False Dawn: The Delusions of Global Capitalism

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False Dawn: The Delusions Of Global Capitalism

Harry Potter. Popular Features. New Releases. Description In the midst of the current financial crisis, John Gray revisits his brilliant polemic against the forces of global capitalism and deregulation. Written over ten years ago, False Dawn is a remarkably prescient book, sharply criticizing the greed and unsustainable economic practices which have proved to be the seeds of a worldwide recession. In a substantial new chapter, Gray considers how the economic landscape has shifted in a decade, and asks the crucial question: where do we go from here?

According to Gray, case studies of Britain, Mexico, New Zealand and Australia show already the questionable success of the free market experiment and what we have to expect from it in the future.

False Dawn : The Delusions of Global Capitalism

There won't be any winners. The self-set goals have not been reached.

After two decades of Tory rule under Margaret Thatcher, indirect taxes, government spending and unemployment rates were at the same level or higher than in At the same time, the policy of deregulation created new inequities and increased old ones. The logic of the free market commercializes all relationships, thereby exerting a destructive influence on all institutions that foster social ties and guarantee stability.

The Last Utopia

There's no way back either. Social democracy no longer disposes over the means to reach its traditional goals.

False Dawn The Delusions of Global Capitalism

The externalization of social costs has been cemented through global competition. The whole book does seem a bit over-pessimistic, but that does not impair its quality.

If you are a connoisseur of profound and intelligent argumentation, lucid and distinguished style, this book is for you. That the author does not attempt to offer possible concrete solutions to the problems he analyses greatly adds to the impression of pessimism. However, Gray identifies the central political project for the future: to reconcile a deregulated market economy with the necessity of social solidarity.


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The book's bottom line thereby is that the economy has to serve the needs of the society and not the other way round. They alert us when OverDrive services are not working as expected. Without these cookies, we won't know if you have any performance-related issues that we may be able to address.

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