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The Failure of the Free Market and Democracy - And What to Do About It (Hardcover, Main)
Loot Price: R638
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The Failure of the Free Market and Democracy - And What to Do About It (Hardcover, Main)
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In this wide-ranging but accessible overview, economist Daniel
Ritter examines the changing circumstances that have led to the
economic decline of the West and the rise of populism. He looks at
the effects of globalisation and how increasing mechanisation has
fuelled discontent, the collapse of existing communities, and a
sense of disenfranchisement. The fault, he argues, lies not with
advances in technology, or a lack of growth, but in rising
inequality and an over-reliance on the free market. Examining the
West's situation in a global context, both in relation to the rise
of China and the ascendancy of private interest groups, he claims
that the free market has failed, and with it representative
democracy, arguing that we must 'update our very notions of work
and reward' if we are to survive the current crisis. Informed,
lucid and strongly argued, Ritter's compelling analysis is a
must-read for anyone concerned to discover the origins of our
current economic and political malaise, and its possible solutions.
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