The Future of Capitalism
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Narrated by:
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Peter Noble
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Written by:
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Paul Collier
About this listen
Brought to you by Penguin.
Deep new rifts are tearing apart the fabric of Britain and other Western societies: thriving cities versus the provinces, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit and the return of the far right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now.
In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts - economic, social and cultural - with the cool head of pragmatism, rather than the fervour of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession.
Drawing on his own solutions as well as ideas from some of the world's most distinguished social scientists, he shows us how to save capitalism from itself - and free ourselves from the intellectual baggage of the 20th century.
'In this bold work of intellectual trespass, Paul Collier, a distinguished economist, ventures onto the terrain of ethics to explain what's gone wrong with capitalism, and how to fix it. To heal the divide between metropolitan elites and the left-behind, he argues, we need to rediscover an ethic of belonging, patriotism, and reciprocity. Offering inventive solutions to our current impasse, Collier shows how economics at its best is inseparable from moral and political philosophy' Michael Sandel, author of What Money Can't Buy and Justice
'The Future of Capitalism is the most revolutionary work of social science since Keynes. Let's hope it will also be the most influential. These times are in desperate need of Paul Collier's insights.' George Akerlof, Nobel Laureate in Economics, 2001
'For thirty years, the centre left of politics has been searching for a narrative that makes sense of the market economy. This book provides it' John Kay, Fellow of St John's College, Oxford and the author of Obliquity and Other People's Money
What listeners say about The Future of Capitalism
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- Madhanmohan S
- 29-07-19
I love the approach of reciprocal obligation
I have been following few of the ideas of reciprocal obligation with in my close circle of relatives and friends. shared identity is another one I believe in. I love the story line and hats off for writing this book.
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- Amit Mittal
- 22-06-19
Strictly opinion
It's not really an exposition of dialectic critical ism yet the author ventures into new territory with a thoughtful and balanced presentation
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- hardie thakkar
- 17-07-19
ethical and moral future to inclusive world
highly relevant, future can be bright , political courage required, closing the gap between elite 1% and 99% others
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