Draft:Predatory capitalism
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Comment: As all references are offline, page numbers are needed to support WP:VERIFY Chetsford (talk) 11:07, 28 November 2024 (UTC)
Predatory capitalism is a term used to describe forms of capitalism that prioritize profit through practices perceived as exploitative or unethical. The term has been applied to describe economic systems or behaviors that disregard social responsibility, environmental sustainability, and economic equity in pursuit of financial gain.[1][2]
Characteristics
[edit]Observers have identified several recurring themes associated with predatory capitalism:
Exploitation of Vulnerable Groups: Practices that disproportionately impact marginalized individuals or communities, such as exploitative wages and predatory lending.[3]
Environmental Harm: A focus on resource extraction or industrial activities with significant ecological consequences.[4]
Market Manipulation: Consolidating market power through monopolistic practices such as unfair pricing or mergers.[5]
Critics argue that predatory capitalism exacerbates inequality, undermines democratic governance, and prioritizes short-term profit over long-term sustainability.[6]
References
[edit]- Piketty, Thomas (2014). Capital in the Twenty-First Century. Harvard University Press. pp. Explores economic inequality and the accumulation of wealth in capitalist systems, highlighting the exploitative nature of unchecked wealth concentration. ISBN 978-0-674-43000-6.
- Klein, Naomi (2007). The Shock Doctrine: The Rise of Disaster Capitalism. Metropolitan Books. pp. Analyzes how crises are exploited by capitalist systems to implement predatory economic policies benefiting elites. ISBN 978-0-8050-7983-8.
- Perkins, John (2004). Confessions of an Economic Hitman. Berrett-Koehler Publishers. pp. Details how global capitalism manipulates developing nations through exploitation and debt traps. ISBN 978-1-57675-301-9.
- Sachs, Jeffrey (2005). The End of Poverty: Economic Possibilities for Our Time. Penguin Press. pp. Examines the structural flaws in global capitalism that perpetuate poverty and inequality. ISBN 978-1-59420-045-8.
- Galbraith, James K. (2008). The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. Free Press. pp. Explores the collusion of government and corporate interests in creating a predatory economic system. ISBN 978-1-4165-5318-2.
- Stiglitz, Joseph E. (2003). Globalization and Its Discontents. W. W. Norton & Company. pp. Critiques the failures of globalization and the exploitation inherent in neoliberal economic policies. ISBN 978-0-393-32439-6.
- ^ Klein, Naomi (2007). The Shock Doctrine. Metropolitan Books. ISBN 978-0-8050-7983-8.
- ^ Stiglitz, Joseph E. (2002). Globalization and Its Discontents. W. W. Norton & Company. ISBN 978-0-393-32439-6.
- ^ Perkins, John (2004). Confessions of an Economic Hitman. Berrett-Koehler Publishers. ISBN 978-1-57675-301-9.
- ^ Piketty, Thomas (2014). Capital in the Twenty-First Century. Harvard University Press. ISBN 978-0-674-43000-6.
- ^ Sorkin, Andrew Ross (2009). Too Big to Fail. Viking Press. ISBN 978-0-670-02125-3.
- ^ Galbraith, James K. (2008). The Predator State. Free Press. ISBN 978-1-4165-5318-2.