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Professionals’ Capitalism and Democracy

In: Innovation, Evolution and Economic Change

Author

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  • Luiz Carlos Bresser-Pereira

Abstract

The book begins with a penetrating analysis of the main features of today’s capitalism and in particular the conflict between shareholders and managers. It moves on to focus on the consequences of globalization in the decision-making processes of large corporations and represents an important step in the development of a theory of fraud and corruption within corporations. In the final part, the authors address and explore the consequences of the domination of influential groups over major social and political decisions, on the blurred boundaries between the public and the private sectors and its consequences in the fields of technological regulation and the evolution of public services. In so doing, the authors question the meaning and power of democracy in today’s society.

Suggested Citation

  • Luiz Carlos Bresser-Pereira, 2006. "Professionals’ Capitalism and Democracy," Chapters, in: Blandine Laperche & James K. Galbraith & Dimitri Uzunidis (ed.), Innovation, Evolution and Economic Change, chapter 1, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:4087_1
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