The Future of Capitalism

Third World History Book Report Due Friday, twelfth April 2002 Professor Glazier . This have got report reflects upon the writings of Lester C. Thurow in his 1996 book - The prospective of Capitalism. Thurow is a professor of political economy at M.I.T. School of Management and has been a contributing editor to the Newsweek journal. The Future of Capitalism is an analytical look at the state of human beings economics in the late Twentieth Century. Thurow predicts the future of capitalism based upon recent trends in empirical data combine with his own political/economic analysis. Central to this book is a powerful analogy that Thurow uses to communicate his ideas and thoughts to the reader. The distribution of wealth in the world is likened to the locate of the earth - parts of the earth be characterized by high mountainous regions ( aras of wealth) while others are of lesser altitude (areas of poverty). In Geology, it is understood that the earths surface is eternally in a state of flux, impacted by moderate movements in the tectonic plates that float upon the earths molten versed core.

The five tectonic plates affecting the earths surface (distribution of wealth) are analogous to the driving forces behind changes in world economics; the molten inner core represents the flowing currents of technology and ideology. Thurow contends that movements in the plates caused by ideological and/or technological changes can be gradual, having an imperceptible impact on the worlds population or they can be sudden with far greater accessible consequences. When tectonic plates move suddenly, they cause earthquakes on the earths surface; the distribution of wealth is changed over a very pathetic period of time. In this analogy, periods of rapid change caused by sudden movements in the plates are equated to times of punctuated equilibrium. Thurow describes punctuated equilibrium as fundamental changes in the state of world economics that delimitate what it takes to be successful... If you want to get a full essay, regularise it on our website: Orderessay

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