Rewriting the bases of capitalism: Reflexive modernity and ecological sustainability as the foundations of a new normative framework

  • Balakrishnan U
  • Duvall T
  • Primeaux P
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Abstract

The debate on sustainable globalized development rests on two clearly stated economic assumptions: that 'development' proceeds, solely and inevitably, through industralization and the proliferation of capital intensive high-technology, towards the creation of service sector economies; and that globalization, based on neoliberal, capitalist, free market ideology, provides the only vehicle for such development, is merely a function of market forces, which will generate the solutions for all problems including the environmental dilemmas that loom over the globe today. The social focus of globalized development is clearly the 'individual' and the much-touted goal of development in the context of these debates, is the emancipation of the individual from want... This paper examines the unforlding of the logic of capitalism, which underlies the structure of the Rostowian model of development and the problems in the assumptions underlying today's globalized development process."

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Authors

  • Uma Balakrishnan

  • Tim Duvall

  • Patrick Primeaux

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