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

Capitalism Vs. Capitalism: How America's Obsession with Individual Achievement and Short-term Profit Has Led It to the Brink of Collapse

By Michel Albert

"A distinguished and highly literate French businessman, scholar, and economist gives his view of the European, and notably, the American present and prospect. Do not miss it." -John Kenneth Galbraith

ISBN: 1-56858-005-3

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.