Book Reviews

Postcapitalism: A Guide to Our Future

Paul mason is an award-winning economics TV editor, with several titles related titles to his credit.

In this seminal book about capitalism and ideologies of all parties, his ideas about the future will to find much agreement with all political parties and politicians.

It is clear that American capitalism has degenerated into a support mechanism of political parties and politicians.

Conservative dailies regard this book as aggressive, condescending and harsh but it contains the truth abort capitalism and communism.

Both economic systems have been analysed, their history told, and how each survived or went under.

Every American presidential election costs billions and the cost increases every time, partially due to inflation, and partially due to every campaign becoming more complex, wide-spread, and expensive.

It is now clear that a very small portion of the society has amassed an inordinate amount of wealth, whereas everyone has lost ground.

Big firms, especially banks, acquired so much money that they can, and by and large do, dictate policy to any party.

American capitalism evolved differently than in Europe. There, a different version of capitalism took place with some semblance to equitable distribution of wealth by modified, maybe more humane socialism.

The text in three parts explains how neoliberalism is broken, memories of the past are short, questions if Karl Marx was right and long wave theory of Kondratieff still applies.

The second part deals with post capitalism predictions, free availability of everything essential for life for everyone, and standard guaranteed income to all.

The third part contains predictions, and suggestions as to how transition to a new more equal economic order could occur, how constantly evolving electronic technologies are likely to affect change, how individual expectations, and demands may bring about radical evolutions, and how management practices may revolutionize union relations, workers’ attitudes to toward productivity, and quality of work will affect pay and benefits.

Labour is the main contributor’s wealth. The economy of each country must be reshaped to reward labour fairly and equitably.

This book contains a few good suggestions, and should be studied by all politicians and decision makers.

Highly recommended.

 

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