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The Capitalism Papers

Six Fatal Flaws of an Obsolete System

Hardcover

Published: 12th June 2012
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This title presents a powerful series of arguments that capitalism, once an effective system, is dangerously obsolete and brings grave threats to life on Earth. In the vein of his bestseller, "Four Arguments for the Elimination of Television", nationally recognised social critic Jerry Mander researches, discusses, and exposes the momentous and unsolvable environmental and social problems of capitalism. Mander argues that capitalism is no longer a viable system: 'What may have worked in 1900 is calamitous in 2010.' Capitalism, utterly dependent on never-ending economic growth, is an impossible absurdity on a finite planet with limited resources. Climate change, together with global food, water, and resource shortages, is only the start. Mander draws attention to capitalism's obsessive need to dominate and undermine democracy, as well as to diminish social and economic equity. Designed to operate free of morality, the system promotes permanent war as a key economic strategy. Worst of all, the problems of capitalism are intrinsic to the form. Many organizations are already anticipating the breakdown of the system and are working to define new hierarchies of democratic values that respect the carrying capacities of the planet.

Praise for "The Capitalism Papers"
"In Mander's provocative newest, the environmentalist, social critic, and author of "1977's Four Arguments for the Elimination of Television" predicts the impending failure of the capitalist "experiment," one based on infinite expansion and unable to meet the challenges of climate change, peak oil, finite resources, and a rising global population. Mander lambasts the "intrinsic amorality" of capitalism, arguing that its focus on amassing wealth at any cost has abetted the rise of the incredibly lucrative military-industrial complex, and the practice of "so-called democratic governments...catering to and facilitating the interests of the ultra-rich." Arguing that "cooperation must replace competition," Mander's concerns transcend party lines and established ideologies. As such, he closes with a compelling discussion of four ideas that he believes might blaze a trail away from capitalism and toward sustainable economic models: he suggests a refocusing on the limits of our planet, an emphasis on localization (as opposed to globalization), improved corporate structures, and a dismissal of the current black-and-white notion of capitalism vs. socialism. Refreshing and informative, these papers are a cogent rally cry and eloquent assessment of America's--and the world's--current predicament, dismal prospects, and hope for a way out." --"Publishers Weekly"
"This is a bold, much-needed book. On a subject where others are too often abstract or strident, Jerry Mander writes with a down-to-earth common-sense wisdom. I particularly like the way he weaves together his own experience in business and advertising with a large-spirited awareness of so many dimensions of the fragile planet we live on." --Adam Hochschild, author of "King Leopold's Ghost"
"Jerry Mander's "The Capitalism Papers" is a book of astonishing clarity and all-too-rare honesty. In an age where our major institutions are in collapse as our environment crumbl

Introduction
Economic Successionp. 3
The Missing Linkp. 5
The "C"-Wordp. 7
This Bookp. 11
Disclaimerp. 11
Structural Argumentsp. 13
Growing Up Globalp. 16
A New World Orderp. 17
From Yonkers to Whartonp. 20
New Dawn for Businessp. 21
Robert McNamara, Enforcerp. 24
Forty Years Laterp. 28
The Copenhagen Conundrump. 30
Carbon Debtp. 31
Cochabamba, Boliviap. 33
The CancĂșn Conundrump. 35
The Morales Conundrump. 37
The Fatal Flaws of Capitalism
Intrinsic Amorality & Corporate Schizophreniap. 43
Is Greed Good?p. 49
Everyday Life in Advertisingp. 53
Are Corporations People?p. 58
Corporations Are Machinesp. 60
Intrinsic Inequities of Corporate Structurep. 62
Eight Intrinsic Inequities of Corporate Structurep. 64
Profits from Business Operationp. 64
Profits from Capitalization of the Public Commonsp. 65
Cost Externalizationp. 65
Limited Legal Liabilityp. 66
Exploitation of the Intellectual Commonsp. 66
CEO Megasalaries & Bonusesp. 70
Stock Payments & Dividendsp. 72
Invested Earnings: The Multiplier Effectp. 73
Wage Repression of Employeesp. 73
The "Worker Productivity" Scamp. 75
Cashing Out: The Sale of Company Assetsp. 76
The Illusion of Corporate "Efficiency"p. 77
Endless Growth on a Finite Planetp. 81
Ecosystem Into Economyp. 84
Gross Domestic Product (GDP)p. 85
What's Left Out of GDP?p. 87
Virtual Growthp. 89
"Planetary Boundaries"p. 91
Resource Shrinkage on a Finite Planetp. 92
Financial Speculation in Food Suppliesp. 94
Privatization of Waterp. 97
Peak Species & Peak Beautyp. 98
Earth Islandp. 100
Fundamental Questionsp. 103
Searching for Growth: Desperate Measuresp. 105
Seven Explorations in Growing Growthp. 106
Shifting from Real Growth to Virtualp. 106
Creating "New Resources"-Privatizing the Commonsp. 106
Expanding the Military Economyp. 107
Green Capitalismp. 107
Eco-pornographyp. 109
Green Shoppingp. 110
Search for Green Energyp. 111
Net Energy Limitsp. 112
Creative Destructionp. 114
Techno-Utopianism & New Naturep. 119
Reinventing Naturep. 120
Atmospheric Engineeringp. 122
Artificial Volcanoesp. 125
Debate: Intellect or Wisdom?p. 126
Propensity Toward Warp. 129
War as Economic Strategyp. 130
The stealth Economyp. 134
Doing the Numbersp. 135
Commercial Arms Tradep. 138
Military Keynesianismp. 139
F-35LightningII Fighter: $325 billion (Lockheed Martin Corporation)p. 140
Gerald Ford-Class Supercarrier: $120 billion (Northrop Grumman Corporation)p. 141
Future Combat System: $340 billion (Boeing and SAIC)p. 141
Littoral Combat Ship: $38 billion (Austal USA and Lockheed Martin)p. 141
U.S. Military Basesp. 143
Asia Pacificp. 144
Western Europep. 145
Middle Eastp. 145
Africap. 146
South Americap. 146
Focus on the pacificp. 147
"Comparative Advantage" oe Warp. 151
Privatization of Democracyp. 153
Rule by the Richp. 154
Doing the Numbersp. 156
What Is a Billion Dollars?p. 158
The "Problem" of Surplus Capitalp. 159
Investments in Governmentp. 160
Politicians for Salep. 164
Koch Brothers: Role Models for Neofeudal Expressionp. 167
Democracy?p. 170
Privatization of Consciousnessp. 172
Who Needs Advertising?p. 174
Living Inside Mediap. 176
Advertising to Childrenp. 177
Global Reachp. 178
The Powers of Received Imagesp. 179
Are You Immune?p. 180
Is Television Real?p. 181
"Truth" in Advertisingp. 182
Virtual Realityp. 185
Global Controlp. 186
AOL-Time Warnerp. 188
Disneyp. 188
The News Corporationp. 189
Crisis pointp. 190
Capitalism or Happinessp. 194
Laissez-Fairep. 195
Doing the Numbersp. 196
Consequences of Inequityp. 199
Economics of Happinessp. 201
Sufficiencyp. 203
Summaries & Afterthoughtsp. 206
Epilogue
Which Way Out?p. 213
Four Megashifts Toward a New economicsp. 217
Nature Comes Firstp. 217
Steady-state Economicsp. 218
Contraction and Convergencep. 219
Biological Restoration and the Public Commonsp. 220
The United Nations' Declaration of the Rights of Mother Earthp. 221
The Primacy of Scale: Not Globalization, Localizationp. 222
Direct Democracyp. 224
The Indigenous Examplep. 226
Experiments in Corporate Values and Structurep. 229
Redesigning Corporate Formp. 230
Worker-owned Cooperativesp. 233
Hybrid Economicsp. 235
Central Planning?p. 236
Can We Learn from China?p. 237
New-economy Modelsp. 238
Uncharted Territoryp. 241
Bibliographyp. 245
Organizationsp. 253
Acknowledgmentsp. 257
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9781582437170
ISBN-10: 1582437173
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 256
Published: 12th June 2012
Dimensions (cm): 23.0 x 18.0  x 2.8
Weight (kg): 0.499