ENGLISH

Remaking Scarcity: From Capitalist Inefficiency to Economic Democracy

By Costas Panayotakis

Book information

Publisher
Pluto Press
Year
2011
ISBN
0745330991, 9780745330990
Language
english
Format
PDF
Filesize
11 MB (11312034 bytes)
Series
The Future of World Capitalism
Pages
224\225
Time added
2017-05-23 09:56:02
Development & Growth;Economics;Business & Money;Ec

Description

The dominant schools of neoclassical and neoliberal economics tell us that material scarcity is an inevitable product of an insatiable human nature. Against this, Costas Panayotakis argues that scarcity is in fact a result of the social and economic processes of the capitalist system. The overriding importance of the logic of capital accumulation accounts for the fact that capitalism is not able to make a rational use of scarce resources and the productive potential at the disposal of human society. Instead, capitalism produces grotesque inequalities and unnecessary human suffering, a toxic consumerist culture that fails to satisfy, and a deepening ecological crisis.

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