Capital Redefined Audiobook - Episode 2 - Preface
Channel: Common Alternatives
Date: 2023-12-22

The current era is characterized by the pervasive dominance of capital, with its presence and power extending to every aspect of social life. The influence of capital has reached unprecedented heights, presenting a potentially perilous situation. It is well-known that capital controls economic activity, with corporations and affluent individuals wielding vast pecuniary resources and having enormous sway over financial markets, business decisions, and government policies. The insatiable greed and profit-seeking of corporations have resulted in an alarming concentration of wealth and power, leading to staggering levels of inequality and detrimental effects on health, education, and social mobility. Additionally, the all-encompassing grip of capitalism has inflicted severe ecological devastation, with carbon emissions, pollution, and biodiversity loss irreparably damaging the cycles of life and causing ecosystems to collapse (Panayotakis et al., 2021; Desai, 2023). All of this is occurring amid intensifying global economic competition and geopolitical tensions between established and emerging poles within the world capitalist system. ...


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