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Free enterprise is off the leash and is chasing opportunities for profit making across the globe. Challenging the notion of capitalist destiny, this text questions whether capitalism really has brought the levels of economic growth and prosperity that were hoped for.

In this survey of salient trends in the uncertain world economy, the author sketches the directions of disequilibrium resulting from decreasing American productivity compared to Europe & Japan, increasing US debt, China's rising capital accumulation, & shifting of the world trade share & financial instabilities. The impacts on economic integration of China's potential expansion, the inherent turbulence of the global financial system exacerbated by deregulation, growth markets in China, India & other developing countries are dangerously fragile. The author concludes with the argument that developing countries buoyant demand for exports means increasing competition from the South to OECD countries, & the investment drain resulting from surplus Chinese labor or some triggering event creates uncertainty for the capitalist system of the North. Tables, Figures. J. Harwell