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kevin_shepherd 's review for:
Capitalism for Beginners
by Robert Lekachman
A nice 1980's romp through the labyrinth of capitalist theory, history and terminology, with some frightfully accurate predictions for the now-present future. Robert Lekachman was well ahead of his time.
"...the argument that competition, even where it is to be found, must enhance the public good is deflated by the ever-increasing environmental damage inflicted by externalities. As scientists learn more about their effects, the materials and processes of advanced industrialism loom more and more menacing to public health and worker life and safety." (pg. 170)
"It may well occur that growing worker disaffection and increasing social tension will frighten dominant corporate and financial interests into an authoritarian response. It is easy to believe that business leaders, always far more attached to their own power and influence than to mass forms of democracy, will, under stress, jettison civil liberties..." (pg. 173)
And finally: "Average citizens can no longer afford the luxury of abstaining from politics or treating contests for office as spectator sports. The self-interest of those who live by their labor requires replacement of capitalism by democratic socialism." (pg. 173)
"...the argument that competition, even where it is to be found, must enhance the public good is deflated by the ever-increasing environmental damage inflicted by externalities. As scientists learn more about their effects, the materials and processes of advanced industrialism loom more and more menacing to public health and worker life and safety." (pg. 170)
"It may well occur that growing worker disaffection and increasing social tension will frighten dominant corporate and financial interests into an authoritarian response. It is easy to believe that business leaders, always far more attached to their own power and influence than to mass forms of democracy, will, under stress, jettison civil liberties..." (pg. 173)
And finally: "Average citizens can no longer afford the luxury of abstaining from politics or treating contests for office as spectator sports. The self-interest of those who live by their labor requires replacement of capitalism by democratic socialism." (pg. 173)