Capitalism 4.0 by Anatole Kaletsky
Anatole Kaletsky is an editor at large for the Times of London and among others was a business writer for the Economist Magazine. He is active in research on the subject of "Efficient Markets".
Mr. Kaletsky presents the evolution of capitalism as being in 4 major phases ...ergo Capitalism 4.0 .
Capitalism 1.0 From Adam Smith to President Hoover
Capitalism 2.0 From Roosevelt to Keynes, Nixon and Carter
Capitalism 3.0 From Thatcher, Reagan, Friedman, Greenspan and President Bush.
Capitalism 4.0 From Henry Paulson to the present
Since the financial crisis of 2007-2009, Kaletsky has observed capitalism's tendency toward self preservation through political change and actual changes in behavior of the financial markets.
He contrasts the American style of capitalism with the Chinese style state capitalism. I found the writer very readable,well researched and thought out. His book does a very convincing job of explaining how capitalism will be very different in the years ahead because of the lessons we all learned during these last three years.
I never thought of dividing capitalism into phases similar to what Internet gurus do with the Web (web 1.0, Web 2.0, etc.). Sounds like an interesting author that I may have to pick up (after I make a little further headway on my president's project).
ReplyDelete