U.S. Capitalist Development since 1776: Of, By, and for Which People?

U.S. Capitalist Development since 1776: Of, By, and for Which People?

U.S. Capitalist Development since 1776: Of, By, and for Which People?

U.S. Capitalist Development since 1776: Of, By, and for Which People?

Synopsis

This book is a provocative analysis of the historical development of American capitalism and its contemporary social and economic crisis. Its work of synthesis that began with the founding of the Republic and draws from economics, history and other social sciences, with particular use of insights from Marx, Veblen, and Keynes. The author sees the achievements the problems, and the tragedies of U.S. history as stemming from the needs and the ability of American capitalism to expand and explore in ever changing ways. While capitalism claims to enhance production and freedon, in the author's view, it has done so with great costs and distortions of the human spitit and to the natural environment. Its production, income, and wealth are distributed as unevenly and unjustly as are its freedoms and its political and economic power. Looking to the future, the author writes, If the United States emerges from the ongoing crisis without a significant alteration of its capitalist institutions in directions that have human and environmental needs rather than capital's - as guiding standards, it will do so by beconing more centralized, more militarized, more oppressive, and more heartless at home and abroad.
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