ABSTRACT
This discussion follows four steps. One is to retrieve the varieties of capitalism from the propaganda that claims There Is No Alternative to free market capitalism. Second is to examine the status of American capitalism in light of Enron and related episodes. Third is to consider the tipping points of American capitalism in view of economic trends and military aspirations. Fourth is to probe the scope for alternative capitalisms and the articulation of alternative capitalisms. Looking forward, one option is a substantive dialogue between Asian countries and the European Union with regard to the direction of globalization and contemporary capitalism. This line of argument functions at two levels, as opening up thinking about globalization and probing the scope for choice, and as a broad-brush policy direction.
