The Decline of Capitalism: Can a Self-Regulated Profits System Survive - Softcover

'This book challenges the prevailing economic euphoria of the 1990s, and foreshadows many of the subsequent financial upheavals.' Development and Environment 'Describes the breakdown in the functioning of the global economic order based on the capitalist profits system, revisiting and updating the analysis of the The Trouble with Capitalism (1998).' Journal of Economic Literature

As financial and economic chaos increasingly threatens the entire world, its leaders have only one answer: rigid adherence to the neoliberal policies that have proved so disastrous over 25 years - while they falsify statistics to try and shore up public illusions of 'success' and seek to distract attention with a bogus 'war on terror'. But what this strategy of desperation can no longer conceal is the inability of self-regulated, profit-maximizing capitalism either to deliver minimum acceptable levels of economic security to the vast mass of the world's people or to avert ultimate financial crisis such as will bring ruin even to most of the privileged few. As this grim reality - manifested in chronic low growth, crumbling share values, bankrupt pension funds and unprecedented corporate failure and fraud - begins to dawn on the public, it must raise increasing doubts as to the sustainability of an economic order so long taken for granted.