In Popular Capitalism (first published in 1988 and now with a new preface by the author) Redwood draws on his wide-ranging experience to illustrate major economic changes happening around the world. He shows that privatisation, deregulation, venture capital, wider ownership, debt repayment and the growth of new markets are all scenes in a larger drama: the story of how the world is responding to the failure of public sector led growth and to the overburdening of debt that has so damaged countries, companies, and even banks. Popular capitalism is a worldwide phenomenon, embracing Latin America, Gorbachev's reforms, China's own style of local capitalism, and the large government privatisation programmes of the developed world.
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