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The Trouble with Capitalism: An Enquiry into the Causes of Global Economic Failure
by Harry Shutt
The global economic order is in crisis. Is 'free market' capitalism really sustainable? The Trouble With Capitalism -- originally written, with remarkable prescience, in 1998-- explains the underlying fragility of the then booming global economy. No mere temporary blip in the onward march of capitalism, Shutt argues forcefully that the current crisis is the result of funda ...more
Paperback, 256 pages
Published September 10th 2009 by Zed Books
(first published August 15th 1998)
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Oct 10, 2011 Under_rubble rated it 2 of 5 stars · review of another edition
History of post-war period, Critique of longing/possibility of returning keynesian postwar period. Covers need to put investigate under democratic* control. But no deep analysis of japan, overproduction, or the bubbles that have kept the economy out of the lowest gear since the mid 90s. To be fair, the economic bubbles were only emerging when the book was written but low interest rates and corresponding assert bubbles had already happened in Japan.
Harrry Shutt was educated at Oxford and Warwick universities. He worked for six years in the Development and Planning Division of the Economist Intelligence Unit (EIU). He then moved to the Research Department of the General and Municipal Workers’ Union (1973-76) and subsequently became Chief Economist at the Fund for Research and Investment for the Development of Africa (1977-79). Since then he h ...moreMore about Harry Shutt...