What is it about?

Do we really live in a world where capitalism has penetrated every nook and cranny of daily life and stretched its tentacles ever wider across the globe? And is there really no alternative to capitalism? This paper evaluates critically whether capitalism is as victorious, colonizing and all-powerful as commonly assumed. By allowing market-ism to colonize our imaginations, the economic plurality that characterizes economies is shown to have become hidden from view and the future closed off.

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Why is it important?

By putting capitalism in its place, the argument is that it is not only possible but also realistic to imagine and enact alternative futures beyond capitalism and the first step is to realise that the ‘other’ (non-capitalist) economy is not some marginal backwater but at the core of working life.

Perspectives

Questions the hegemony of capitalism

Professor Colin C Williams
University of Sheffield

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This page is a summary of: A Capitalist World? Mapping the Limits of Market-Ism, Theory in Action, October 2009, Theory in Action, DOI: 10.3798/tia.1937-0237.09025.
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