Cover image for Global capitalism
Global capitalism
Hutton, Will, 1950-
Publication Information:
New York : New Press : Distributed by W.W. Norton, 2000.
Physical Description:
xi, 241 pages ; 25 cm
General Note:
Originally published: On the edge : living with global capitalism. London : Jonathan Cape. 2000.
In conversation / Anthony Giddens and Will Hutton -- Information technology and global capitalism / Manuel Castells -- The sea of global finance / Paul A. Volcker -- The new global financial architecture / George Soros -- Inequality and the global economy / Jeff Faux and Larry Mishel -- The world on the edge / Vandana Shiva -- Global care chains and emotional surplus value / Arlie Russell Hochschild -- The role of governments in the global economy / Robert Kuttner -- Living your own life in a runaway world : individualisation, globalisation and politics / Ulrich Beck -- Street and office : two sources of identity / Richard Sennett -- Who's afraid of global culture? / Polly Toynbee -- Fighting back / Anthony Giddens and Will Hutton .
Added Uniform Title:
On the edge.
Format :


Call Number
Material Type
Home Location
Item Holds
HB501 .G549 2000 Adult Non-Fiction Central Closed Stacks

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This "glorious and frightening read" (MT Magazine) examines capitalism's place as the universal social and economic order of our time. Now truly global, twenty-first century capitalism -- aided by extraordinary advances in technology and communication and by unfettered global financial markets -- has a speed, inevitability, and force that it has not had before. In Global Capitalism, now available in paperback, leading political and economic analysts have gathered to dissect this dangerous new world.

Hailed as a "must read" by Internet Business London, Global Capitalism analyzes the current role of the business firm, considers whether the new capitalism is compatible with social cohesion and social justice, and addresses topics ranging from the degradation of the environment to the concentrated control of the media by transnational corporations. The contributors discuss capitalism as a form of culture and way of life, and ask whether it has any viable political rivals.

Reviews 3

Booklist Review

Published earlier this year in Britain under the title On the Edge, this collection of essays about the possibilities and risks of globalization quickly became part of the political debate over Prime Minister Tony Blair's so-called Third Way policies. Giddens is a sociologist and the director of the London School of Economics. He is the architect of Blair's political philosophy, which attempts to blend free-market economics with socially progressive ideals. Hutton has edited the Observer and directs the Industrial Society, Britain's largest training organization. Together they edited this eclectic assortment of viewpoints, which begins with an extended "conversation" between the two about the benefits and perils of the global economy. Included among the 11 other contributors are financier George Soros and former Fed chairman Paul Volcker. They suggest that the Asian financial crisis resulted from the destabilizing effects of global financial markets, not from weak national economies. Others consider "info-capitalism," job security, income inequality, environmental issues, the changing role of women, and transnational media. ^-David Rouse

Publisher's Weekly Review

Compiled in the aftermath of December 1999Äwhen Seattle protesters surprised the world with a show of antiglobalization activismÄthis book displays the diversity of ideas driving a growing movement. Edited by London School of Economics director Giddens (Runaway World, Forecasts, March 27) and Hutton (The State We're In), this volumeÄfor better and for worseÄlacks a coherent organizing principle as it deals with the effects, both financial and cultural, of globalization. Contributors range from those who primarily oppose globalism to those who are against the very idea of capitalism per se. Most, however, wish to agitate for narrower intellectual and activist goals in this era of multinational corporate power. Essayists (most of whom, like Richard Sennett, Arlie Hochschild and Vandana Shiva, are well known) treat a range of international policy issues: the rise of information technology; the persistence of economic inequality and environmental abuses; women's rights; and individual psychology (e.g., Sennett deals with the dislocation of identity that results from a global culture). Professional capitalists Paul Volcker and George Soros rehearse their critiques of the IMF and assess the lasting effects of the Third World financial crises of 1997 and 1998; Guardian columnist Polly Toynbee delivers, in what is easily the most readable essay here, a critique of "cultural panic," the fear of the globalization of culture ("Sometimes it seems as if a tidal wave of the worst Western culture is creeping across the globe like a giant strawberry milkshake"). Other essays are aimed primarily at policy wonks. On the whole, the book is readable and well researched. Though it doesn't break a lot of new ground, it does provide an intermediate-level survey of the range of leftist ideas circulating these days in response to global capitalism. (Aug.) (c) Copyright PWxyz, LLC. All rights reserved

Library Journal Review

The 12 essays in this collection (previously published in the United Kingdom as On the Edge) confirm that capitalism has become the dominant world economic system and that indigenous local cultures have been largely Americanized. The contributors are either economists or sociologists, the most notable being Paul Volcker, former U.S. Federal Reserve chair, and prominent international financier George Soros. Each essay takes on a particular social or financial aspect of capitalism's globalization. A particularly interesting piece by Arlie Russell Hochschild (sociology, Univ. of California) looks at the social consequences of the migration of childcare providers from poorer to richer countries. Although editors Hutton (The State We're In) and Giddens (London Sch. of Economics) have put together a generally well-written and accessible collection, the narrow focus makes it most suitable for specialists and graduate students. Recommended for academic libraries with graduate programs in international sociology and economics.DLawrence R. Maxted, Gannon Univ., Erie, PA (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

Table of Contents

Anthony Giddens and Will HuttonManuel CastellsPaul A. VolckerGeorge SorosJeff Faux and Larry MishelVandana ShivaArlie Russell HochschildRobert KuttnerUlrich BeckRichard SennettPolly ToynbeeAnthony Giddens and Will Hutton
Prefacep. vii
In Conversationp. 1
Information Technology and Global Capitalismp. 52
The Sea of Global Financep. 75
The New Global Financial Architecturep. 86
Inequality and the Global Economyp. 93
The World on the Edgep. 112
Global Care Chains and Emotional Surplus Valuep. 130
The Role of Governments in the Global Economyp. 147
Living Your Own Life in a Runaway World: Individualisation, Globalisation and Politicsp. 164
Street and Office: Two Sources of Identityp. 175
Who's Afraid of Global Culture?p. 191
Fighting Backp. 213
Notes on Contributorsp. 225
Indexp. 227