'The global financial crisis of 2007 to 2009 ruined businesses and banks,
individuals and even nations, and seemed to land a mortal blow to the capitalist system.
But capitalism has not been destroyed, rather it has been irrevocably altered: the forces
that precipitated the crisis are now contributing to the evolution of a new, stronger
version of the capitalist model.
Tracing the development of capitalism from the late eighteenth century through
three distinct historical phases, Kaletsky shows how at each of these transitions the
existing economic order appeared to be fatally threatened, only for capitalism to reinvent
itself and emerge stronger than before. The turning point for our most recent age of
capitalism came on 15 September 2008 when Lehman Brothers collapsed, setting off market
chaos which, had it not been for government bailouts and guarantees, would have toppled
every bank in the Western world, an incident which set off the fourth major systemic
transformation in capitalism's history' - "Capitalism 4.0". Understanding
Capitalism 4.0 will be critical to the continued recovery of our global economies. In this
controversial and wide-ranging book,
Anatole Kaletsky, one of the world's foremost economic commentator, puts
recent financial events into historical and ideological perspective. He describes the
emerging features of this new capitalist model, explains how it differs from the previous
versions - and how it will change politics, finance, international relations and economic
thinking in the next decade.
416 pages, Hardcover