Gilbert has written the book we all wish we could write. It offers a very concise description of the world's economic, environmental, social, and governmental problems, but more importantly, it tells us what we can do about them now, before it is too late. The book is jam-packed with interesting data, much of which is from China the new epicenter of toxic capitalism. Although it can be used as a great reference, it is not merely an academic tome. It has an armchair feel and is a terrifi c read. Bravo! Frank T. Gallo, Ph.D., Chief Leadership Consultant, Aon Hewitt Greater China, and the author of Business Leadership in China
The West is causing depletion of natural resources and environmental destruction with the help of questionable companies, financial institutions and governments. Today, all eyes are on China and its hazardous environment. Toxic Capitalism, a succinct volume jam-packed with informative but scary data, shows how to fight overconsumption and wastage. Yes, there is a solution. Only complaining will not guarantee the well-being of future generations. What you will discover and learn in the book: The reality of Global Warming How financial institutions and companies fail in their job How governments fail in their duty, vested interests at work How income inequality affects society The role of corruption How inadequate job markets impede better consumption Details on water pollution & scarcity, focus on China What China is doing to combat pollution, to improve the energy mix and promote renewables How China roams the world to buy up and import the much needed resources, including food How much and why we waste (including food and medicine) Air pollution, soil pollution, impact on health Everyday examples of waste, focus on China How we can enforce quality and durability How we can do our part to safeguard the future for our children
Originally published in 1998. While there is a growing academic literature on corporate crime, much of this focuses upon variants of economic or financial crimes; there is a relative absence of studies of safety, health and/or environmental crimes. This is curious given that recent years have witnessed a resurgence in popular, academic and indeed state attention to questions related to environmental degradation and human safety. Certainly in the latter context there is some recognition that environmental degradation must be understood partly in terms of environmental crimes by corporations. Moreover, recent experience in both the US and the UK attests to the fact that there is no ineluctable trend towards safer and healthier workplaces, as deregulatory movements have resulted in increased risks for most workers and, this text argues, an increased opportunity for, and incidence of, safety crimes. At the centre of environmental, safety and health isses lie the chemicals industries. These industries are of strategic importance to national economies, while also having almost unique hazard and risk potential and it is for these reasons that these are the focus of this text. Any understanding of the nature of these types of corporate crimes, and thus any recognition of the potential for their more effective regulation, requires an analysis that is grounded in more general sociological concerns and in political economy. For this reason, this text emphasises the need for understandings of the nature of contemporary and emergent forms of corporate organisation, of their place in contemporary economies, and of the relationships between these forms and state formations.
In Science, no-one believes the earth is flat any more. Economists, on the other hand, haven't budged from their original worldview. Market Capitalism depends on seven big ideas: competition, the 'invisible hand', utility, agency theory, pricing, shareholder value, and limited liability. These served the world well in the past, but over the years they have become cancerous, and are slowly killing the system as a whole. Eve Poole argues that if you zoom in on any of these firm foundations, they start to blur and wobble. Here she offers alternative views for a healthier system. And looking at them together, it becomes clear why we're so stuck. The capitalist system masquerades as a machine programmed by experts, with only Economists and Governments qualified to tinker with it. But the market is just a mass of messages about supply and demand. The rich world shapes the market in its image, because it has more 'votes'. So if we want to change the way things are, we don't need to wait for the experts, we can start now. In each chapter, Poole shows how quiet action by consumers, investors, employees and employers can make big changes, by shifting behaviours and adjusting the way financial 'votes' are cast in the market.
Poker is a centuries-old American game. Why has it become so popular in the twenty-first century? What does current interest in the game tell us about ourselves and some of our most pressing social issues? In this timely and thought-provoking book, Andrew Manno offers important insights into the intersection of gaming, gender, and capitalism that illuminate how the shift to a casino capitalist economy—combined with a culture of toxic masculinity—impacts workers and how it has led to the rise of populism in the United States that manifested in the 2016 election of Donald Trump.
New York Times Bestseller New York Times reporter and “Corner Office” columnist David Gelles reveals legendary GE CEO Jack Welch to be the root of all that’s wrong with capitalism today and offers advice on how we might right those wrongs. In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed with presidents, mingled with movie stars, and was idolized for growing GE into the most valuable company in the world. But Welch’s achievements didn’t stem from some greater intelligence or business prowess. Rather, they were the result of a sustained effort to push GE’s stock price ever higher, often at the expense of workers, consumers, and innovation. In this captivating, revelatory book, David Gelles argues that Welch single-handedly ushered in a new, cutthroat era of American capitalism that continues to this day. Gelles chronicles Welch’s campaign to vaporize hundreds of thousands of jobs in a bid to boost profits, eviscerating the country’s manufacturing base and destabilizing the middle class. Welch’s obsession with downsizing—he eliminated 10% of employees every year—fundamentally altered GE and inspired generations of imitators who have employed his strategies at other companies around the globe. In his day, Welch was corporate America’s leading proponent of mergers and acquisitions, using deals to gobble up competitors and giving rise to an economy that is more concentrated and less dynamic. And Welch pioneered the dark arts of “financialization,” transforming GE from an admired industrial manufacturer into what was effectively an unregulated bank. The finance business was hugely profitable in the short term and helped Welch keep GE’s stock price ticking up. But ultimately, financialization undermined GE and dozens of other Fortune 500 companies. Gelles shows how Welch’s celebrated emphasis on increasing shareholder value by any means necessary (layoffs, outsourcing, offshoring, acquisitions, and buybacks, to name but a few tactics) became the norm in American business generally. He demonstrates how that approach has led to the greatest socioeconomic inequality since the Great Depression and harmed many of the very companies that have embraced it. And he shows how a generation of Welch acolytes radically transformed companies like Boeing, Home Depot, Kraft Heinz, and more. Finally, Gelles chronicles the change that is now afoot in corporate America, highlighting companies and leaders who have abandoned Welchism and are proving that it is still possible to excel in the business world without destroying livelihoods, gutting communities, and spurning regulation.
This book delves into the corporate takeover of public morality, or ‘woke capitalism’. Discussing the political causes that it has adopted, and the social causes that it has not, it argues that this extension of capitalism has negative implications for democracy’s future.
In Science, no-one believes the earth is flat any more. Economists, on the other hand, haven't budged from their original worldview. Market Capitalism depends on seven big ideas: competition, the 'invisible hand', utility, agency theory, pricing, shareholder value, and limited liability. These served the world well in the past, but over the years they have become cancerous, and are slowly killing the system as a whole. Eve Poole argues that if you zoom in on any of these firm foundations, they start to blur and wobble. Here she offers alternative views for a healthier system. And looking at them together, it becomes clear why we're so stuck. The capitalist system masquerades as a machine programmed by experts, with only Economists and Governments qualified to tinker with it. But the market is just a mass of messages about supply and demand. The rich world shapes the market in its image, because it has more 'votes'. So if we want to change the way things are, we don't need to wait for the experts, we can start now. In each chapter, Poole shows how quiet action by consumers, investors, employees and employers can make big changes, by shifting behaviours and adjusting the way financial 'votes' are cast in the market.
