A Critique on the Book Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System
This book explains the impact of dirty money on the functioning of the global capitalist system. Raymond Baker introduces a three-loop interconnected chain of interactions, including lawlessness, inequality, and the philosophy of utilitarianism, as the Achilles' heel of capitalism which has pro...
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| Format: | Article |
| Language: | fas |
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Institute for Humanities and Cultural Studies (IHCS)
2021-06-01
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| Series: | پژوهشنامۀ انتقادی متون و برنامههای علوم انسانی |
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| Online Access: | https://criticalstudy.ihcs.ac.ir/article_6407_e41254fb9cdffa4d9e6877d452c19dfe.pdf |
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| _version_ | 1841555350241673216 |
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| author | Mohammad Javad Nourahmadi |
| author_facet | Mohammad Javad Nourahmadi |
| author_sort | Mohammad Javad Nourahmadi |
| collection | DOAJ |
| description | This book explains the impact of dirty money on the functioning of the global capitalist system. Raymond Baker introduces a three-loop interconnected chain of interactions, including lawlessness, inequality, and the philosophy of utilitarianism, as the Achilles' heel of capitalism which has provided the ground for the vulnerability of this system, especially in the twentieth century. Baker considers the restructuring of the free market system and the continuation of the optimal functioning of this system in the 21st century to be subject to serious reforms in the philosophy of capitalism, namely utilitarianism, with an emphasis on the theory of justice of John Rawls and Thomas Pogg. He believes that effective measures to reduce inequality in wealth within and between countries should be taken to reduce dirty money and debt forgiveness of developing countries. Baker also recommends institutional changes in the structure of the World Bank and the financial system of developed countries to reduce the creation and flow of dirty money from developing and transition countries. In this article, while evaluating the form and content of Baker's book, his innovations in the critique of the global capitalist system are presented from within and compared with other critiques of capitalism, and suggestions for updating the book are presented. |
| format | Article |
| id | doaj-art-e948be0d73644faeb43e0d48854d738b |
| institution | Kabale University |
| issn | 2383-1650 |
| language | fas |
| publishDate | 2021-06-01 |
| publisher | Institute for Humanities and Cultural Studies (IHCS) |
| record_format | Article |
| series | پژوهشنامۀ انتقادی متون و برنامههای علوم انسانی |
| spelling | doaj-art-e948be0d73644faeb43e0d48854d738b2025-01-08T05:42:49ZfasInstitute for Humanities and Cultural Studies (IHCS)پژوهشنامۀ انتقادی متون و برنامههای علوم انسانی2383-16502021-06-0121433135810.30465/crtls.2020.30512.18186407A Critique on the Book Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market SystemMohammad Javad Nourahmadi0Assistant Professor, Department of Theoretical Economics, Faculty of Economics, Allameh Tabataba’i UniversityThis book explains the impact of dirty money on the functioning of the global capitalist system. Raymond Baker introduces a three-loop interconnected chain of interactions, including lawlessness, inequality, and the philosophy of utilitarianism, as the Achilles' heel of capitalism which has provided the ground for the vulnerability of this system, especially in the twentieth century. Baker considers the restructuring of the free market system and the continuation of the optimal functioning of this system in the 21st century to be subject to serious reforms in the philosophy of capitalism, namely utilitarianism, with an emphasis on the theory of justice of John Rawls and Thomas Pogg. He believes that effective measures to reduce inequality in wealth within and between countries should be taken to reduce dirty money and debt forgiveness of developing countries. Baker also recommends institutional changes in the structure of the World Bank and the financial system of developed countries to reduce the creation and flow of dirty money from developing and transition countries. In this article, while evaluating the form and content of Baker's book, his innovations in the critique of the global capitalist system are presented from within and compared with other critiques of capitalism, and suggestions for updating the book are presented.https://criticalstudy.ihcs.ac.ir/article_6407_e41254fb9cdffa4d9e6877d452c19dfe.pdfcapitalismfree market systemillegalitydirty moneyinequalityutilitarianismjustice |
| spellingShingle | Mohammad Javad Nourahmadi A Critique on the Book Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System پژوهشنامۀ انتقادی متون و برنامههای علوم انسانی capitalism free market system illegality dirty money inequality utilitarianism justice |
| title | A Critique on the Book Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System |
| title_full | A Critique on the Book Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System |
| title_fullStr | A Critique on the Book Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System |
| title_full_unstemmed | A Critique on the Book Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System |
| title_short | A Critique on the Book Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System |
| title_sort | critique on the book capitalism s achilles heel dirty money and how to renew the free market system |
| topic | capitalism free market system illegality dirty money inequality utilitarianism justice |
| url | https://criticalstudy.ihcs.ac.ir/article_6407_e41254fb9cdffa4d9e6877d452c19dfe.pdf |
| work_keys_str_mv | AT mohammadjavadnourahmadi acritiqueonthebookcapitalismsachillesheeldirtymoneyandhowtorenewthefreemarketsystem AT mohammadjavadnourahmadi critiqueonthebookcapitalismsachillesheeldirtymoneyandhowtorenewthefreemarketsystem |