Capitalism vs. Capitalism
By MICHEL ALBERT (4Walls 8Windows, 1993)
Which Paradigm of Capitalism for the Global Economy..??
Very relevant to restructuring of the Global financial architecture and regulatory framework debate that will be driving the discussions at the upcoming G-20 Summit. I first read this back in the early 90’s but it has seen a revival in the context of current global economic crisis. It examines the two prevailing economic models of global capitalism — the Rhine model (think Germany/France & Japan) and the Laissez Faire, or ‘Anglo-Saxon’ model — and which framework is best suited for 21st century global market and economic realities.
See Reference: Foreign Affairs article by Robert Heilbroner.