"Professor Haseler argues that today's new global capitalism, unlike cold-war capitalism, is unconstrained by nation, community or even minimal social obligation. In this new economic system, global corporations are the great winners. They are now free to bid down costs (wages and taxes) by playing even the largest governments off one another. As they reap burgeoning profits for the super-rich whilst eroding the stability and security of the income of the traditional western middle classes, they are ushering in an era of acute social division."--Jacket.