THE FUTURE OF CAPITALISM

A former dean of economics at MIT, Thurow describes the world economy as being in a state of 'punctuated equilibrium' in which capitalism must change radically. Social injustice increases with worldwide downsizing and the social volcanoes of fundamentalism and ethnic separatism that arise from poverty. Discusses these issues and the influences of the electronic media in maximising consumerism in the Western world with its long-term deleterious effcts. Includes an index. Australian issue of an American text.