Paradoxes of prosperity

Description

"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 forty 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 worldwide change and also the folly of those who think that capitalism and globalization are the problem not the solution. Capitalism, in fact, is the only solution for increasing prosperity in both urban neighborhoods and in developing countries. Everything is on the brink of change: A 'new capitalism' is dawning. And there will be a revolution, but it doesn't need tear gas."--Jacket.

First Sentence

Why is it that so many people are so pessimistic and angry about the state of the world at a time when new technologies hold out the promise of tremendous increases in prosperity and human well-being?

Subjects

Other Editions

• Paradoxes of prosperity: why the new capitalism benefits allTexere2001-01-01
• Paradoxes of ProsperityPaperbackTexere2002-09-12