The recent crisis, created by finance capitalism, has brought us to the economic abyss. The excessive freedom of international markets has rapidly transformed into international panic, with states struggling to rescue and bail out a globalised financial sector. Reform is promised by our leaders, but in governments dominated by financial interests there is little hope of meaningful change.
Decent Capitalism argues for a response that addresses capitalism's systemic tendency towards crisis, a tendency which is completely absent from the mainstream debate. The authors develop a concept of a moderated capitalism that keeps its core strengths intact while reducing its inherent destructive political force in our societies. This book argues that reforming the capitalist system will have to be far more radical than the current political discourse suggests.
Decent Capitalism is a concept and a slogan that will inspire political activists, trade unionists and policy makers to get behind a package of reforms that finally allows the majority to master capitalism.
Sebastian Dullien is a senior policy fellow at European Council on Foreign Relations and a professor of International Economics at HTW Berlin, the University of Applied Sciences. He is the co-author of Decent Capitalism (Pluto, 2011). Hansjorg Herr is a Professor at the Berlin School of Economics. He is the co-author of Decent Capitalism (Pluto, 2011). Christian Kellermann is the Director of the Nordic Office of the Friedrich Ebert Foundation (FES) in Stockholm. He is the co-author of Decent Capitalism (Pluto, 2011).
Introduction 1. The Rise of Neoliberalism 2. Unleashing Financial Markets 3. Global Imbalances Fuel Global Instability 4. Labour in the Wake of Markets 5. The next stage of the crisis 6. Main Features of a New Economic Model 7. Strong Public Sector Balancing Markets 8. Revaluing Labour and Wages 9. Global Finances Need Global Management 10. A new growth paradigm Conclusion: New Tale to Tell Literature Index