Abstract
The global distributions of productive capacities and of employment opportunities are highly uneven. Both factors keep changing as a result of the law of decreasing labor content (ldlc) and lead to shifting structures of the global capitalist economy. Building on the results from previous chapters, this chapter highlights these shifts, which we argue raise the obstacles to improving human well-being for an increasing share of the world population: Degradation of working conditions; widespread misery and despair; deteriorating social services and infrastructure; and environmental damage. We show here why the narrowing limits of development are inseparable from the institutions of capitalist market economies. We conclude that alternative development paths that can improve human well-being will require a different configuration of political economy.
Original language | English |
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Title of host publication | New Economic Windows |
Publisher | Springer-Verlag Italia s.r.l. |
Pages | 105-110 |
Number of pages | 6 |
DOIs | |
State | Published - 2022 |
Publication series
Name | New Economic Windows |
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ISSN (Print) | 2039-411X |
ISSN (Electronic) | 2039-4128 |
Bibliographical note
Publisher Copyright:© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.