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Capitalism vs. Capitalism: How America's Obsession with Individual Achievement and Short-Term Profit Has Led It to the Brink of Collapse » (1st Edition)

Book cover image of Capitalism vs. Capitalism: How America's Obsession with Individual Achievement and Short-Term Profit Has Led It to the Brink of Collapse by Michael Albert

Authors: Michael Albert, Paul Haviland, Paul Haviland (Translator), Michel Albert
ISBN-13: 9781568580050, ISBN-10: 1568580053
Format: Paperback
Publisher: Basic Books
Date Published: November 1993
Edition: 1st Edition

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Author Biography: Michael Albert

Book Synopsis

The author believes two approaches are currently used in defining the economic policy of a nation: a Rhine model which emphasizes collective achievement and public consensus, and a supply-side model based on individual achievement and short-term profits. Favoring the Rhine approach, he urges the adoption of specific policy changes by the US and other governments, which he believes will lead to a more balanced economy and society.

Library Journal

In the new world order, where capitalism reigns supreme, who will reign over capitalism: the United States? Germany? Japan? French businessman Albert identifies two variants of capitalism now at odds with each other. The Anglo-American model is characterized by individual gain and laissez-faire government. The Rhine model (followed by Germany and, in some respects, Japan) is a kinder, gentler capitalism in which long-term success of the entire society is paramount. Originally published in France in 1991, this book cannot take into account recent shake-ups in each system, but Albert's case is still significant. This topic will be debated in academia and industry into the next century. Recommended for business collections.-- Kris Swank, American Graduate Sch. of International Management Lib., Glendale, Ariz.

Table of Contents

Preface to the American Edition
Foreword
Ch. 1Introduction1
Ch. 2America is back20
Ch. 3America backwards39
Ch. 4Fame and finance62
Ch. 5Insurance: a study in contrasts84
Ch. 6The other capitalism99
Ch. 7The economic superiors of the Rhine model127
Ch. 8The social superiority of the Rhine model147
Ch. 9The Rhine model in retreat169
Ch. 10The American hare versus the Rhine tortoise191
Ch. 11The second German lesson211
Ch. 12France at the crossroads of Europe230
Ch. 12Conclusion250

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