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    Ethics of Socioeconomics

    Critical Observations on Capitalism through the Lens of a Lawyer

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    Author(s)
    Byttebier, Koen
    Language
    English
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    Abstract
    The book analyzes socioeconomic through the lens of a lawyer. In the past decade the world has witnessed some severe financial and economic crises, espe­cially the financial crisis of 2007-2008 and the crisis caused by the COVID-19 pandemic. The author states that the socio-economic order has in the past four to five decades been thoroughly redesigned, generally favouring models that prio­ritize the free market over the public interest or even, more generally, government operation. He works out that during four to five decades, globalized, capitalist societies are facing a multiplicity of fundamental problems, such as: (1) increasing debt that severely burdens both the private and public sectors; (2) persistent poverty and an ever-increasing polarization between rich and poor, in addition to (3) intractable environmental problems that, fifty years after the Club of Rome's report entitled ‘Limits to growth’ (1972), has dragged the world into what in recent years has been referred to as "climate change." The book explains why all this is the direct result of value choices made from the late Middle Ages onwards, when in the Western world the societal models of that time were increasingly abandoned for a societal model that came to rely on the primacy of economic interests. The book not only subjects the ethical choices but also examines various problems it has caused and probes for possible ways out. This is an open access book.
    URI
    https://library.oapen.org/handle/20.500.12657/76745
    Keywords
    foundations of capitalism; causes of climate change; alternatives for capitalism; socioeconomic order; critical analysis of capitalism
    DOI
    10.1007/978-3-031-38837-8
    ISBN
    9783031388378, 9783031388361, 9783031388378
    Publisher
    Springer Nature
    Publisher website
    https://www.springernature.com/gp/products/books
    Publication date and place
    Cham, 2024
    Grantor
    • Vrije Universiteit Brussel - [...]
    Imprint
    Springer Nature Switzerland
    Series
    Economic and Financial Law & Policy – Shifting Insights & Values, 8
    Pages
    452
    Rights
    http://creativecommons.org/licenses/by/4.0/
    • Imported or submitted locally

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    License

    • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

    Credits

    • logo EU
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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