The Worthy House (Charles Haywood) cover image

The Managerial Revolution: What is Happening in the World (James Burnham)

The Worthy House (Charles Haywood)

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Capitalism Is Dying

Under capitalism, there is no central, conscious regulation of economy as a whole. Nation states fed by global trade are characteristic of capitalism. The belief pattern or ideology that underpins capitalism celebrates individualism and thus private initiative. Democracy, in this analysis, is an irrelevant distraction.

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