Limits to Capitalist Development

Emmanuel D. Farjoun*, Moshé Machover, David Zachariah

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

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 languageEnglish
Title of host publicationNew Economic Windows
PublisherSpringer-Verlag Italia s.r.l.
Pages105-110
Number of pages6
DOIs
StatePublished - 2022

Publication series

NameNew Economic Windows
ISSN (Print)2039-411X
ISSN (Electronic)2039-4128

Bibliographical note

Publisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.

Fingerprint

Dive into the research topics of 'Limits to Capitalist Development'. Together they form a unique fingerprint.

Cite this