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Beginning with the economic meltdown of 2007/8, this book shows that the predatory mortgage lending and overleveraging—which is to say, the overextension of credit—which precipitated The Great Recession was a response to a crisis of overproduction reflective of an unavoidable contradiction at the heart of competitive capitalism. This contradiction, in addition to portending capitalism’s inevitable ultimate demise, invites both a pragmatic and moral comparison of (US) capitalism with (Chinese) socialism. Simon V. Glynn provides a critique of political economy and an analysis of the economic…mehr
Beginning with the economic meltdown of 2007/8, this book shows that the predatory mortgage lending and overleveraging—which is to say, the overextension of credit—which precipitated The Great Recession was a response to a crisis of overproduction reflective of an unavoidable contradiction at the heart of competitive capitalism. This contradiction, in addition to portending capitalism’s inevitable ultimate demise, invites both a pragmatic and moral comparison of (US) capitalism with (Chinese) socialism. Simon V. Glynn provides a critique of political economy and an analysis of the economic logic of capitalism, pointing to the inevitable triumph of socialism.
Simon Glynn is Professor of Philosophy at Florida Atlantic University, USA.
Inhaltsangabe
1. Preface.- 2. The US Crisis.- 3. What Free Market? 4. On Capital Sluggishness.- 5. Capitalism in the West.- 6. The Educated Electorate? .- 7. On Moral and Ontological Dilemmas.- 8. The Dialectical Contradiction.- 9. Marx's Cyclical fluctuations.- 10. Logic vs. Empiricism.- 11. Government and the "Free" Market.- 12. Neocolonialism.- 13. Cooperative vs. Competitive R&D .- 14. The Case of China.- 15. International Competition.- 16. Toward a Pragmatic and Ethical Outcome.- 17. A Social Vision for the Future.
1. Preface.- 2. The US Crisis.- 3. What Free Market? 4. On Capital Sluggishness.- 5. Capitalism in the West.- 6. The Educated Electorate? .- 7. On Moral and Ontological Dilemmas.- 8. The Dialectical Contradiction.- 9. Marx's Cyclical fluctuations.- 10. Logic vs. Empiricism.- 11. Government and the "Free" Market.- 12. Neocolonialism.- 13. Cooperative vs. Competitive R&D .- 14. The Case of China.- 15. International Competition.- 16. Toward a Pragmatic and Ethical Outcome.- 17. A Social Vision for the Future.
1. Preface.- 2. The US Crisis.- 3. What Free Market? 4. On Capital Sluggishness.- 5. Capitalism in the West.- 6. The Educated Electorate? .- 7. On Moral and Ontological Dilemmas.- 8. The Dialectical Contradiction.- 9. Marx's Cyclical fluctuations.- 10. Logic vs. Empiricism.- 11. Government and the "Free" Market.- 12. Neocolonialism.- 13. Cooperative vs. Competitive R&D .- 14. The Case of China.- 15. International Competition.- 16. Toward a Pragmatic and Ethical Outcome.- 17. A Social Vision for the Future.
1. Preface.- 2. The US Crisis.- 3. What Free Market? 4. On Capital Sluggishness.- 5. Capitalism in the West.- 6. The Educated Electorate? .- 7. On Moral and Ontological Dilemmas.- 8. The Dialectical Contradiction.- 9. Marx's Cyclical fluctuations.- 10. Logic vs. Empiricism.- 11. Government and the "Free" Market.- 12. Neocolonialism.- 13. Cooperative vs. Competitive R&D .- 14. The Case of China.- 15. International Competition.- 16. Toward a Pragmatic and Ethical Outcome.- 17. A Social Vision for the Future.
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