By Robert Albritton, Makoto Itoh, Richard Westra, Alan Zuege
ISBN-10: 0333948386
ISBN-13: 9780333948385
During this assortment authors from 8 varied international locations, representing a large choice of educational disciplines and theoretical views, examine the differing levels of capitalist improvement. they give diversified and robust analyses of the postwar increase, fiscal crises, and globalization inside this context.
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Additional info for Phases of Capitalist Development: Booms, Crises and Globalizations
Example text
This leads me to the third aspect of the imminent crisis of exhaustion caused by capital's comprehensive discipline on society and nature ± the destruction of the capacity of the Lockean heartland to really grow to global proportions. Locke envisaged the state as serving an essentially self-regulating civil society by upholding the structures for private association under the law. Private enterprise did flourish under this particular state±society configuration, but has meanwhile evolved into an unsustainable discipline over the planet which also undermines civil society itself.
Finally, I will offer an evaluation of the relative situation of the different models in the world at the end of the twentieth century. From the hot-air balloon society to the hourglass society The history of capitalism is not linear. It may be viewed as a succession of models of development with points of bifurcation and regression. Thus the decline of Fordism has brought a new model of development in its wake, one described by two American radicals as `The Great U-Turn' (Bluestone and Harrison 1988).
The result has been an increase in profits, especially profits distributed in the form of financial gains, as well as higher wages for senior managers and directors. This in turn has resulted in the concentration of income in the classes who save (leaders of industry and commerce and the upper tier of wage earners). The social elevator is going down again as the hot air balloon deflates and becomes an hourglass. The image of the hourglass is also both descriptive and `physiological' (Lipietz 1996).
Phases of Capitalist Development: Booms, Crises and Globalizations by Robert Albritton, Makoto Itoh, Richard Westra, Alan Zuege
by William
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