This book offers a new perspective on the financialisation of the economy and its profound technological transformation in an increasingly interdependent and globalised world. A deterioration of capitalist property has led to the reactivation of pre-capitalist social phenomena such as slavery. Meanwhile secular deflation and international destruction of the social state have wrought havoc with all familiar modern welfare infrastructure. Yet, Sapelli argues, there is still hope in the form of the gradual evolution of a community-based socialism based on diverse forms of ownership, co-operative living and working, and sustainable capitalist property. Sapelli presents a severe and dramatic look at the present world, where there is still a light at the end of the tunnel.
Author(s): Giulio Sapelli
Publisher: Palgrave Macmillan
Year: 2019
Language: English
Pages: 196
Tags: Macroeconomics/Monetary, Economics/Financial Economics, Capitalism
Preface......Page 6
Bibliography......Page 16
Contents......Page 17
Introduction to the Book by Giulio Sapelli......Page 18
Transformation of Global Capitalism, Deflation with Unemployment and Rhetoric Around Intergenerational Conflict......Page 23
Public Spending and Social Reproduction: Overturning the Rhetoric......Page 25
Transformation of Public Intervention in the Crisis in the US and Japan......Page 26
The European Exception to the Generational Narrative......Page 28
Deficit and Debt......Page 29
Low Growth, Demographics, Labour: Problems to Be Solved......Page 30
Social Reproduction Is Difficult......Page 31
European Growth Is Possible Only If the Public Debt Paradigm Changes......Page 32
Europe Is the Epicentre of Deflation and Power Imbalance......Page 33
France and Germany......Page 38
Neo-colonialism and Neo-imperialism......Page 40
New Areas of State: Between Leviathan and Behemoth......Page 51
Bibliography......Page 73
The Advent of Owner Capitalism: Ordoliberalism and New Technologies......Page 77
A New Kondratieff Cycle......Page 83
A Technology for Long-term Stagnation?......Page 86
Mechanics, Commodities, Labour......Page 97
Soul of the Capitalist Machinery......Page 103
Why Should We Research Workers and Employees Today?......Page 106
Disappearance of Trade Unions: Deinstitutionalised Capitalism?......Page 117
Bibliography......Page 124
Histories, Wars, Markets......Page 128
The Problem Is Ownership and Its Variable Forms......Page 131
Faith?......Page 147
Bibliography......Page 151
More on Allocation of Ownership......Page 153
Common Goods......Page 158
Bibliography......Page 164
Living Worlds … Communities?......Page 166
People: Our Strength......Page 169
Bibliography......Page 173
Adriano Olivetti and the Language of Hope......Page 176
Index......Page 192
