The author argues that with the collapse of communism, world leaders must now answer the question about the kind of capitalism that is going to replace bankrupt economies. This book highlights the success of a mixed economy that combines a free market with state responsibility for infrastructure.

Bill Gates's Five Books for Summer Reading 2019 From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it. Deep new rifts are tearing apart the fabric of the United States and other Western societies: thriving cities versus rural counties, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.

Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- Preface -- 1. From Semifeudal Russia through Soviet ""Real Socialism"" to the CIS and Real Capitalism -- 2. The Collapse of Communism and the Uncertain Future of Post-Communism -- 3. Developments in the Non-Russian Republics -- 4. The Velvet Revolution and the Thorny Path Thereafter -- 5. Prospects: Which Reform Country Has the Best Chances to Effect a Change in System? -- 6. Soviet Communism Is Dead: In China It Survives with ""Chinese Features""--Epilogue -- Appendix -- Notes -- Index

Distinguished left theorists, analysts, and social critics (including Eric Hobsbawm, Jurgen Habermas, Eduardo Galeano, Ralph Miliband, Giovanni Arrighi, Fredric Jameson, Fred Halliday, Edward Thompson, and Alexander Cockburn) explain the meaning of Communism's meteoric trajectory and explore the grounds for continued socialist endeavor and commitment. Annotation copyrighted by Book News, Inc., Portland, OR

The collapse of communism was one of the most defining moments of the twentieth century. This Very Short Introduction examines the history behind the political, economic, and social structures of communism as an ideology.

In Does Capitalism Have a Future?, a global quintet of distinguished scholars cut their way through to the question of whether our capitalist system can survive in the medium run. Despite the current gloom, conventional wisdom still assumes that there is no real alternative to capitalism. The authors argue that this generalization is a mistaken outgrowth of the optimistic nineteenth-century claim that human history ascends through stages to an enlightened equilibrium of liberal capitalism. All major historical systems have broken down in the end, and in the modern epoch several cataclysmic events-notably the French revolution, World War I, and the collapse of the Soviet bloc-came to pass when contemporary political elites failed to calculate the consequences of the processes they presumed to govern. At present, none of our governing elites and very few intellectuals can fathom a systemic collapse in the coming decades. While the book's contributors arrive at different conclusions, they are in constant dialogue with one another, and they construct a relatively seamless-if open-ended-whole. Written by five of world's most respected scholars of global historical trends, this ambitious book asks the most important of questions: are we on the cusp of a radical world historical shift?