The Corruption Of Capitalism

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The Corruption Of Capitalism

Author : Guy Standing
ISBN : 9781785901119
Genre : Business & Economics
File Size : 29.53 MB
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There is a lie at the heart of global capitalism. Politicians, financiers and global bureaucrats claim to believe in free competitive markets, but have constructed the most unfree market system ever. It is corrupt because income is channelled to the owners of property - financial, physical and intellectual - at the expense of society. This book reveals how global capitalism is rigged in favour of rentiers to the detriment of all of us, especially the precariat. A plutocracy and elite enriches itself, not through production of goods and services, but through ownership of assets, including intellectual property, aided by subsidies, tax breaks, debt mechanisms, revolving doors between politics and business, and the privatisation of public services. Rentier capitalism is entrenched by the corruption of democracy, manipulated by the plutocracy and an elite-dominated media. Meanwhile, wages stagnate as labour markets are transformed by outsourcing, automation and the on-demand economy, generating more rental income while expanding the precariat. The Corruption of Capitalism argues that rentier capitalism is fostering revolt, and concludes by outlining a new income distribution system that would achieve the extinction of the rentier while promoting sustainable growth.
Category: Business & Economics

The Great Deformation

Author : David Stockman
ISBN : 9781586489137
Genre : Political Science
File Size : 37.3 MB
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A New York Times bestseller The Great Deformation is a searing look at Washington's craven response to the recent myriad of financial crises and fiscal cliffs. It counters conventional wisdom with an eighty-year revisionist history of how the American state -- especially the Federal Reserve -- has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America's private enterprise foundation to morph into a speculative casino that swindles the masses and enriches the few. Defying right- and left-wing boxes, David Stockman provides a catalogue of corrupters and defenders of sound money, fiscal rectitude, and free markets. The former includes Franklin Roosevelt, who fathered crony capitalism; Richard Nixon, who destroyed national financial discipline and the Bretton Woods gold-backed dollar; Fed chairmen Greenspan and Bernanke, who fostered our present scourge of bubble finance and addiction to debt and speculation; George W. Bush, who repudiated fiscal rectitude and ballooned the warfare state via senseless wars; and Barack Obama, who revived failed Keynesian "borrow and spend" policies that have driven the national debt to perilous heights. By contrast, the book also traces a parade of statesmen who championed balanced budgets and financial market discipline including Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, and Sheila Bair. Stockman's analysis skewers Keynesian spenders and GOP tax-cutters alike, showing how they converged to bloat the welfare state, perpetuate the military-industrial complex, and deplete the revenue base -- even as the Fed's massive money printing allowed politicians to enjoy "deficits without tears." But these policies have also fueled new financial bubbles and favored Wall Street with cheap money and rigged stock and bond markets, while crushing Main Street savers and punishing family budgets with soaring food and energy costs. The Great Deformation explains how we got here and why these warped, crony capitalist policies are an epochal threat to free market prosperity and American political democracy.
Category: Political Science

Crony Capitalism

Author : David C. Kang
ISBN : 052100408X
Genre : Business & Economics
File Size : 68.25 MB
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Even in Korea, corruption was far greater than the conventional wisdom allows - so rampant was corruption that we cannot dismiss it; rather, we need to explain it."--BOOK JACKET.
Category: Business & Economics

Corruption Capitalism And Democracy

Author : John Girling
ISBN : 9781134744695
Genre : Political Science
File Size : 79.39 MB
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Corruption arises from the collusion of economic and political elites, a practice that has developed in order to overcome the contradiction of two important processes of our time: capitalism and democracy. In this new study of the phenomenon, the author shows how corruption is the practice of collusion taken to excess; 'the unacceptable face of capitalism'. Corruption, by 'going too far', exposes what is normally hidden from view; the collusive system of elites furthering the expansion of capitalist practice and market practice at the expense of democratic practice and public values.
Category: Political Science

Bandit Capitalism

Author : Bob Wylie
ISBN : 9781788852609
Genre : Business & Economics
File Size : 86.57 MB
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The collapse in January 2018 of the construction giant Carillion, outsourcer of huge Government building contracts, is one of the great financial scandals of modern times. When it folded it had only £29 million in the bank and debts and other liabilities adding up to a staggering £7 billion. When the total losses were counted it was established that the banks were owed £1.3 billion in loans and that there was a hole in the pension fund of £2.6 billion.That left British taxpayers picking up the tab to salvage the pensions owed to Carillion workers. On one level, this is a familiar story of directors who systematically looted a company with the aim of their own enrichment. But in a wider context the Carillion catastrophe exposes everything that is wrong about the state we are in now – the free-for-all of company laws which govern directors’ dealings, the toothless regulators, the crime and very little punishment of the Big Four auditors, and a government which is a prisoner of a broken model born of a political ideology which it cannot forsake. Through the story of Carillion, Bob Wylie exposes the lawlessness of contemporary capitalism that is facilitated by hapless politicians, and gives a warning for the future that must be heeded. Bandit Capitalism charts, in jaw-dropping detail, the rise and rise of the British Oligarchy.
Category: Business & Economics

Ussr The Corrupt Society

Author : Konstantin M. Simis
ISBN : UOM:39015001682072
Genre : Political corruption
File Size : 77.54 MB
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Onthullende studie van een voormalige Russische advocaat over de corruptie in de Sovjet-maatschappij.
Category: Political corruption

Capitalism S Achilles Heel

Author : Raymond W. Baker
ISBN : 9780471748588
Genre : Business & Economics
File Size : 38.32 MB
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For over forty years in more than sixty countries, Raymond Baker has witnessed the free-market system operating illicitly and corruptly, with devastating consequences. In Capitalism’s Achilles Heel, Baker takes readers on a fascinating journey through the global free-market system and reveals how dirty money, poverty, and inequality are inextricably intertwined. Readers will discover how small illicit transactions lead to massive illegalities and how staggering global income disparities are worsened by the illegalities that permeate international capitalism. Drawing on his experiences, Baker shows how Western banks and businesses use secret transactions and ignore laws while handling some $1 trillion in illicit proceeds each year. He also illustrates how businesspeople, criminals, and kleptocrats perfect the same techniques to shift funds and how these tactics negatively affect individuals, institutions, and countries.
Category: Business & Economics

Political Consequences Of Crony Capitalism Inside Russia

Author : Gulnaz Sharafutdinova
ISBN : NWU:35556041342619
Genre : Political Science
File Size : 32.54 MB
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"Gulnaz Sharafutdinova explores the development of crony capitalism in Russia, based on the contrasting cases of Tatarstan and Nizhnii Novgorod. She argues that the corruption which accompanied the market transition seeped over into electoral politics, and was a major factor in undermining popular support for democratic institutions. This finding is a challenge to transition theory, which posits that democracy and capitalism work hand in hand.-Peter Rutland, Wesleyan University --Book Jacket.
Category: Political Science

On Capitalism

Author :
ISBN : 0804768366
Genre : Business & Economics
File Size : 34.70 MB
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This important interdisciplinary work suggests a number of economic as well as sociological reasons why modern capitalism is such a uniquely dynamic force.
Category: Business & Economics

Political Affairs

Author : Earl Browder
ISBN : UOM:39015081708052
Genre : Communism
File Size : 40.44 MB
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A theoretical and political magazine of scientific socialism.
Category: Communism

China S Gilded Age

Author : Yuen Yuen Ang
ISBN : 9781108802383
Genre : Political Science
File Size : 74.35 MB
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Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang argues that not all types of corruption hurt growth, nor do they cause the same kind of harm. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of capitalism was not accompanied by the eradication of corruption, but rather by its evolution from thuggery and theft to access money. In doing so, she changes the way we think about corruption and capitalism, not only in China but around the world.
Category: Political Science

Econned How Unenlightened Self Interest Undermined Democracy And Corrupted Capitalism

Author : Yves Smith
ISBN : 0230105734
Genre : Business & Economics
File Size : 61.67 MB
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Why are we in such a financial mess today? There are lots of proximate causes: over-leverage, global imbalances, bad financial technology that lead to widespread underestimation of risk. But these are all symptoms. Until we isolate and tackle fundamental causes, we will fail to extirpate the disease. ECONned is the first book to examine the unquestioned role of economists as policy-makers, and how they helped create an unmitigated economic disaster. Here, Yves Smith looks at how economists in key policy positions put doctrine before hard evidence, ignoring the deteriorating conditions and rising dangers that eventually led them, and us, off the cliff and into financial meltdown. Intelligently written for the layman, Smith takes us on a terrifying investigation of the financial realm over the last twenty-five years of misrepresentations, naive interpretations of economic conditions, rationalizations of bad outcomes, and rejection of clear signs of growing instability. In eConned, author Yves Smith reveals: --why the measures taken by the Obama Administration are mere palliatives and are unlikely to pave the way for a solid recovery --how economists have come to play a profoundly anti-democratic role in policy --how financial models and concepts that were discredited more than thirty years ago are still widely used by banks, regulators, and investors --how management and employees of major financial firms looted them, enriching themselves and leaving the mess to taxpayers --how financial regulation enabled predatory behavior by Wall Street towards investors --how economics has no theory of financial systems, yet economists fearlessly prescribe how to manage them
Category: Business & Economics

China Report

Author :
ISBN : UOM:39015049031563
Genre : China
File Size : 86.71 MB
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Category: China

Corruption In Nigeria

Author : Christian Uche Akani
ISBN : UOM:39015051919408
Genre : Political Science
File Size : 86.87 MB
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This book documents five presentations made at a two-day conference on corruption, organised by the Institute for Academic Freedom, University of Port Harcourt in May 2000. The editor provides an overview, observing the extent to which the crisis of corruption - indivisible from the crisis of the Nigerian state and the colonial legacy - impinges upon national economic calculations; and sets out the anti-corruption and good-governance manifesto and the human rights agenda of the conference. The ensuing papers cover, and present possible solutions for: the political economy of corruption; the Nigerian state as an instrument of corruption; corruption and the challenges of development; and underdevelopment and corruption.
Category: Political Science

Frontline

Author :
ISBN : IND:30000004705657
Genre : Africa, Southern
File Size : 86.66 MB
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Category: Africa, Southern

The Transformation Of Capitalist Society

Author : Zellig Sabbettai Harris
ISBN : 0847684113
Genre : Business & Economics
File Size : 48.13 MB
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With the collapse of communism in Eastern Europe and the Soviet Union, there is a widespread assumption that capitalism is triumphant and immutable. It is now necessary for scholars to assess the strengths and weaknesses of capitalism, and the emerging processes that are transforming it. In The Transformation of Capitalist Society, Harris presents a compelling interpretation of the self-transformative capacities of capitalism. He argues that economic democracy and employee ownership and control are viable, socio-economic strategies of the transformation of capitalist societies. This book provides a valuable historical, economic, and sociological analysis of changes in the capitalist system.
Category: Business & Economics