FEATURED IN BILL GATES S 2019 SUMMER READING RECOMMENDATIONS This is a beautifully written and important book Read it Martin Wolf, Financial TimesFrom world renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair itDeep 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.These times are in desperate need of Paul Collier s insights The Future of Capitalism restores common sense to our views of morality, as it also describes their critical role in what makes families, organizations, and nations work It is the most revolutionary work of social science since Keynes Let s hope it will also be the most influential George Akerlof, Nobel Laureate in Economics, 2001 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 JusticeFor 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 For well to do metropolitans, capitalism is the gift that goes on giving For others, capitalism is not working Paul Collier deploys passion, pragmatism and good economics in equal measure to chart an alternative to the divisions tearing apart so many western countries Mervyn King, former Governor of the Bank of England

8 thoughts on “The Future of Capitalism: Facing the New Anxieties

  1. MRVikas MRVikas says:

    Sir Paul Collier brings together his exceptional knowledge of society, economics, politics and economics to deliver an outstanding book exploring not just how we got here in the story of capitalism, but a deep sense of the current fractures in the capitalist system and importantly what we can do to restore faith, ethics and operation in the system Sir Paul is one of the world s foremost experts on development economics, and in this book he turns his considerable analysis and expertise to the problems of occidental civilisation I hope that those in public office, and those responsible for our economy and businesses read this book as a text on how to develop a brighter future.

  2. Oriel Oriel says:

    A devastating critique of the ideology and behaviour of economists, business and political parties A reworking of Communitarian Pragmatism for the 21st century An argument for Maternalistic policy from governments and firms.Collier argues for a Repurposing of Society, and a recognition of Reciprocal Obligations There is such a thing as Society, and we are all in it together.

  3. ann brown ann brown says:

    A well written book, so good I bought my god daughter a copy who s studying economics and politics at university.

  4. David Holroyd David Holroyd says:

    Lots of unique and thought provoking solutions to modern economic issues Very easy to read as the text flows throughout Would highly recommend.

  5. Md Abir Hasan Md Abir Hasan says:

    This was very enlightening and thought provoking The analysis on the flaws of capitalism was most useful and should be read by politicians , policymakers and people in the privat sector.

  6. amy jayne weaver amy jayne weaver says:

    Perfect Very quick order completion

  7. k k says:

    tried several times, couldn t read it.

  8. bookworm8 bookworm8 says:

    I am not an academic or an economist I did, therefore, find parts of this book difficult to understand and needed to look up terms and events to follow the arguments At times I almost gave up but I am very concerned about the growing gap between the rich and the poor and the worsening insecurities and opportunities, especially for young people, so I persevered It was worth the struggle and I recommend anyone with a concern for the next generation which should be all of us to read this book.Tracing the rise and the successes of social democracy in implementing practical policies such as the NHS, pensions, unemployment support and education, he then notes how the political parties of social democracy in many countries have lost power He explains the cause of this as the takeover of central left and right political parties by middle class intellectuals whose values were not those of the general population but whose economic influence was disproportionally great The consequences of this have led to capitalism being morally bankrupt but Collier s experience of working in Africa, the USA, France and Britain support his belief that there is a workable, practical moral form of capitalism that both delivers prosperity and also meets our other needs, eschewing greed and giving a sense of purpose, belonging and mutual regard.This concept is the foundation for the rest of the book Rejecting the idea of the ends justifying the means,Collier sets out solutions based on ethical principles and practical solutions.There is much food for thought here, challenging, engaging and urgent However, as good as this book is and it is undeniably good on so many levels I cannot see it being read by those with the power to change the damaging routes we are now following We can all do our bit, but without mass understanding of the ideas and political will, Collier s timely and passionately sincere warnings and advice will not be heeded.In an ironic statement, Johnathan Swift, on finishing lGulliver s travels , write that it would wonderfully amend the world It didn t Let s hope this book has better success.