Comparing Capitalisms for an Unknown Future
Societal Processes and Transformative Capacity

The comparison of distinct societal processes expressing key universals in societal progress permits a fusion of local and wider logics.

Gordon Redding (Author)

9781009303026, Cambridge University Press

Paperback / softback, published 30 September 2023

75 pages
27 x 18 x 0.7 cm, 0.15 kg

Systems of capitalism are conceived as formed under certain broad logics that apply to all, but which then interpret those logics in distinct ways society by society, seen as the society's own processes. Such processes cluster into three categories: an inspiring context; a transformative capacity; and empowered action. The political role is that of balancing the influences across the total. Each inspirational influence adds a key contribution, as with benevolent empowering authority, and critical thinking. Transformative capacity is built by: innovativeness and cooperativeness; and stable decentralized authority flows from communicative action, spontaneous emergent ordering; and competitive productivity. Societal progress may be explained in terms of the integrated workings of these processes to yield an ethically legitimate structure for the prosperity-driven creating and distributing of wealth. Two main stereotypes are examined to compare their workings and their outcomes: the Western free market democratic, and the Chinese party-state driven.

Introduction
1. The Evolving of Progressive Types of Society
2. The Main Types of Capitalism So Far Evolved
3. Explaining Patterns in Societal Progress
4. The Lessons of History
5. A Conceptual Structure for Societal Process Analysis
6. Liberal Market Democratic Capitalist
7. The State-Directed Form: China
8. Lessons from the Comparisons
9. Implications for an Unknown Future
References.

Subject Areas: Corporate governance [KJR]