Paradoxes of Prosperity: Why the New Capitalism Benefits All
Books / Hardcover
Books › Business & Economics › Economics › General
ISBN: 1587990822 / Publisher: Texere, September 2001
Discusses the changes brought about by technological innovations and offers capaitalism and globalization as solutions to the poverty found in developing nations and urban neighborhoods.
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Labeling the global processes of technological and economic change as the "New Capitalism," Independent (UK) columnist Coyle echoes many of her contemporaries in viewing the phenomenon as a reified force that is beyond human control, rather than as a result of powerful institutions pressuring for change that they find beneficial. This force of nature, luckily, will fulfill utopian dreams of equality and democracy. Driven by technological innovation, the "New Capitalism" opens its doors to newcomers and forces governments to invest in social capital. Again echoing many of her contemporaries, she calls for the "guillotine" for bureaucratic controls over the economy, not noting that many investments in social capital are seen as bureaucratic controls by the world's corporate elite. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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