Year: 2016
Type: book-review
Abstract: Welcome to the worst decade since the Great Depression.Trillions of dollars of financial assets destroyed; trillions in shareholder value vanished; worldwide GDP stalled.But this isn't a financial crisis, or even an economic one, says Haque.It's a crisis of institutions--ideals inherited from the industrial age.These ideals include rampant exploitation of resources, top-down command of resource allocations, withholding of information from stakeholders to control them, and a single-minded pursuit of profit for its own sake.All this has produced "thin value"-short-term economic gains that accrue to some people far more than others, and that don't make us happier or healthier.1 Umair Haque conveys a harsh critique of the moral (ethical), social and economic (monetary) bankruptcy of 20 th century capitalism.But haque goes further and distributes a bold vision, interesting framework and concrete examples of 21 st century "Constructive Capitalism".
Language: English
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W2604329288