Publisher's Synopsis
Fully colored, expanded, and revised, large format textbook edition based on "Beyond the State and Politics. Capitalism for the New Millennium" (first edition April 2018). The present new edition of July 2018 contains an additional chapter on International Trade and Finance and includes a timeline of the economic crises and political transformation since 1913.This book shows why the traditional economic and social policies have not worked and why they will even less so function in the future. As the author explains, the answer is not more of the old, but that we must eliminate politics and the state. We must do away with the conventional economic and social policies. Not more welfare state and government intervention are the answer but less state and more free capitalism.The new technologies contain the solution of the problems they present. While technological progress destroys occupations, innovations make the economy more productive. Not full employment is the key to the future but higher productivity.The new technologies will make the present political apparatus obsolete. When the functions of government are privatized, the financial burden of taxes and contributions falls from the shoulders of the population. Productivity rises and the cost-of-living falls. The urgency of having a permanent position recedes. Minimizing and doing away with the state is a necessity - not only because of the material well-being but also because the modern technology would put terrific instruments of control into the hands of the government. With the new devices of supervision and domination, a modern totalitarian state would supersede the horrors of the past terror regimes. "Capitalism Beyond the State and Politics" highlights in the first parts the need for a political and economic order beyond the current system of state capitalism, political party politics, and government intervention. The author explains how a free capitalism works and how wealth creation happens. The book exposes the wealth destruction through socialism, interventionism, and economic policies. The final part discusses the structure of an anarcho-capitalist order and details the selection of the legislative body and its functions by sortition (demarchy).Essential reading for understanding the choice between state socialism and anarcho-capitalism that the world confronts in the face of the crumbling social-democratic (liberal) state capitalism.
