The Future of Capitalism
"From world-renowned economist Paul Collier, a candid diagnosis of the many failures of the greatest economic system in history, and a pragmatic and realistic vision for how we can repair it. Western society, once thriving, is being torn apart by deep new rifts in its social and economic fabric. It's now populous cities versus rural counties; the highly skilled elite versus the less educated; wealthy versus developing countries. As these breaks have deepened, we've lost the sense of obligation to others so crucial to the rise of postwar social democracy in the first place. These divisions are currently being addressed solely by revivalist ideologies and populist megafigures--we're in the age of Brexit, President Donald Trump, and the return of the far right in Germany. And unless we do something now, the gap between the promises of prosperity for all that capitalism once offered and the crisis of contempt we find ourselves in will only grow wider, faster. [This book] is a passionate and polemical treatise that presents brilliantly original solutions for healing this economic, social, and cultural discord, with the cool head of pragmatism and policy rather than the fervor of rhetoric. Paul Collier's workable solution is in the center: we have no time for moral or intellectual superiority on either side of the political spectrum, he argues, and no shiny new economic theory is going to save us this time.
Stats for nerds
2recommend
4mentions
4people
2018–2022years
50% recommend50% neutral
Mentions per year
What Hacker News says
- This is an opinion that’s risky to have because at a superficial level it’s not oriented enough around “save the children”. But there’s some good evidence for it. There’s some great analysis in “The Future of Capitalism” by Paul Collier if anyone is interested in a deeper look
- Books I liked in 2018:
Crashed by Adam Tooze ; history of the financial crisis, goes into more detail than most of the others
The Future of Capitalism by Paul Collier; lots of ideas on how to improve our situation, most of them are good, UK focused
Bad Blood by John Carreyrou; if you've ever been in a startup you'll recognize bits of this story, but it quickly gets out of control in novel ways. Astonishing story.
What Money Can't Buy: The Moral Limits of Markets by Michel Sandel
The Attention Merchants by Tim Wu
Who we are and how we got here by David Reich: ancient DNA and human history
The Book of Why by Judea Pearl; liked it but I need to reread this one a few more times to comprehend completely or go to his textbooks
Empire of Cotton: Sven Birckets; a history of the first global technology including how it made the UK & USA rich
The Away Game: The Epic Search for Soccer's Next Superstar by Sebastian Abbot
- From the post's author, the mentioned book is:
> The Future of Capitalism by Paul Collier. There are a lot of insights in there but beware that the writing is kinda problematic in some ways, so it doesn’t get my full endorsement.
- It is always interesting to see Gates reading list. Most books on the current list is about upheavals and issues in society.
Paul Collier's Book, The Future of Capitalism is on the list.
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