IDEAS home Printed from https://ideas.repec.org/a/ksp/journ5/v2y2015i4p285-300.html
   My bibliography  Save this article

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

Author

Listed:
  • Ozay MEHMET

    (Carleton University, Canada.)

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.

Suggested Citation

  • Ozay MEHMET, 2015. "Labor-Capital Conflict: From Eurocentric Capitalism Towards. A Humanistic World Order," Journal of Economics Library, KSP Journals, vol. 2(4), pages 285-300, December.
    • Handle: RePEc:ksp:journ5:v:2:y:2015:i:4:p:285-300
    as

    Download full text from publisher

    File URL: http://www.kspjournals.org/index.php/JEL/article/download/485/607
    Download Restriction: no
    File URL: http://www.kspjournals.org/index.php/JEL/article/view/485
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Wealth; Economic Development; Health and Economic Development; Sustainability; Development Planning and Policy.;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksp:journ5:v:2:y:2015:i:4:p:285-300. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bilal KARGI (email available below). General contact details of provider: http://www.kspjournals.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.