in transit

This reply is so late - sorry. ^^;; And, I've never read the book, so don't think I could set you straight. But, hm. I'm assuming it has the same theory that his papers do, which is that capitalism fails in third world countries because the capital that poor have access to isn't recognized or liquid. (Let me know if I'm wrong in this?) It's been some time since I read him, (and if I remember his arguments correctly) I don't completely disagree with what he says, because I think that if you turn the assets of the poor into liquid capital that will help the poor, but it doesn't solve the problem or tell you the cause of it. It is like saying that the poor are poor because they don't have enough clothes to wear, and if everyone had enough clothes to wear there would be no poor. And, /yeah/, giving the poor free clothes will help them, just like transforming the dead to liquid capital will help 3rd world countries, but it's a superficial analysis of the problem. imo the reason that globalization has failed in so many countries is because it was carried out hastily and unequally, such as the WTO forcing third world countries to eliminate tariffs on agricultural products while developed countries still protected their own agricultural sector through subsidies, pressuring capital markets to open when there weren't sufficient regulations, the IMF pressuring countries to follow policies that gutted the public service sector, etcetc. But I still like his analysis, because it does address a problem that poor in 3rd world countries face, and unlike most economic analysis out there I think that his solutions will help (just, imo, not as much as he claims they will, because they don't address the deeper causes).