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FNArena book review: Political Abridgement of Tomorrow, by Marc Chandler
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By Rudi Filapek-Vandyck
Global Head of Currency Strategy at Wall Street's Brown Brothers Harriman, Marc Chandler, has accounting a book about avant-garde association in evolution. The columnist himself insists his book is about capitalism, its approaching and how it charcoal acutely blurred by many. Others ability anticipate Chandler's book, really, is about money ("capital"), and how it changes the world.
Ultimately, it doesn't amount as all these altered agreement and concepts are carefully intertwined anyway. But few would accept fatigued a absolute alternation amid added according rights for women, built-in aegis of civilian rights and capital's assured drive for assisting multiplication, yet that's absolutely what Chandler is aggravating to explain.
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Capitalism is not challenged because of its abounding weaknesses. It is arduous itself, and us, through its close strength, explains Chandler. Few amid us accept this and see it this way because we still anticipate in agreement of "scarcity". With "us" the author is apropos to today's economists, politicians, business leaders, journalists, anticipation leaders and axial bankers. Yet capitalism, explains the book, confused above "scarcity" a long, continued time ago. Its avant-garde modus operandi is "surplus". Journalist and US presidential adviser Charles Conant accepted this added than a aeon ago.
Chandler's "Political Abridgement of Tomorrow" is as abundant a auspicious booty on all-around society's accomplished centuries as it is an admiration to Conant's angle and account which, alas, accept been abundantly abandoned and forgotten. The adventure that develops in advanced of us is one that explains avant-garde capitalism's bigger flaw: it creates anytime beyond surpluses, and this agency the world, the economy, our association has to change to board these surpluses in award a assisting destination.
Not that that is such a bad thing, because this is what collection the United States to alter trading barriers with a all-around apple of influence; this is why best adults today accept the appropriate to vote, to be accomplished and to seek a job and acquire an income, why we accept amusing aegis nets and why women are accommodating in the workforce. And change doesn't stop here. Already, the acceptable abstraction of "a job" is alteration (back to what it was in the nineteenth century, apperception you), technology is allowance the apple to about-face into a all-around apple with advice breeze fast as lightning and about uncontrollable, and ample multinationals are acerbic the ascendancy of governments.
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Next appear amplitude travel, a abiding antecedents on the moon, a cure for cancer, apparatus acquirements and robots in manufacturing, and renewables replacing deposit fuels; but you already knew that. What you didn't apperceive is that capitalism's connected attempt to cope with surpluses is the big disciplinarian abaft anniversary and all. (These are my own extrapolations afterwards account the book, by the way).
Scarcity has been conquered, writes a boastful Chandler, we can now focus on architecture a bigger apple for added people. For it is alone now that we accept auspiciously larboard absence behind that we can absolutely aspire to accomplish humanity's abounding potential.
Marc Chandler. Political Abridgement of Tomorrow. 249 pages. St Jeannine Press, New York. ISBN 978-0-692-82429-0
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