| Document Type
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BL
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| Record Number
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647877
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| Doc. No
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dltt
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| Main Entry
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Shutt, Harry
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| Title & Author
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Beyond the profits system : : possibilities for a post-capitalist era /\ Harry Shutt
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| Publication Statement
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Halifax ;Winnipeg :: Fernwood Pub. ;London ;New York :: Zed Books ;New York :: Distributed in the USA exclusively by Palgrave Macmillan,, 2010
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| Page. NO
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182 p. ;; 20 cm
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| ISBN
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9781848134164 (Zed : hbk.)
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: 1848134169 (Zed : hbk.)
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: 9781848134171 (Zed : pbk.)
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: 1848134177 (Zed : pbk.)
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: 9781552663592 (Fernwood)
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: 1552663590 (Fernwood)
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| Bibliographies/Indexes
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Includes bibliographical references and index
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| Contents
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Anatomy of a crisis -- The official response : a study in delusion -- Facing up to systemic failure -- The price of profit-driven growth -- A new model : ending the tyranny of production -- Evolving a more rational economic system -- Ideology for the twenty-first century : cooperation, creativeness, equality -- Deepening democracy -- Capitulation or catastrophe?
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| Abstract
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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. As explained by Harry Shutt--who was almost alone in foreseeing such a disaster a decade before it happened [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] by now as outmoded as feudalism was two hundred years ago [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]. Beyond the profits system makes clear why the desperate resort of Western governments to 'extraordinary measures' to try to avert economic collapse is bound to fail. It also forcefully demonstrates why we must abandon the traditional economic logic of endlessly expanding production in pursuit of maximum private profit. Rather, our only hope of salvation lies in cooperatively responding to the aspirations of different communities while assuring the basic security of all."--P. [4] of cover
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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. As explained by Harry Shutt--who was almost alone in foreseeing such a disaster a decade before it happened [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] by now as outmoded as feudalism was two hundred years ago [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]. Beyond the profits system makes clear why the desperate resort of Western governments to 'extraordinary measures' to try to avert economic collapse is bound to fail. It also forcefully demonstrates why we must abandon the traditional economic logic of endlessly expanding production in pursuit of maximum private profit. Rather, our only hope of salvation lies in cooperatively responding to the aspirations of different communities while assuring the basic security of all."--P. [4] of cover
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| Subject
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Profit-- Social aspects
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Global Financial Crisis, 2008-2009
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Capitalism-- Social aspects
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Capitalism-- History-- 20th century
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Economic development-- History-- 20th century
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Organizational change
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| Subject
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Democracy-- Economic aspects
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| Dewey Classification
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339.5
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| LC Classification
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HB601.S526 2010
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