978-1-58799-145-5 / 9781587991455

Paradoxes of Prosperity: Why the New Capitalism Benefits All





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About the book:

In the New Capitalism, things aren't always what they seem. We know technology is changing capitalism. We hear about the riches of the information revolution. In theory, there is a greater opportunity for global prosperity now more than ever before. Yet for the first time in nearly 40 years activists have engaged in mass street protests against capitalism. The anti-globalization riots that started in Seattle, Washington, Melbourne, and Prague continue to gain momentum. Riots end in destruction and clouds of tear gas. There is a hunger for change: but is this really the way? In "Paradoxes of Prosperity", Diane Coyle, a Harvard-trained economist and award-winning columnist for "The Independent" examines the need for a worldwide change and also follows those who think that capitalism and globalization are the problem, not the solution. Capitalism, she argues, is the only solution for increasing prosperity in both urban neighborhoods and developing countries. A "new capitalism" is dawning. And there will be a revolution, but it doesn't need tear gas.

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