Since first published in 2002, After Capitalism has offered students and political activists alike a coherent vision of a viable and desirable alternative to capitalism. David Schweickart calls this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market economy while extending democracy to the workplace and to the structures of investment finance. In the second edition, Schweickart recognizes that increased globalization of companies has created greater than ever interdependent economies and the debate about the desirability of entrepreneurship is escalating. The new edition includes a new preface, completely updated data, reorganized chapters, and new sections on the economic instability of capitalism, the current economic crisis, and China. Drawing on both theoretical and empirical research, Schweickart shows how and why this model is efficient, dynamic, and applicable in the world today.
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allocation American banks basic businesses capital assets tax capitalist capitalist class capitalist firms capitalist society chapter China Chinese communist competition consumers consumption contribution cooperatives corporate counterproject crisis David Tepper demand ecological Economic Democracy economists efficiency enterprises entrepreneur environmental ethical ﬂow full employment growth hedge fund hence human income increase industries inequality inﬂation institutions interest investment fund investor Karl Marx Keynes Keynesian Left Review leisure less live loans managers marginal product market socialism Marx’s ment million Mondragon movement Natural Capitalism neoclassical neoclassical economics neoliberal ofthe parties Paul Hawken Paul Krugman percent political polyarchy poor countries poverty problem profit reforms region revolution rich countries savings sector share Small Is Beautiful social socialist Soviet spending structure successor-system theory technologies tion trade United University Press wealth worker self-managed workplace workplace democracy York