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Capitalism : The future of an illusion

Author: Fred L Block
Publisher: Oakland, California : University of California Press, 2018
Edition/Format:   Print book : English
Summary:
Virtually everyone--left, right, and center--believes that capitalist economies are autonomous, coherent, and regulated by their own internal laws. This view is an illusion. The reality is that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily shaped by politics and governmental action. But the illusion remains hugely consequential because it has been embraced by  Read more...
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Document Type: Book
All Authors / Contributors: Fred L Block
ISBN: 9780520283220 0520283228 9780520283237 0520283236 9780520959071 0520959078
OCLC Number: 1106470877
Notes: Acknowledgments 1. The Capitalist Illusion 2. Elaborating an Alternative 3. The Illusion That Democracy Threatens the Economy 4. The Illusion That Greed Is Good 5. The Illusion of an Unchanging System 6. The Illusion of Global Order Organized by Capitalism 7. Beyond Illusions Afterword Notes Bibliography Index
Description: 252 s.

Abstract:

Virtually everyone--left, right, and center--believes that capitalist economies are autonomous, coherent, and regulated by their own internal laws. This view is an illusion. The reality is that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily shaped by politics and governmental action. But the illusion remains hugely consequential because it has been embraced by political and economic elites who are convinced that they are powerless to change this system. The result is cycles of raised hopes followed by disappointment as elected officials discover they have no legitimate policy tools that can deliver what the public wants. In Capitalism, leading economic sociologist Fred L. Block argues that restoring the vitality of the United States and the world economy can be accomplished only with major reforms on the scale of the New Deal and the post-World War II building of new global institutions

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