Capitalism’s Inherent Paradox in Relation to International Development

Robert Kowalski

Research output: Contribution to journalArticle

Abstract

The article questions whether free market capitalism can provide a basis for human
prosperity. It argues that the two fundamental contradictions of the current formulation of
capitalism generate an inherently paradoxical system that is bound to encounter ever more
damaging crises. The determination of plutocrats to suppress any serious consideration of these
weaknesses is indicative of the presence of a double bind which precludes the establishment
of a more viable basis for human interactions and development. Finally, responses are briefly
suggested that are incremental rather than revolutionary.
Original languageEnglish
Pages (from-to)30-42
Number of pages13
JournalWorld Review of Political Economy
Volume3
Issue number1
Publication statusPublished - 2012
Externally publishedYes

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capitalist society
market
interaction

Keywords

  • first contradiction
  • crises
  • Marx
  • paradox
  • Ponzi

Cite this

Capitalism’s Inherent Paradox in Relation to International Development. / Kowalski, Robert .

In: World Review of Political Economy, Vol. 3, No. 1, 2012, p. 30-42.

Research output: Contribution to journalArticle

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