Synopsis
Capitalism stands unrivalled as the economic system of our times. Since the collapse of the Soviet bloc, the world has become a stage for capital, and yet despite this dominance, capitalism is still not well-understood.
This is a guide to thinking about capitalism, both as an ideology and as an economic system. It asks: what are the central, unchanging features of capitalism? How does capitalism vary from place to place and over time? Does capitalism improve our lives? Is capitalism a system which is 'natural' and 'free'? Or is it unjust and unstable? And what about today's global capitalism? Answers to these questions and many more are sought through an analysis the life of this world-shaping idea and of the writings of leading thinkers such as Adam Smith, Milton Friedman, Francis Fukuyama, John Maynard Keynes and Karl Marx. The book concludes by arguing that the advocates of global capitalism have erred and that, without change, we are heading for an impoverished future.
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About Paul Bowles
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Paul Bowles
1910–1999
Paul Frederic Bowles (December 30, 1910 – November 18, 1999) was an American expatriate composer, author, and translator. He became associated with Tangier, where he settled in 1947 and lived for 52 years to the end of his life. Following a cultured middle-class upbringing in New York City, during which he displayed a talent for music and writing, Bowles pursued his education at the University of Virginia before making several trips to Paris in the 1930s. He studied music with Aaron Copland, and in New York wrote music for theatrical productions, as well as other compositions. He achieved critical and popular success with his first novel The Sheltering Sky (1949), set in what was known as French North Africa, which he had visited in 1931. In 1947 Bowles settled in Tangier, at that time in the Tangier International Zone, and his wife Jane Bowles followed in 1948. Except for winters spent in Sri Lanka (then known as Ceylon) during the early 1950s, Tangier was Bowles' home for the remainder of his life. He came to symbolize American immigrants in the city. Paul Bowles died in 1999 at the age of 88. His ashes are buried near family graves in Lakemont Cemetery, in upstate New York.
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