Beyond Neoliberalism: A World to Win by James Petras, Henry Veltmeyer

By James Petras, Henry Veltmeyer

The realm is on the crossroads of social swap, within the vortex of forces which are bringing a few diverse global, a post-neoliberal nation. This groundbreaking e-book lays out an research of the dynamics and contradictions of capitalism within the twenty-first century. those dynamics of forces are traced out in advancements the world over - within the Arab Spring of North Africa and the center East, in Cuba and in different places in Latin the USA, within the usa, and in Asia. The forces published by means of a method in situation may be mobilized in several methods and instructions. the point of interest of the booklet is at the strategic responses to the systemic main issue. because the authors inform it, those dynamics drawback 3 worldviews and strategic responses. The Davos Consensus makes a speciality of the virtues of the loose industry and deregulated capitalism because it represents the pursuits of the worldwide ruling classification. The post-Washington Consensus issues the necessity to supply capital a human face and determine a extra inclusive kind of improvement and worldwide governance. as well as those visions of the long run and tasks, the authors establish an rising radical consensus at the have to circulate past capitalism in addition to neoliberalism.

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Although 4 On this program, pioneered by Brazil but now established in 17 Latin American countries, see, inter alia, Valencia Lomelí (2012). The Inequality Predicament 29 there is good evidence that overall poverty fell in terms of headcount ratios, there is no consensus on what happened to poverty in India in rural areas. Discrepancies between household surveys and national accounts have made it difficult to derive a single picture of the evolution of poverty in India. 7 percent in 1993 to 22 percent in 2005, with a sharper decrease in rural areas (OECD, 2010b: 34).

However, the underlying albeit normally unexpressed concern is for political stability or governability. In this connection, a study and report commissioned by the UK Ministry of Defence (2007) is eloquent in pointing out the profound political implications of the global divide in wealth and development that continue to breed ‘forces of resistance’ and will likely lead to a ‘resurgence of not only anticapitalist ideologies … but also to populism and the revival of Marxism’ (2007: 3). 9 Each has worried loudly and publicly about the dangers of the ‘rising gap between the rich and the rest’, as The Economist puts it.

Conceptualized and theorized in these terms, the social structure of occupational groupings is conceived as a status hierarchy in which each class of human functionary, according to its location in the social structure, is allocated a certain ‘coefficient of well-being’—income, and other ‘rewards for effort, of the rich and the poor on the extremes of wealth and income distribution. This image of society as middle class in the United States, fostered by the dominant ideology (and even academic discourse), is so powerful as to resist any reference to the real world in which most people live.

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