A New Democracy: Alternatives to a Bankrupt World Order

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Zed Books, 2001 - Business & Economics - 176 pages
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"There is no alternative" to the prevailing global economic system has become the watchword of our times. Yet more and more people agree with Harry Shutt that this way lacks vision for the future of humanity, is empty of social responsibility and environmental care, and will not deliver a stable economy or secure political future. He shows why the late 20th century's version of laisser-faire capitalism is inherently unstable and heading for breakdown. And why the neo-imperial international political order, dominated by the US, is likely to follow suit. Above all, he gives us practical ideas for overcoming the crisis of underdevelopment and poverty in the Third World; replacing the "free" market with a system that limits profit maximization, curbs the power of big money, and introduces an element of rational planning; and a new supra-national system that replaces globalization with genuinely democratic and socially responsible institutions for managing global problems.

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A new democracy: alternatives to a bankrupt world order

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Following the path set by his previous work, The Trouble with Capitalism: An Enquiry into the Causes of Global Economic Failure (LJ 6/15/98), British economist Schutt decries what he describes as ... Read full review


Introduction Breakdown of the World Order
Capitalist Crisis and the Threat
Corporate Interests versus
A Study
the example
In Place of the Free Market
The Transition to Supranationalism
The Path to Democracy

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About the author (2001)

Harry 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 has been an independent economic consultant.His books include The Trouble with Capitalism: An Inquiry into the Causes of Global Economic Failure (Zed Books, 1999) and A New Democracy: Alternatives to a Bankrupt World Order (Zed Books, 2001)

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