Beyond the Profits System: Possibilities for a Post-Capitalist Era (New Economics)

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9781848134171: Beyond the Profits System: Possibilities for a Post-Capitalist Era (New Economics)
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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.

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While many have claimed that no one could have foreseen the financial crisis, Harry Shutt was predicting just such a collapse as far back as 1998 in his book, "The Trouble With Capitalism". In "Beyond the Profit System", Shutt offers a radically different analysis to the mainstream, establishment commentators who have struggled to come to terms with the crisis. Arguing that we need to move away from a system based on a compulsive addiction to growth and obsession with the profit motive, towards a collectivist, more humane economic mode, the book provides not merely a comprehensive background to the flawed ideologies that precipitated the collapse, but also a radical, though realistic, way forward in light of the catastrophe.

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'This has been the most interesting discussion with an economist I have ever had in my life.' George Galloway, Press TV

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Book Description ZED BOOKS LTD, United Kingdom, 2010. Paperback. Condition: New. Language: English. Brand new Book. 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. Seller Inventory # BTE9781848134171

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