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New Democracy
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57 b
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"There is no alternative" to the prevailing global economic system has become the watchword of our times. Yet more and more people agree with Harry Shutt that this way lacks vision for the future of humanity, is empty of social responsibility and environmental care, and will not deliver a stable economy or secure political future. He shows why the late 20th century's version of laisser-faire capitalism is inherently unstable and heading for breakdown. And why the neo-imperial international political order, dominated by the US, is likely to follow suit. Above all, he gives us practical ideas for overcoming the crisis of underdevelopment and poverty in the Third World; replacing the "free" market with a system that limits profit maximization, curbs the power of big money, and introduces an element of rational planning; and a new supra-national system that replaces globalization with genuinely democratic and socially responsible institutions for managing global problems.
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