"Turbo-Capitalism"

Paper Summary:

This paper shows that, Edward Luttwak, writing as an established conservative thinker and analyst, has made a substantial critique of contemporary economics in his book, "Turbo Capitalism: Winners and Losers in the Global Economy". The paper discusses how Luttwak, in his book, is concerned by the adverse social impact of a "supercharged" form of global capitalism that emerged in the 1990s. He also articulates a form of social conservatism that restores economics to its proper relationship with the social and environmental spheres.

From the Paper:

"Luttwak argues that in the past there were forces that existed to keep the market connected to the social good. The post-World War Two mixed economy of the nation state, for example, helped maintain this balance between the social and material good. Government was a source of restraint and control. The limits of technology naturally slowed the rate of change. National boundaries tended to ground industries in particular communities and locales. Such restraining factors are increasingly disappearing. Adherents of unfettered Capitalism argue for even less government, more technology and mobility, and the further eradication of national boundaries."

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