Wednesday, October 28, 2015

My Review of "Civic Capitalism."

3 out of 5 stars.....

The authors and most of the contributors are British and this book focuses on Britain's problems post financial crisis 2008, while expanding it to be basically a manifesto against capitalism.

On almost every page, the book uses the words neoliberal or neoliberalism

The book presents an alternative, not an improvement. As such, it is better to use the book as a way to consider improvements. It offers worthy considerations such as sustainability and environmental improvements, as well as social improvements which would make for less greed and for a society less concerned with consumption.

It also mentions that this alternative should be global, but since the crisis some coordination has been achieved.

Further, in the US where the crisis began, better regulation has been achieved via  Dodd-Frank, increased FDIC insurance, etc.

It should be remembered that the world is the most peaceful (% dying from war), prosperous (% above poverty), healthiest (highest life expectancy), educated, etc.in history. So, I recommend this book, only with the condition that it be read for ideas on how to improve our current economic system.