The Amoral Elephant examines the implications of globalization, draws parallels to earlier stages of capitalist development to demonstrate the social burdens arising from the exploding financial markets. Tabb describes how international institutions, most importantly the International Monetary Fund and the WTO have focused on neoliberal goals to erode the welfare state and shift wealth from the poor to the rich.

Tabb's reasoning is that if we better understand the world, we will be better prepared to engage in the struggle for progressive social change.