In this title, radical sociologist David Harvey explains how capitalism came to dominate the world, why it resulted in the current financial crisis - and why it's time for a change. For three centuries the capitalist system has shaped western society, informed its rulers, and conditioned the lives of its people. Has the time come to move beyond it? Using his unrivalled knowledge of the subject, Harvey lays bare the follies of the international financial system, looking at the nature of capitalism, how it works and why sometimes it doesn't. He examines the vast flows of money that surge round the world in daily volumes well in excess of the sum of all its economies. He looks at the cycles of boom and bust in the world's housing and stock markets and shows that periodic episodes of meltdown are not only inevitable in the capitalist system but essential to its survival. "The Enigma of Capitalism" is a timely call-to-arms for the end of the capitalism, and makes a compelling case for a new social order that would allow us to live within a system that could be responsible, just and humane.
About the Author
David Harvey is Distinguished Professor of Anthropology at the City University of New York Graduate School and former Professor of Geography at Johns Hopkins and Oxford Universities. The author of numerous books, his work is considered vital and groundbreaking by the academic and political world. His following is growing every year and has entered the mainstream of modern poltical thought.
Reviews
"'a lucid and penetrating account of how the power of capital shapes our world' - Andrew Gamble, Independent - Book of the Week 'a well-timed call for the overthrow of capitalism...elegant...entertainingly swashbuckling' - John Gapper, FT"
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Reviews
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A very detailed analysis of modern economy seen from a die-hard Marxist (Prof. of Anthropology from City U of NY). It explained the shift of power from the labourer to the capitalist as global flow of capital seek for the cheapest labour possible in the world (i.e. China) and technological innovation reduces the need for human labour.
As the rich are getting richer and the poors are getting poorer, we see increasing over-supply as the rich seek to re-invest their excess cash, but the poor are unable to purchase them without resorting to debt (credit card binge). So people are increasingly buying things that they don't need with money that they don't have.
It is a very interesting read, from a perspective that you will not hear from any university lecture on economics - although sometimes I totally disagree with the populist opinion of the author, with the current global economic crisis and increasing wealth gap in the world - I can't help but wonder whether the author is right and the whole world is wrong, that Capitalism is indeed a self destructive system...
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