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Books > Business & Economics > Industry & industrial studies > Service industries > Financial services industry
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Growth Without Inequality - Reinventing Capitalism (Hardcover)
Loot Price: R4,169
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Growth Without Inequality - Reinventing Capitalism (Hardcover)
Series: Banking, Money and International Finance
Expected to ship within 12 - 19 working days
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Many years on after the 2007-8 financial crisis, most developed
nations still find themselves in a state of weak recovery, high
debt pile-up and distributive disparity. The intriguing question
that we face is whether the golden days of modern capitalism are
over, or if capitalism is just undergoing another period of
adjustment characteristic of its past. What is disheartening is
that the twin economic goals of sustainable growth and equality,
which the world has now come to recognise as of paramount
importance but mutually conflicting, remain, more now than ever,
illusive and unattainable. Growth Without Inequality attempts to
address this issue and to provide a pragmatic solution especially
for nations in the current policy gridlock. By offering a unified
framework of factors that drive growth, it shows how growth also
gives rise to an array of "anomalous market forms" (defined by
different degrees of value and risk visibility) that subvert
distributive equity between labour and capital. It debunks both the
pure free market solution and the mixed economy approach on the
ground that they fail to arrest the growth propelling yet
subversive power inherent in the "corporate forms" under the
present capitalistic regime. Having shown that effective reform can
hardly take place within the system itself, this book proposes to
build a separate sector (Economy II) and partition it from the
existing system (Economy I). The solution is easy to implement and
quick to take effect. By one single stroke, this "Non-Marxist"
solution can happily achieve the ideals of both "competitive
capitalism" and "egalitarian socialism".
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