Is Capitalism Obsolete?: A Journey through Alternative Economic Systems

Alberto Acosta

"Is Capitalism Obsolete?" is a book by Ecuadorian economist and activist Alberto Acosta, published in 2013. In this book, Acosta offers a critical analysis of capitalism as an economic system, and argues that it is no longer compatible with the needs and aspirations of contemporary society.

Acosta's argument is based on the premise that capitalism is driven by the pursuit of profit, which leads to social and environmental degradation, inequality, and crises that threaten global stability. He argues that capitalism's focus on individual self-interest and competition undermines collective social values and the common good, and that it perpetuates an unsustainable and unjust distribution of wealth and power.

To explore alternatives to capitalism, Acosta examines various economic systems that prioritize human well-being, environmental sustainability, and social justice. He discusses the role of alternative markets, cooperatives, and community-based approaches, as well as the potential of new technologies and the importance of cultural and spiritual values.

Overall, Acosta's book offers a thoughtful and provocative critique of capitalism and the urgent need for alternative economic systems that prioritize the interests of people and the planet. His message resonates with growing movements for economic democracy, climate justice, and social transformation around the world.

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