Item Details

Capitalism: The Future of an Illusion

Fred L. Block
Format
EBook; Book; Online
Published
Oakland, California : University of California Press, 2019.
Language
English
Series
California Scholarship Online
ISBN
9780520959071
Target Audience
Specialized
Summary
Since the 1980s, a particular definition of the United States and the global economy as being 'capitalist' has become hegemonic. In this view, a capitalist economy is autonomous and coherent, and it needs to be regulated by its own internal laws. This view is an illusion. The reality is that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily intertwined with politics and governmental action. But the illusion remains hugely consequential, because it has been embraced by political and economic elites who are convinced that they are powerless to change this system. The reality is that the continuing vitality of the United States and the world economy requires a new period of major reforms on the scale of the New Deal and the building of new global institutions after World War II.
Description
1 online resource : illustrations (black and white).
Notes
  • Previously issued in print: 2018.
  • Includes bibliographical references and index.
Logo for Copyright Not EvaluatedCopyright Not Evaluated
Technical Details
  • Access in Virgo Classic

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