| "They call it the free market, but that is shorthand for much more than the freedom to buy and sell. What they celebrate, preach, and demand is private enterprise liberated from government regulation, unchecked by effective trade unions, unfettered by sentimental concerns over the fate of employees or communities, unrestrained by customs barriers or investment restrictions, and molested as little as possible by taxation. What they insistently demand is the privatization of state-owned businesses of all kind and the conversion of public institutions from universities and botanical gardens to prisons, from libraries and schools to old-age homes into private enterprises run for profit. What they promise is more dynamic economy that will generate new wealth--while saying nothing about the distribution of any wealth, old or new. They call it the free market, but I call it turbo-capitalism because it is so profoundly different from the strictly controlled capitalism that flourished from 1945 until the 1980s, and that brought the sensational novelty of mass affluence to the peoples of the United States, Western Europe, Japan, and all other countries that followed their paths." -- Edward Luttwak |
| Acknowledgements Preface 1 WINNERS AND LOSERS Turbo-capitalism conquers the world Two cheers for nasty lawyers Two more cheers for greedy lawyers Why American winners have no fun Why American losers accept their fate The perils of incomplete imitation 2 WHAT IS TURBO-CAPITALISM? Controlled capitalism The retreat of the state From tradition to contracts The victory of the computer Adaptation…and frustration Money and love 3 GLORIES AND DOWNFALLS OF THE GLOBAL ECONOMY Booming sales,insecure jobs 'Out-sourcing'-all the way to China Betting the company The new prohibitionism Intolerant justice,unjust tolerance 4 THE MICROSOFT MIRAGE Titans new and old Much capital,few jobs The return of the servants 5 THE RETURN OF POVERTY Underclass myths Why wages fall The rational criminal 6 THE ERA OF UNEMPLOYMENT The world demand /technology cycle Growth without jobs How to eliminate unemployment in five easy steps:a French parable Japan :full employmetns as the national goal 7 THE THEORY AND PRACTICE OF GEO-ECONOMICS …… 8 THE INDUSTRIAL POLICY DEBATE 9 TURBO-CAPITALISM COMES TO RUSSIA 10 FREE TRADE AS IDEOLOGY 11 MONEY AS RELIGION 12 SHOPPING AS THERAPY 13 THE GREAT DILEMMA Appendix THE GLOBAL ADVANCE OF TURBO-CAPITALISM Index |
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