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Labor-Capital Conflict: From Eurocentric Capitalism Towards. A Humanistic World Order

Journal of Economics Library

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Field Value
 
Title Labor-Capital Conflict: From Eurocentric Capitalism Towards. A Humanistic World Order
 
Creator MEHMET, Ozay; Carleton University, Canada
 
Description Abstract. What Wells summarized in the first quote above was Eurocentric capitalism. It has now become the principal source of instability and inequality in the world. Speculation, not profit, is its driver; profit has taken a back-seat. Capital market, the arena for speculation, is disconnected from the real economy, particularly the labor market which rewards less and less the workers and producers. Rewards, as private wealth are increasingly in speculative capital gains which accrue to the top 1% elite, made up of stock market players and financial institutions, while the rest [workers, middle class and those in lower segments of the socio-economic pyramid] fall behind.Keywords. Wealth; Economic Development; Health and Economic Development; Sustainability; Development Planning and Policy.JEL. E21, F63, I15, Q56, O20. 
 
Publisher Journal of Economics Library
 
Contributor —
 
Date 2015-12-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEL/article/view/485
10.1453/jel.v2i4.485
 
Source Journal of Economics Library; Vol 2, No 4 (2015): December; 285-300
2149-2379
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEL/article/view/485/607
 
Rights Copyright (c) 2015 Journal of Economics Library
http://creativecommons.org/licenses/by-nc/4.0