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PART ONE: INTRODUCTION 3

Ⅰ.Economic Succession 3

THE MISSING LINK 5

THE “C”-WORD 7

THIS BOOK 11

Disclaimer 11

StructuralArguments 13

Ⅱ.Growing Up Global 16

ANEW WORLD ORDER 17

FROM YONKERS TO WHARTON 20

NEW DAWN FOR BUSINESS 21

ROBERT MCNAMARA, ENFORCER 24

FORTYYEARSLATER 28

Ⅲ.The Copenhagen Conundrum 30

CARBON DEBT 31

COCHABAMBA, BOLIVIA 33

THE CANCUN CONUNDRUM 35

THE MORALES CONUNDRUM 37

PART TWO: THE FATAL FLAWS OF CAPITALISM 43

Ⅳ.Intrinsic Amorality & Corporate Schizophrenia 43

IS GREED GOOD? 49

EVERYDAY LIFE IN ADVERTISING 53

ARE CORPORATIONS PEOPLE? 58

CORPORATIONS ARE MACHINES 60

Ⅴ.Intrinsic Inequities of Corporate Structure 62

EIGHT INTRINSIC INEQUITIES OF CORPORATE STRUCTURE 64

1.Profits from Business Operation 64

2.Profits from Capitalization of the Public Commons 65

Cost Externalization 65

Limited Legal Liability 66

Exploitation of the Intellectual Commons 66

3.CEO Megasalaries ? Bonuses 70

4.Stock Payments ? Dividends 72

5.Invested Earnings: The Multiplier Effect 73

6.Wage Repression of Employees 73

7.The “Worker Productivity” Scam 75

8.Cashing Out: The Sale of CompanyAssets 76

THE ILLUSION OF CORPORATE “EFFICIENCY” 77

Ⅵ.Endless Growth on a Finite Planet 81

ECOSYSTEM INTO ECONOMY 84

Gross Domestic Product （GDP） 85

What’s Left Out of GDP? 87

Virtual Growth 89

“PLANETARY BOUNDARIES” 91

Resource Shrinkage on a Finite Planet 92

Financial Speculation in Food Supplies 94

Privatization ofWater 97

Peak Species ?Peak Beauty 98

EARTHISLAND 100

FUNDAMENTAL QUESTIONS 103

Ⅶ.Searching for Growth: Desperate Measures 105

SEVEN EXPLORATIONS IN GROWING GROWTH 106

1.Shifting from Real Growth to Virtual 106

2.Creating “New Resources”—Privatizing the Commons 106

3.Expanding the Military Economy 107

4.Green Capitalism 107

Eco-pornography 109

Green Shopping 110

5.Search for Green Energy 111

Net Energy Limits 112

6.Creative Destruction 114

7.Techno-Utopianism ?NewNature 119

Reinventing Nature 120

Atmospheric Engineering 122

Artificial Volcanoes 125

Debate: Intellect or Wisdom? 126

Ⅷ.Propensity Toward War 129

WARAs ECONOMIC STRATEGY 130

THE STEALTH ECONOMY 134

DOING THE NUMBERS 135

COMMERCIAL ARMS TRADE 138

MILITARY KEYNESIANISM 139

F-35 Lightning Ⅱ Fighter: $325 billion （LockheedMartin Corporation） 140

Gerald Ford-Class Supercarrier:$120 billion （Northrop Grumman Corporation） 141

Future Combat System: $340 billion （Boeing and SAIC） 141

Littoral Combat Ship: $38 billion（Austal USA and Lockheed Martin） 141

U.S.MILITARY BASES 143

Asia Pacific 144

Western Europe 145

Middle East 145

Africa 146

SouthAmerica 146

FOCUS ON THE PACIFIC 147

“COMPARATIVE ADVANTAGE” OF WAR 151

Ⅸ.Privatization of Democracy 153

RULE BY THE RICH 154

DOING THE NUMBERS 156

WHAT ISABILLION DOLLARS? 158

THE “PROBLEM” OF SURPLUS CAPITAL 159

INVESTMENTS IN GOVERNMENT 160

POLITICIANS FOR SALE 164

KOCH BROTHERS: ROLE MODELS FOR NEOFEUDAL EXPRESSION 167

DEMOCRACY? 170

Ⅹ.Privatization of Consciousness 172

WHO NEEDS ADVERTISING? 174

LIVING INSIDE MEDIA 176

Advertising to Children 177

Global Reach 178

THE POWERS OF RECEIVED IMAGES 179

Are You Immune? 180

Is Television Real? 181

“Truth”inAdvertising 182

VirtualReality 185

GLOBAL CONTROL 186

AOL-Time Warner 188

Disney 188

The News Corporation 189

CRISIS POINT 190

ⅩⅠ.Capitalism or Happiness 194

LAISSEZ-FAIRE 195

DOING THE NUMBERS 196

CONSEQUENCES OF INEQUITY 199

ECONOMICS OF HAPPINESS 201

SUFFICIENCY 203

SUMMARIES &AFTERTHOUGHTS 206

PART THREE: EPILOGUE 213

ⅩⅡ.Which Way Out? 213

FOUR MEGASHIFTsTOWARD ANEWECONOMICS 217

1.Nature Comes First 217

Steady-state Economics 218

Contraction and Convergence 219

Biological Restoration and the Public Commons 220

The United Nations’ Declaration of the Rights of Mother Earth 221

2.The Primacy of Scale: Not Globalization, Localization 222

Direct Democracy 224

The Indigenous Example 226

3.Experiments in Corporate Values and Structure 229

Redesigning Corporate Form 230

Worker-owned Cooperatives 233

4.Hybrid Economics 235

Central Planning? 236

Can We Learn from China? 237

New-economy Models 238

UNCHARTED TERRITORY 241

Bibliography 245

Organizations 253

Acknowledgments 257