*** Winner of the Myrdal Prize for Evolutionary Political Economy
*** The last few years have seen the spectacular failure of market
fundamentalism in Europe and the US, with a seemingly never-ending
spate of corporate scandals and financial crises. As the
environmental limits and socially destructive tendencies of the
current profit-driven economic model become daily more
self-evident, there is a growing demand for a fairer economic
alternative, as evidenced by the mounting campaigns against global
finance and the politics of austerity. Reclaiming Public Ownership
tackles these issues head on, going beyond traditional leftist
arguments about the relative merits of free markets and central
planning to present a radical new conception of public ownership,
framed around economic democracy and public participation in
economic decision-making. Cumbers argues that a reconstituted
public ownership is central to the creation of a more just and
sustainable society. This book is a timely reconsideration of a
long-standing but essential topic.
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