Since ancient times the exercise of individual freedoms has been
inseparable from the expansion of the market, driven by the search
for profit. This force, namely capitalism, has stimulated human
creativity and aggression in ways that have produced immense
benefits. As capitalism has broadened its scope in the epoch of
globalization, these benefits have become even greater. Human
beings have been liberated to an even greater degree than hitherto
from the tyranny of nature, from the control of others, from
poverty and from war. The advances achieved by the globalization of
capitalism have appeared all the more striking, when set against
the failure of non-capitalist systems of economic organization.
However, capitalist freedom is a two-edged sword. In an epoch of
capitalist globalisation, its contradictions have intensified. They
comprehensively threaten the natural environment. They have
intensified global inequality within both rich and poor countries,
and between the internationalised global power elite and the mass
of citizens rooted within their respective nation. In this
remarkable, expansive text, Peter Nolan explores the impact of the
domineering economic phenomenon on our personal and social
liberties.
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