Examines the concept of turbo-capitalism and the need to restrain the free market economy, using Edward Luttwak's work as a reference.
Written in 2002; 1,400 words; 6 sources; $ 53.95
Paper Summary:
Writing as an established conservative thinker and analyst, Edward Luttwak has made a substantial critique of contemporary economics in his book, "Turbo Capitalism: Winners and Losers in the Global Economy". Luttwak agrees that the shift within "free-enterprise Capitalism" to what he calls "turbo-Capitalism" is only a matter of degree, but he also argues that this shift has been sufficient to create an ongoing dynamic of structural change that is destroying lives, families, firms, entire industries, communities, and even nations. Luttwak is concerned by the adverse social impact of a "supercharged" form of global capitalism that emerged in the 1990s. He articulates a form of social conservatism that restores economics to its proper relationship with the social and environmental spheres.
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