The Future Of Capitalism: How Today's Economic Forces Shape Tomorrow's World

Lester C Thurow

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This work analyzes the future of capitalism, and charts a course for surviving and winning in the years ahead. "Survival of the fittest" capitalism stands alone and apparently trimphant. Communism has collapsed and the social welfare state is breaking down everywhere. But technology and ideology are shaking the foundations of 21st-century capitalism. Technology is making skills and knowledge the only sources of sustainable strategic advantage. Abetted by the electronic media, ideology is moving toward the consumer's instant gratification. A new capitalism must emerge, one in which the ownership of skills ("man-made brainpower") instead of physical capital is the key strategic asset. Economic success will depend upon our willingness and ability to make long-term social investments in skills, education, knowledge and infrastructure. The intrinsic problems of capitalism (instability, rising inequality) are still waiting to be solved, but so are a new set of problems - and opportunities - that flow from capitalism's growing dependence upon human capital and man-made brainpower industries.

In this era of massive economic and political change as five great "tectonic plates" of capitalism reshape the future, those who win will learn to play a new game with new rules requiring new strategies. Tomorrow's winners will have very different characteristics than today's winners. When technology and ideology start moving apart, the only question is when will the "big one" (the earthquake that rocks the system) occur? Paradoxically at a time when capitalism finds itself at the "end of history" with no social and political competitors, it will have to undergo a profound metamorphosis. Lester Thurow is the author of "Head to Head" and "The Zero-Sum Society".

What will you learn from this book

  1. Globalization: Discusses the impact of globalization on the future of capitalism, including its effects on trade, investment, and economic interdependence among nations.

  2. Technology and Innovation: Explores how technological advancements and innovation are shaping the future of industries, jobs, and economic growth within capitalist systems.

  3. Income Inequality: Addresses the issue of income inequality and its implications for capitalism, analyzing the widening wealth gap and potential socio-economic consequences.

  4. Government Policies: Examines the role of government policies in shaping the future of capitalism, discussing regulatory frameworks, taxation, and social welfare programs.

  5. Market Forces: Explores the influence of market dynamics, competition, and consumer behavior on the evolution of capitalist economies.

  6. Environmental Sustainability: Discusses the challenges of balancing economic growth with environmental sustainability, considering the impact of capitalism on natural resources and the environment.

  7. Labor and Employment Trends: Analyzes shifts in the labor market, employment trends, and the impact of automation on jobs and workforce dynamics within capitalist economies.

  8. Financial Systems: Explores the role of financial institutions, capital markets, and monetary policies in shaping the future of capitalism.

  9. Geopolitical Shifts: Considers geopolitical factors and global power shifts, examining how they might influence the future direction of capitalist economies.

  10. Prospects for Reform: Discusses potential reforms and changes needed within capitalist systems to address challenges and foster sustainable economic growth and social well-being.

Language English
ISBN-10 1857881362
ISBN-13 9781857881363
No of pages 396
Font Size Medium
Book Publisher Nicholas Brealey Publishing
Published Date 26 Jun 1997

About Author

Author : Lester C Thurow

5 Books

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