One might think that a crisis brought on by rapacious, unregulated capitalism would have changed a few minds about the fundamental nature of the global economy. One would be wrong. True, there is no lack of anti-capitalist sentiment in the world today, particularly as a crisis brought on by the system's worst excesses continues to ravage the global economy. If anything, people are witnessing an overload of critiques of the horrors of capitalism. Yet no matter how grievous the abuse or how indicative of a larger, more systemic failure, there's a limit to how far these critiques go. Faced with today's explosion of capitalism in China, analysts often ask when political democracy as the "natural" political accompaniment of capitalism will enforce itself. The main victim of the ongoing crisis is thus not capitalism, which appears to be evolving into an even more pervasive and pernicious form, but democracy -- not to mention the left, whose inability to offer a viable global alternative has again been rendered visible to all. Adapted from the source document.
The systemic anticulture of capitalism / Russell Hardin -- Tocqueville and the spirit of American capitalism / Richard Swedberg -- Income inequality and the Protestant ethic / Robert H. Frank -- On politicized capitalism / Victor Nee and Sonja Opper -- Law, economy, and globalization : Max Weber and how international financial institutions understand law / Bruce G. Carruthers and Terence C. Halliday -- The social construction of corruption / Mark Granovetter -- The role of spiritual capital in economic behavior / Barnaby Marsh -- Political economy and religion in the spirit of Max Weber / Robert J. Barro and Rachel M. McCleary -- Beyond Weber / Michael Novak -- The collective dynamics of belief / Duncan J. Watts -- Analytical individualism and the explanation of macrosocial change / Ronald Jepperson and John W. Meyer -- Bootstrapping development : rethinking the role of public intervention in promoting growth / Charles F. Sabel
A decade ago, German & Japanese capitalisms were widely held superior in economic performance & closely resembled the US & the UK. Now, the stock market-based, deregulated US/UK model has the upper hand in market competition. Will it force all other societies to conform to its rules? Ronald Dore doubts it. Adapted from the source document.