Global Capitalism

Leading experts explore the impact of globalization on capitalism. Capitalism has become the universal social and economic order of our time. But this new capitalism differs from that of previous eras: it is truly global, aided by extraordinary advances in technology and communication, and by unfettered global financial markets. Capitalism has a speed, inevitability, and force that it has not had before. In Global Capitalism, leading political and economic analysts dissect this dangerous new world. Globalization brings new possibilities to capitalism, but also new risks, ranging from the degradation of the environment to the concentrated control of the media by transnational corporations. Global Capitalism charts the contours of contemporary capitalism, analyzes the role of the business firm in the context of increased innovation and competitiveness, and considers whether the new capitalism is compatible with social cohesion and social justice. The contributors discuss capitalism as a form of culture and way of life, and they ask whether it has any viable political rivals. Contributors: Ulrich Beck Manuel Castells Jeff Faux Arlie Russell Hochschild Robert Kuttner Larry Mishel Richard Sennett Vandana Shiva George Soros Polly Toynbee Paul Volcker