TITLE

Is Capitalism Still Viable?

AUTHOR(S)
Harrington, Michael
PUB. DATE
November 1982
SOURCE
Journal of Business Ethics;Nov82, Vol. 1 Issue 4, p281
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This essay is an attempt to show that American capitalism is not viable in the long run, in the twenty-first century. Three points are elucidated in this discussion: (1) capitalism is a system of private socialization; as such, it tends to conflict with the private mode of allocation and to create crisis. It is, moreover, out of date, for it cannot, for example, cope with new phenomenon of inflation and unemployment. (2) Private executives do not empirically make the wisest decisions. (3) In fact, most businessmen do not want the government out of the economy; on the contrary, they want the government in the economy, on their side.
ACCESSION #
7914572

 

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