The Age of Unproductive Capital - Ladislau Dowbor

The Age of Unproductive Capital: A New Vision for Our Economy

In his groundbreaking book, The Age of Unproductive Capital, Ladislau Dowbor argues that the global economy is in a state of crisis. The root of this crisis, he argues, is the rise of unproductive capital—investments that do not create new wealth but instead extract value from the real economy.

Dowbor defines unproductive capital as "investments that do not generate a positive return on investment, or that generate a return that is lower than the cost of capital." This includes investments in financial assets, such as stocks and bonds, as well as investments in real estate and other non-productive assets.

Dowbor argues that the rise of unproductive capital is a major threat to the global economy. It has led to a decline in investment in productive activities, such as manufacturing and research and development. This has in turn led to a slowdown in economic growth and a rise in inequality.

Dowbor proposes a number of policies to address the problem of unproductive capital. These include:

• Increasing taxes on unproductive capital. This would discourage investment in unproductive assets and encourage investment in productive activities.
• Encouraging investment in productive activities. This could be done through a variety of means, such as tax breaks, subsidies, and government-sponsored investment funds.
• Strengthening regulations on the financial sector. This would help to prevent the financial sector from becoming too large and powerful, and would reduce the risk of financial crises.

Dowbor's book is a powerful indictment of the current global economic system. He offers a clear and concise analysis of the problem of unproductive capital, and he proposes a number of practical solutions to address this problem. The Age of Unproductive Capital is a must-read for anyone who is interested in the future of the global economy.

Why You Should Read This Book

The Age of Unproductive Capital is a must-read for anyone who is interested in the future of the global economy. Dowbor's analysis of the problem of unproductive capital is clear and concise, and his proposed solutions are practical and well-argued. This book is a wake-up call to the dangers of unproductive capital, and it offers a roadmap for a more sustainable and just economy.

Here are a few reasons why you should read The Age of Unproductive Capital:

• It is a well-written and engaging book. Dowbor's writing is clear, concise, and accessible to a wide range of readers. He uses a variety of examples to illustrate his points, and he does a good job of explaining complex economic concepts in a way that is easy to understand.
• It is a timely book. The problem of unproductive capital is a major threat to the global economy, and it is only getting worse. Dowbor's book provides a much-needed analysis of this problem, and it offers a number of practical solutions to address it.
• It is a thought-provoking book. Dowbor's book challenges conventional wisdom about the global economy. He argues that the current system is unsustainable, and he proposes a number of radical changes to address this problem. The Age of Unproductive Capital is a book that will make you think about the economy in a new way.

How to Buy This Book

The Age of Unproductive Capital is available in hardcover, paperback, and e-book formats. You can purchase the book from a variety of online retailers, including Amazon, Barnes & Noble, and Google Play. You can also find the book in many libraries.

If you are interested in learning more about the problem of unproductive capital and how to address it, I encourage you to read The Age of Unproductive Capital. It is a book that will change the way you think about the economy.