Corporations, Accounting, Securities Laws, and the Extinction of Capitalism

This book presents solid evidence that capitalism has already ended, arguing that corporate statutory law, securities laws, and generally accepted accounting principles have combined to cause the extinction of capitalists. It examines the factors that converged to contribute to and hasten the extinction of capitalists, exposing the fallacy that capitalism as an economic system not only continues to exist but is expanding globally. It appeals to economists, accountants, historians, political scientists, lawyers, and sociologists, as well as students of those disciplines.

Format: Paperback / softback
Length: 176 pages
Publication date: 29 January 2024
Publisher: Taylor & Francis Ltd

Ever since Marx, the future of capitalism has been a subject of intense debate. Marx and his followers predicted a violent overthrow as the ultimate fate of capitalism, while others believed that it would collapse under its own weight. However, some argue that capitalism will not only persist but also continue to expand globally. This book takes a unique approach by presenting solid evidence that capitalism has already ended.

The author argues that corporate statutory law, securities laws, and generally accepted accounting principles have combined to eliminate capitalists as owners of capital. Without capitalists, there can be no capitalism. The book examines the factors that converged to contribute to and hasten the extinction of capitalists and, thus, of capitalism as an economic system. In an ironic twist, the very things intended to promote, protect, and sustain capitalism are the ones that caused its demise. It exposes the fallacy that capitalism as an economic system continues to exist and is expanding globally. Capitalism is extinct, and the social system constructed on it as an economic system cannot be sustained.

This book will appeal to economists, accountants, historians, political scientists, lawyers, and sociologists, as well as students of those disciplines.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032147628