Beyond the Profits System

Possibilities for a Post-Capitalist Era

Harry Shutt


Offers a different analysis to the mainstream, establishment commentators who have struggled to come to terms with the crisis. This book provides not merely a comprehensive background to the flawed ideologies that precipitated the collapse, but also a radical way forward in light of the catastrophe.
Since 2008, we have found ourselves confronted by an historic financial holocaust that world leaders have struggled to come to terms with. All have willfully ignored its long-term, systemic causes and are thus unable to chart a way to survival. As explained by Harry Shutt - who was almost alone in foreseeing such a disaster in the 1990s (in The Trouble with Capitalism) their continued denial stems from a vested interest in maintaining a capitalist profits system which is not only as destructive as it was in the 1930s but as outmoded as feudalism was in 1789. Thus it can now only be sustained by an increasing reliance to official misinformation, massive criminal fraud and the ever greater dependence of private corporations on state subsidy.

This book makes clear why the desperate resort of Western governments to 'extraordinary measures' to try and avert economic collapse is bound to fail. It also forcefully demonstrates why our only hope of reversing the tide is to abandon the traditional economic logic of endlessly expanding production in favour of responding to the aspirations of ordinary people. Such a transformation, argues Shutt, would make possible the allocation of resources to more socially desirable ends, including the assurance of basic economic security for all as a right of citizenship.

Author Bio

Harry Shutt was Chief Economist at the Fund for Research and Investment for the Development of Africa (1977-79). Since then he has been an independent economic consultant. His books include The Myth of Free Trade: Patterns of Protectionism Since 1945 (1985), The Trouble with Capitalism: An Inquiry into the Causes of Global Economic Failure (Zed 1999), A New Democracy: Alternatives to a Bankrupt World Order (Zed 2001) and The Decline of Capitalism: Can a Self-Regulated Profits System Survive (Zed 2004).

Table of Contents

  • Introduction
  • 1. Anatomy of a crisis
  • 2. The official response: a study in delusion
  • 3. Facing up to systemic failure
  • 4. The price of profit-driven growth
  • 5. A new model: ending the tyranny of production
  • 6. Evolving a more rational economic system
  • 7. Ideology for the 21st century: cooperation, creativeness, equality
  • 8. Deepening democracy
  • 9. Capitulation or catastrophe?


'This has been the most interesting discussion with an economist I have ever had in my life.'
George Galloway, Press TV


Publication Date: 11 March 2010
192 pages

Product ISBNs: Paperback: 9781848134171
Hardback: 9781848134164
eBook ePub: 9781848138285
eBook PDF: 9781848134188
eBook Kindle: 9781780327570

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