Contents: Preface -- 1. What capitalism was -- 2. Where capitalism came from -- 3. The capture of market power -- 4. The fatal capture of money -- 5. Could anything have saved it? -- Epilogue: the centre could not hold -- Index.

Poor countries were induced to enact the strong intellectual property rights required for membership of the World Trade Organization by empty promises of better access to markets and reductions in US farm and EU export subsidies. Patents have prevented access to cheap generic versions of drugs...

Schumpeter’s forecast in his Capitalism, Socialism and Democracy (<CitationRef CitationID="CR52">1942</CitationRef>) that ‘a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist society’ did great damage to his reputation. This was especially so after the fall of the Berlin wall,...</citationref>

The Patent-granting practice of the United States requires that an applicant be "first-to-invent," not "first to file." This means that if two applications which might be for the same invention are received within a short time of each other, an "Interference" investigation by the Patent and...

In Business Cycles (1939) Schumpeter took up empirical data which had been produced by Kondratieff, and made the “clustering” of innovations into the actual cause of long economic cycles. The book was a failure, largely due to negative reviews which stressed the poor quality of its...

Intellectual property rights have been driven relentlessly towards a unitary system for the entire world, originally through passive copying of flawed United States arrangements, but more recently as a result of determined lobbying by American interests. But diversity and competition have the...