The Future of Capitalism: Facing the New Anxieties

The Future of Capitalism: Facing the New Anxieties

Bill Gates's Five Books for Summer Reading 2019

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.

Title:The Future of Capitalism: Facing the New Anxieties
Edition Language:English
ISBN:9780062748669

    The Future of Capitalism: Facing the New Anxieties Reviews

  • Bill Gates

    I’m a big fan of Paul Collier. A highly respected Oxford economist (and a knight!), he has spent his career trying to understand and alleviate global poverty. His book The Bottom Billion is still on...

  • Justus

    I found this to be a pretty terrible book. It has the kernel of some good -- or at least interesting -- ideas but it does such a poor job of putting forward arguments in favor of its suggestions that ...

  • Dax

    Collier's pragmatic approach to social and economic issues facing western capitalism today is a refreshing read. This book focuses on how to renew our sense of reciprocal obligation towards one anothe...

  • Marks54

    This is a wonderful book, even better than I expected. The author is a respected and well published Oxford economist. The intent of the book is to provide a thoughtful overview of the problems facing ...

  • Mehrsa

    Collier makes some excellent books in here, but the idea needed some time to mature and become clear. The book offers a hodgepodge of problems and a few hodgepodge solutions. Problems go from feminism...

  • Dan Graser

    What Oxford professor Paul Collier has written here is not only a very involved work of economics but also a deeply felt expression of ethics surrounding the current socio-political climate and how th...

  • D.  St. Germain

    In The Future of Capitalism, Paul Collier, a development economist most known for his work The Bottom Billion, tackles the rise of poverty and the "grim rifts" that have begun to define the politics o...

  • Michael Duncan

    Overall, I’d recommend this as a necessary view from an economist on the deeper reasons why some Western first-world societies are experiencing shifts toward nativism and populism, and what is causi...

  • Daniel

    Collier is an Economics Professor at Oxford. He pointed out that the current problems of capitalism stem from assuming the existence of the unreal Economic Man and promotes Utilitarianism. As a result...

  • Kursad Albayraktaroglu

    Too academic, dense and basically has nothing to do with its title or the subjects listed in the blurb. I was expecting a cogent analysis of the current state of capitalism and the way forward. What I...