This book looks at what is going to happen to U.S. enterprises, markets, and the government sector in the coming decades. The discussion draws on economic factors such as the declining growth rate that will accompany the aging of the population. The author also considers a series of critical social, cultural, and political trends that will affect the way economic activities will be structured. He focuses particular attention on the increasing share of markets that will be held by the largest firms, and the changing roles of government in the economy. This book tells us not only what will happen in the future, but also provides perspective on what is happening to U.S. capitalism today.
Acknowledgements; Part I. Introduction: 1. Setting the stage; Part II. Internal Influences on the Economic System: 2. Saving and economic growth; 3. Economic fluctuations and financial crises; 4. Economic inequality; 5. Globalization; Part III. External Influences on the Economic System: 6. Natural resources and the environment; 7. Social factors; 8. Political factors; Part IV. Changes in Crucial Economic Institutions and Organizations: 9. Evolution of business enterprises; 10. Evolution of market competition; 11. Evolution of government regulation and ownership; 12. Evolution of government spending; Part V. Summary: 13. Whither U.S. capitalism?; Appendices, Bibliography; Indexes.