive demands? Or is there an alternative model which sees a strong commitment to welfare provision as essential to economic growth? Can we afford not to tackle inequality at home aswell as abroad?

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Free enterprise is off the leash and chasing new opportunities for profit making across the globe. After a turbulent century of unprecedented social and technological change, Capitalism has emerged as the dominant ideology and model for economic growth in the richest, most developed countries.But only thirty years ago economic growth w...

Andrew Glyn teaches economics at Oxford University. He was an economic advisor to the National Union of Mineworkers, has been a consultant to the International Labour Organization and H.M. Treasury, and is an associate editor of the Oxford Review of Economic Policy. He co-authored several books on post-war capitalism, edited Social D...
Format:PaperbackDimensions:272 pages, 9.21 × 6.14 × 0.59 inPublished:July 16, 2007Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199226792

ISBN - 13:9780199226795

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Table of Contents

1. Challenges to Capitalism2. Austerity, Privatization, and Deregulation3. Finance and Ownership4. Globalization and International Economic Relations5. Labour's Retreats6. Growth and Stability7. Welfare and Income Inequality

Editorial Reviews

`'For those of us who wish to work towards a juster world, despondent whining and wishful thinking are of little use. What we do need is a rigorous, well-documented, intellectually honest analysis of how and why capitalism has been tightening its grip over the world in the last few decades.Andrew Glyn's Capitalism Unleashed offers such an analysis. But it does more. It shows how this development calls for radical reforms different from those traditionally envisaged by capitalism's critics, and how it may well make them possible - at least if we prove persistent enough to keep pushingand clever enough to understand when and how.''Philippe Van Parijs, Professor of Economic and Social Ethics, University of Louvain and Visiting Professor of Philosophy, Harvard University