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Beyond the profits system : possibilities for the post-capitalist era

Shutt, Harry2010
Books, Manuscripts
Arguing that we need to move away from a system based on an addiction to growth & obsession with the profit motive, towards a collectivist, more humane economic mode, this book provides a comprehensive background to the flawed ideologies that precipitated the collpase, but also a way forward in the light of the catastrophe. Since 2008, we have found ourselves confronted by an historic financial holocaust that world leaders have struggled to come to terms with. All have willfully ignored its long-term, systemic causes and are thus unable to chart a way to survival. As explained by Harry Shutt - who was almost alone in foreseeing such a disaster in the 1990s (in The Trouble with Capitalism) their continued denial stems from a vested interest in maintaining a capitalist profits system which is not only as destructive as it was in the 1930s but as outmoded as feudalism was in 1789. Thus it can now only be sustained by an increasing reliance to official misinformation, massive criminal fraud and the ever greater dependence of private corporations on state subsidy. This book makes clear why the desperate resort of Western governments to 'extraordinary measures' to try and avert economic collapse is bound to fail. It also forcefully demonstrates why our only hope of reversing the tide is to abandon the traditional economic logic of endlessly expanding production in favour of responding to the aspirations of ordinary people. Such a transformation, argues Shutt, would make possible the allocation of resources to more socially desirable ends, including the assurance of basic economic security for all as a right of citizenship.
London : Zed, 2010.
144 p. ; 20 cm.
Introduction 1. Anatomy of a crisis 2. The official response: a study in delusion 3. Facing up to systemic failure 4. The price of profit-driven growth 5. A new model: ending the tyranny of production 6. Evolving a more rational economic system 7. Ideology for the 21st century: cooperation, creativeness, equality 8. Deepening democracy 9. Capitulation or catastrophe?
97818481341719781848134171 (pbk)
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