In early 2009, many economists, financiers, and media pundits
were confidently predicting the end of the American-led capitalism
that has shaped history and economics for the past 100 years. Yet
the U.S. economic model, far from being discredited, may be
strengthened by the financial crisis. In this provocative book,
Anatole Kaletsky re-interprets the financial crisis as part of an
evolutionary process inherent to the nature of democratic
capitalism. Capitalism, he argues, is resilient. Its first form,
Capitalism 1.0, was the classical laissez-faire capitalism that
lasted from 1776 until 1930. NeYest was Capitalism 2.0, New Deal
Keynesian social capitalism created in the 1930s and eYestinguished
in the 1970s. Its last mutation, Reagan-Thatcher market
fundamentalism, culminated in the financially-dominated
globalization of the past decade and triggered the recession of
2009-10. The self-destruction of Capitalism 3.0 leaves the field
open for the neYest phase of capitalism''s evolution. Capitalism is
likely to transform in the coming decades into something different
both from the totally deregulated market fundamentalism of
ReaganThatcher and from the Roosevelt-Kennedy era. This is
Capitalism 4.0.Anatole Kaletsky is editor-at-large of The Times of
London, where he writes a column on politics, economics, and
international relations. Kaletsky was a full-time journalist for
The Times, Financial Times, and The Economist from 1976 until 1998
when he eYespanded his activities to include economic forecasting
and financial consulting. --This text refers to an out of print or
unavailable edition of this title.
關於作者：
Anatole Kaletsky is Editor-at-Large of The Times, where he
previously served as the Economics Editor and Associate Editor.
Kaletsky began his career in journalism writing about business and
finance for the Economist, and for twelve years worked at the
Financial Times, where he served as New York Bureau Chief,
Washington Correspondent, International Economics editor and Moscow
Correspondent. He is a founding partner of GaveKal Capital, a Hong
Kong-based financial boutique. He lives in London. --This text
refers to an alternate Paperback edition.
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