What the Market Does to People: Privatization, Globalization and Poverty

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9781842774311: What the Market Does to People: Privatization, Globalization and Poverty

This expose of poverty the world over reveals its shocking extent, the forms it takes, and its results. It probes the origins of poverty in attitudes and ideologies, norms and structures, and explains how statistical techniques and government subterfuges can hide poverty`s real extent. It examines privatization and globalization as the most recent and widespread causes of poverty and looks at the divisive impact of the market-driven economy on medical services, education and social welfare. It illustrates international, national and local efforts to reduce or eliminate poverty, and considers the prospects for a drastic reduction in worldwide poverty in the future.

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From the Publisher:

As corporations, governments and global financial institutions hail an anticipated cornucopia of benefits from the seemingly inexorable processes of privatization and globalization, the spectre of a harrowing deepening of poverty -- in developed and developing countries alike -- should have raised pressing concerns for the present and future well-being of the poor. But it has not. What lies behind the silence?

In this engaged and broad-ranging analysis of global poverty, David Macarov examines how poverty is defined as governments seek to minimize its scale, and how the poor are affected as governments cut back their support. Scrutinizing the causes of poverty with special focus on systemic policies and processes, he examines how the very nature of laissez-faire economics, privatization and globalization are creating and deepening poverty for masses of people, even as they lead to the accumulation of great wealth for a relative few.

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WHAT THE MARKET DOES TO PEOPLE

‘Macarov’s cogent, revealing and constructive book ... does not minimize the enormity of the problem, its complexities, and the power of the vested interests who profit from the persistence of inter-generational poverty. While he does not hesitate to forecast the long continuation of poverty amidst comparative wealth, he insists we can make affordable gains.... "Must reading" for all committed to reinventing our social and economic order. Its ideas merit searching attention; his prescriptions, creative enactment; and his cautionary hope, wide adoption.’ Arthur B. Shostak, Professor of Sociology, Drexel University

‘What the Market Does to People ... offers a brisk review of an astonishing range of issues raised by the global sweep of the free market. It explores the free market’s grim consequences for people, especially for poor people.’ Dr. Alvin Schorr, Case Western University

‘David Macarov’s latest book is broad in coverage, rich in insights, and both thoughtful and thought provoking. He confronts us with the challenge of understanding poverty. He demands that we should care.... This is a book that must be read by anyone interested in the human condition and its future fate in a world dominated by material desires and acquisitiveness, where there are some winners but many more losers.’ John Dixon, Professor of International Social Policy, University of Plymouth, UK

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