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Capitalism in the 21st Century: Why Global Capitalism Is Broken and How It Can Be Fixed
Contributor(s): Park, Donghyun (Author)
ISBN: 9813274239     ISBN-13: 9789813274235
Publisher: World Scientific Publishing Company
OUR PRICE:   $64.60  
Product Type: Hardcover - Other Formats
Published: April 2019
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Additional Information
BISAC Categories:
- Business & Economics | Globalization
- Business & Economics | Free Enterprise & Capitalism
- Business & Economics | Economics - General
Physical Information: 0.81" H x 6" W x 9" (1.44 lbs) 360 pages
 
Descriptions, Reviews, Etc.
Publisher Description:

Global capitalism is currently suffering from an unmistakable malaise, epitomized by wide and growing inequality that is eroding popular support for capitalism. Such anti-capitalist sentiment, coupled with a growing anti-globalization mood, delivered Brexit in a UK referendum and swept Donald Trump to the US presidency. In Capitalism in the 21st Century, internationally well-regarded economist Dr Donghyun Park articulately explains why more capitalism is needed to tackle global problems such as climate change and inhumane poverty. While defending capitalism against its unfair demonization, the author makes a positive case for entrepreneurial capitalism, which creates wealth and jobs as well as drives human progress. According to the author, reforming the financial industry, which has become a self-serving leviathan, and more fundamentally, tweaking the economic role of the government, which stifles growth-promoting entrepreneurship, are critical to restoring the vitality of capitalism. The book is explicitly written in such a way that the general reader without any background in economics or finance can easily understand it.