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Corporations, Accounting, Securities Laws, and the Extinction of Capitalism (Hardcover)
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Corporations, Accounting, Securities Laws, and the Extinction of Capitalism (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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Ever since Marx, the future of capitalism has been fiercely
debated. Marx and his followers predicted capitalism will end by
violent overthrow, while others prophesied its demise will be the
result of collapsing under its own weight. Still others argue that
capitalism will not only continue to exist but continue to expand
globally. This book takes a distinctively different approach by
presenting solid evidence that capitalism has already ended. The
author argues that corporate statutory law, securities laws, and
generally accepted accounting principles have combined to cause the
extinction of capitalists. Without capitalists as owners of
capital, there can be no capitalism. The book examines the factors
that converged to contribute to and hasten the extinction of
capitalists, and thus of capitalism as an economic system, in an
ironic case of the law of unintended consequences. The very things
that were intended to promote, protect, and sustain capitalism are
the things that caused its death. It exposes the fallacy that
capitalism as an economic system not only continues to exist but is
expanding globally. Capitalism is extinct and the social system
constructed on capitalism as an economic system cannot be
sustained. This book will appeal to economists, accountants,
historians, political scientists, lawyers and sociologists, as well
as students of those disciplines.
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