Paternalistic Capitalism

Paternalistic Capitalism

by Andreas G. Papandreou
     
 

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Paternalistic Capitalism was first published in 1972. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.

The distinguished economist and Greek political leader presents here a powerful critique of American capitalism

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Overview

Paternalistic Capitalism was first published in 1972. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.

The distinguished economist and Greek political leader presents here a powerful critique of American capitalism and its relationship to government and foreign policy. Dr. Papandreou first examines the orthodox view of the contemporary capitalist economy and the "myth of market capitalism" which it has engendered. He then considers the Neo-Marxist view that the economy can best be understood as monopoly capitalism, and the technocratic interpretation of society proposed by J. K. Galbraith. Dr. Papandreou accepts and rejects various aspects of these two interpretations, and moves to define the salient features of what he calls paternalistic capitalism, wherein privatized decentralized planning increasingly is carried out by the corporate managerial elite, in the interest not of the consumer, but of the "system." The paternalism is that of the autocratic big brother.

The author then explores the relationship between the managerial elite and the instrumentalities of the State, and claims that next to the managerial elite stand the national security managers—not by accident, for paternalistic capitalism is aggressively expansionist, as is reflected in the foreign policy of the capitalist metropolis, the United States. The global aspect of paternalistic capitalism is further delineated in Dr. Papandreou's discussion of the "new mercantilism" and of the institutional device of the multinational corporation. Finally, he considers briefly two alternatives—the Soviet experiment, which he rejects as paternalistic socialism, and a vision of a regionally decentralized society, in which man will control rather than be at the mercy of his social environment.

Product Details

ISBN-13:
9780816658442
Publisher:
University of Minnesota Press
Publication date:
06/01/2009
Edition description:
Minnesota Archive Editions
Pages:
202
Product dimensions:
5.50(w) x 8.50(h) x 0.43(d)

Meet the Author


Andreas G. Papandreou wrote from an unusual background. His experience embraced not only the academic world of teaching and research but also the world of political and governmental affairs, and his varied career was global in dimension. As a cabinet minister in Greece and a leader of the country’s democratic forces, he was imprisoned and then exiled by the military junta which seized power in 1967. He continued the struggle for a democratic Greece as leader of the Panhellenic Liberation Movement. He was a professor of economics at York University, Toronto, Canada, and also taught at the University of California, Berkeley, where he was chairman of the economics department, and the University of Minnesota, Northwestern University, and the University of Stockholm. He was the author of a number of books.

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