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Civic Capitalism (Hardcover)
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Civic Capitalism (Hardcover)
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As we struggle with the legacy of the crisis and with the prospect
of accelerating environmental degradation, it is time to ask not
what we can do for capitalism but what capitalism can do for us, as
citizens of a democratic society. In Civic Capitalism, Colin Hay
and Anthony Payne build on their influential analysis of the crisis
of the Anglo-liberal growth model to set out a coherent account of
the steps required to build an alternative that is more sustainable
socially, economically and environmentally. They argue that it is
time to move on from the Anglo-liberal model of capitalism whose
failings were so cruelly exposed by the crisis. They outline a new
model that will work better in advanced capitalist societies,
showing how this might be acheived in Britain today. They call this
civic capitalism the governance of the market, by the state, in the
name of the people, to deliver collective public goods, equity and
social justice. This reverses the long ascendant logic of
Anglo-liberalism in which citizens have been made to answer to the
perceived logics of the capitalism they have been made to serve.
The crisis shows us that we can no longer be driven by the
perceived imperatives of the old model and by those who have
claimed for far too long and, as it turns out, falsely to be able
to discern for us the imperatives of the market. It is now time to
ask what capitalism can do for us and not what we can do for
capitalism.
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