Capitalism

Resumen del libro

James Fulcher is a fellow at the University of Leicester, where he teaches sociology. Aside from Capitalism, he also co-authored Oxford University Press’ Sociology textbook, now in its fourth edition.

The evolution of capitalism, from its medieval European roots to its modern neoliberal form, has been marked by cycles of growth, crisis, and adaptation. Key developments, such as the rise of industrial capitalism during the Industrial Revolution and the later shift to state-managed capitalism, shaped economic systems and societal structures. However, the deregulation and financialization of capital in the late 20th century, coupled with heightened global competition, set the stage for the 2007-2008 financial crisis, exposing capitalism’s vulnerabilities. While neoliberal policies expanded individual freedoms and market opportunities, they also deepened inequalities, weakened labor protections, and contributed to systemic risks like climate change. As capitalism continues to adapt, the balance between market forces and state intervention remains central to addressing its challenges and shaping its future trajectory. The next chapter will explore how these dynamics influence emerging economies and global power shifts.

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