In 'The Future of Capitalism,' Paul Collier explores the urgent need to reform capitalism to address global inequalities and environmental challenges. He argues for a reimagined approach that balances economic growth with social justice, emphasizing the importance of community and cooperation. Collier's compelling insights challenge conventional beliefs about capitalism, urging readers to consider how economic systems can be redesigned for a more equitable future. With fascinating case studies and thought-provoking proposals, this book serves as both a guide and a call to action for a new era of capitalism. Will we embrace a transformative vision to secure a sustainable future?
By Paul Collier
Published: 2018
""In the quest for prosperity, we must recalibrate capitalism's compass to prioritize not just profit, but also people and the planet.""
From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it. Deep new rifts are tearing apart the fabric of the United States and other Western societies: thriving cities versus rural counties, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.
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“"In the quest for prosperity, we must recalibrate capitalism's compass to prioritize not just profit, but also people and the planet."”
The Future of Capitalism
By Paul Collier
Discover a world of knowledge through our extensive collection of book summaries.
Paul Collier is a renowned British economist and author, best known for his influential works on global development and poverty. He has authored several notable books, including 'The Bottom Billion', 'Wars, Guns, and Votes', and 'The Plundered Planet'. Collier's writing is characterized by its analytical depth, clarity, and commitment to addressing complex social issues. His research focuses on the challenges faced by impoverished nations and the policies necessary for sustainable economic growth. As a professor of economics and public policy at the Blavatnik School of Government at the University of Oxford, Collier continues to contribute to important discussions on economic policy and international development.
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