Hello. This will be the new home for over 800 book reviews that I have written between 1997 and the end of 2010. They used to be found at http://www.deadtreesreview.com/, but that site will be discontinued.

My newer reviews will be found at http://www.deadtreesreview.blogspot.com/.








Monday, May 21, 2012

Capitalism vs. Capitalism

Capitalism vs Capitalism: How America's Obsession With Individual Achievement and Short-Term Profit Has Led It To The Brink of Collapse, Michel Albert, Four Walls Eight Windows Press, 1993

The subtitle gives the main idea behind this book. Albert,a high-level French businessman, looked at post-Reagan America and found huge deficits, high unemployment, a banking system that can best be described as very ill, a country where the focus is on individual achievement and where long-term business planning is next quarter. Albert then looked at Europe (minus England) and Japan and found societies much more focused on group achievement and collective consensus. In these countries, there is more emphasis on making use of all members of society, whether or not they go to college, and of making sure no one gets left behind.

A person would think that the European "Rhine model" system would be on the rise and the American "supply side" system would be less popular around the world. Just the opposite is true.

One doesn't have to be an economist to "get" this book. It's very easy to read and is another voice saying that supply side economics is not necessarily all its cracked up to be.

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