Global Slump

Author : David McNally
Publisher : PM Press
Page : 289 pages
File Size : 50,7 Mb
Release : 2010-12-09
Category : Business & Economics
ISBN : 9781604860658

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Global Slump by David McNally Pdf

Global Slump analyzes the global financial meltdown as the first systemic crisis of the neoliberal stage of capitalism. It argues that—far from having ended—the crisis has ushered in a whole period of worldwide economic and political turbulence. In developing an account of the crisis as rooted in fundamental features of capitalism, Global Slump challenges the view that its source lies in financial deregulation. The book locates the recent meltdown in the intense economic restructuring that marked the recessions of the mid-1970s and early 1980s. Through this lens, it highlights the emergence of new patterns of world inequality and new centers of accumulation, particularly in East Asia, and the profound economic instabilities these produced. Global Slump offers an original account of the “financialization” of the world economy during this period, and explores the intricate connections between international financial markets and new forms of debt and dispossession, particularly in the Global South. Analyzing the massive intervention of the world’s central banks to stave off another Great Depression, Global Slump shows that, while averting a complete meltdown, this intervention also laid the basis for recurring crises for poor and working class people: job loss, increased poverty and inequality, and deep cuts to social programs. The book takes a global view of these processes, exposing the damage inflicted on countries in the Global South, as well as the intensification of racism and attacks on migrant workers. At the same time, Global Slump also traces new patterns of social and political resistance—from housing activism and education struggles, to mass strikes and protests in Martinique, Guadeloupe, France and Puerto Rico—as indicators of the potential for building anti-capitalist opposition to the damage that neoliberal capitalism is inflicting on the lives of millions.

Author : François Chesnais
Publisher : BRILL
Page : 322 pages
File Size : 54,8 Mb
Release : 2016-09-07
Category : Political Science
ISBN : 9789004255487

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Finance Capital Today by François Chesnais Pdf

In Finance Capital Today, François Chesnais analyses the specific features of contemporary capitalism, notably its truly global nature and its financialisation, calling on Marxist analyses of the concentration, centralisation and globalisation of capital and Marx’s theory of interest-bearing and fictitious capital.

Author : Greg Albo Albo
Publisher : ReadHowYouWant.com
Page : 250 pages
File Size : 54,8 Mb
Release : 2010-07
Category : Business & Economics
ISBN : 9781458775405

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In and Out of Crisis by Greg Albo Albo Pdf

In this groundbreaking study of the financial meltdown, renowned radical political economists lay bare the roots of the crisis in the inner logic of capitalism itself. Objective and detailed, this account provocatively challenges the call for a return to a largely mythical golden age of economic regulation as a check on finance capital. In addition, it deftly illuminates how the era of neoliberal free markets has been, in practice, under-girded by state intervention on a massive scale. Arguing for genuinely transformative alternatives to capitalism, and discussing how to build the collective capacity to realize these goals, this record is a critique of the crisis and an indispensable springboard for a renewed political left.

Author : Murray E. G. Smith
Publisher : Unknown
Page : 0 pages
File Size : 55,8 Mb
Release : 2011
Category : Electronic
ISBN : 9350021749

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Global Capitalism in Crisis by Murray E. G. Smith Pdf

Author : Geoffrey McCormack,Thom Workman
Publisher : Fernwood Publishing
Page : 134 pages
File Size : 49,8 Mb
Release : 2015-12-01T00:00:00Z
Category : Political Science
ISBN : 9781552667842

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The Servant State by Geoffrey McCormack,Thom Workman Pdf

The global financial and industrial turmoil of recent years has once more brought the crisis-prone nature of the capitalist system to the forefront. In the context of economic stagnation and the retreat of working-class organizations, the rich and powerful around the world have redoubled their attack on the poor through neoliberal policies and austerity measures. In The Servant State, McCormack and Workman explore Canada’s experience through the “age of austerity” and highlight how this experience has been shaped by the exigencies of capitalist development and the catalyzing role of the Canadian state. The analytical standpoint is not that of the oppressed per se, but rather that of capitalism as a whole. They share the condemnation of the capitalist establishment, are appalled by the greed and avarice of the ruling elite and despair at the obscenities of the age; however, the critical spirit of their study is imbued less with a mood of indignation and more with assumptions and sensitivities about the inner tendencies of capitalism and the obliging role of the state. The struggle against contemporary excess and horror, they argue, must be framed with reference to the immuring tendencies of the capitalist order of things.

Author : Richard D. Wolff
Publisher : Haymarket Books
Page : 346 pages
File Size : 45,7 Mb
Release : 2016-05-30
Category : Business & Economics
ISBN : 9781608466559

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Capitalism's Crisis Deepens by Richard D. Wolff Pdf

“The leading socialist economist in the country” explores the roots of the Great Recession and its immense impact on working people (Cornel West). While most mainstream commentators view the crisis that provoked the Great Recession as having passed, these essays from Richard Wolff paint a far less rosy picture. Drawing attention to the extreme downturn in most of capitalism’s old centers, the unequal growth in its new centers, and the resurgence of a global speculative bubble, Wolff—in his uniquely accessible style—makes the case that the crisis should be grasped not as a passing moment, but as an evolving stage in capitalism’s history. Praise for Richard Wolff and Democracy at Work “Probably America’s most prominent Marxist economist.” —The New York Times Magazine “Richard Wolff’s constructive and innovative ideas suggest new and promising foundations for much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly and carried forward. A very valuable contribution in troubled times.” —Noam Chomsky “Wolff offers a rich and much-needed corrective to the views of mainstream economists and pundits. It would be difficult to come away from this with anything but an acute appreciation of what is needed to get us out of this mess.” —Stanley Aronowitz “Bold, thoughtful, transformative—a powerful and challenging vision that takes us beyond both corporate capitalism and state socialism. Richard Wolff at his best!” —Gar Alperovitz

Author : Tim Congdon, CBE
Publisher : Edward Elgar Publishing
Page : 288 pages
File Size : 52,8 Mb
Release : 2017-06-30
Category : Electronic
ISBN : 9781784717834

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Money in the Great Recession by Tim Congdon, CBE Pdf

No issue is more fundamental in contemporary macroeconomics than the causes of the recent Great Recession. The standard view is that the banks were to blame because they took on too much risk, ‘went bust’ and had to be bailed out by governments. But very few banks actually had losses in excess of their capital. The counter-argument presented in this stimulating new book is that the Great Recession was in fact caused by a collapse in the rate of change of the quantity of money. The book’s argument echoes that on the causes of the Great Depression made by Friedman and Schwartz in their classic book A Monetary History of the United States.

Author : T. Balderston
Publisher : Springer
Page : 238 pages
File Size : 51,5 Mb
Release : 2002-12-13
Category : Business & Economics
ISBN : 9780230536685

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The World Economy and National Economies in the Interwar Slump by T. Balderston Pdf

The functioning of the gold standard has recently been at the heart of explanations of the interwar depression, particularly as a result of the research of Professors Barry Eichengreen and Peter Temin. In The World Economy and National Economies in the Interwar Slump the interaction between the gold standard and the Great Depression in seven countries is examined by an international team of economists and economic historians. The editor's introduction critically evaluates the Eichengreen-Temin thesis and Eichengreen and Temin themselves contribute an Afterword.

Author : David Camfield
Publisher : Fernwood Publishing
Page : 108 pages
File Size : 45,7 Mb
Release : 2022-10-25T00:00:00Z
Category : Political Science
ISBN : 9781773635323

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Future on Fire by David Camfield Pdf

Coming in October, 2022. Climate change is already affecting millions of people. Governments talk about taking action to limit global heating to 2 degrees Celsius above pre-industrial levels, but the greenhouse gas emissions allowed by their policies have the Earth on track to heating far more than that by the end of the century - a level of heating that will have truly disastrous consequences. Visionary plans for how to slash emissions and make society better at the same time abound, including various Green New Deals. But how can we make the changes that are so urgently needed? Future on Fire argues that a just transition from fossil fuels and other drivers of climate change will not be delivered by businesspeople or politicians that support the status quo. Nor will electing green left leaders be enough to overcome the opposition of capitalists and state bureaucrats. Only the power of disruptive mass social movements has the potential to force governments to make the changes we need, so supporters of climate justice should commit to building them. Confronting the question — what if heating above 2 degrees becomes unavoidable — and refusing to despair, David Camfield argues that even a ravaged planet is worth fighting for and that ultimately the only solution to the ecological crisis created by capitalism is a transition to ecosocialism.

Author : David McNally
Publisher : BRILL
Page : 309 pages
File Size : 52,6 Mb
Release : 2011-07-12
Category : Political Science
ISBN : 9789004201576

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Monsters of the Market by David McNally Pdf

"Monsters of the Market" investigates modern capitalism through the prism of the body panics it arouses. Examining "Frankenstein," Marx s "Capital" and zombie fables from sub-Saharan Africa, it offers a novel account of the cultural and corporeal economy of global capitalism.

Author : Michael Roberts
Publisher : Haymarket Books
Page : 380 pages
File Size : 41,6 Mb
Release : 2016-09-01
Category : Business & Economics
ISBN : 9781608465071

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The Long Depression by Michael Roberts Pdf

Setting out from an unapologetic Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump.

Author : Steven B. Kamin
Publisher : DIANE Publishing
Page : 62 pages
File Size : 54,5 Mb
Release : 2010
Category : Electronic
ISBN : 9781437939125

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How Did a Domestic Housing Slump Turn into a Global Financial Crisis? by Steven B. Kamin Pdf

Author : Harold James
Publisher : Oxford University Press, USA
Page : 473 pages
File Size : 46,8 Mb
Release : 1987
Category : Germany
ISBN : 0198229852

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The German Slump by Harold James Pdf

The collapse of the German economy in the interwar years provides the most dramatic case-study of a democracy faced with the major economic problems--world recession, instability in international finance, management and labor problems, and unemployment--which resulted in the advent of Nazism. This is the first survey of the German "slump" in English and the first in any language since important archives became available. Arguing that long-term weaknesses caused by structural rigidity, increasingly conservative investment choices, poor labor relations, high taxation, and an inefficient agrarian sector led to economic and political instability, James here shows the connections between long-term weaknesses and particular policy responses in a crucial period of 20th-century European history.

Author : Jimmy Roberts
Publisher : Harper Collins
Page : 262 pages
File Size : 54,7 Mb
Release : 2009-10-06
Category : Sports & Recreation
ISBN : 9780061970900

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Breaking the Slump by Jimmy Roberts Pdf

In Breaking the Slump, NBC golf commentator Jimmy Roberts shares the “slump stories” of some of the greatest professional golfers of all time—from Arnold Palmer, Jack Nicklaus, and Tom Watson to Phil Michelson and Dottie Palmer—offering valuable tips and strategies to help any player overcome that inevitable stretch of absolutely wretched golf.

Author : Guiglelmo Carchedi,Michael Roberts
Publisher : Haymarket Books
Page : 507 pages
File Size : 40,7 Mb
Release : 2018-10-01
Category : Business & Economics
ISBN : 9781608461882

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World in Crisis by Guiglelmo Carchedi,Michael Roberts Pdf

Most mainstream economists view capitalism’s periodic breakdowns are nothing more than temporary aberrations from another wise unbroken path toward prosperity. For Marxists, this fundamental flaw has long been acknowledged as a central feature of the free market system. This groundbreaking volume brings together Marxist scholars from around the world to offer an empirically grounded defense of Marx’s law of profitability and its central role in explaining these capitalist crises. Gugliemo Carchedi has worked at the United Nations in New York and has taught at the University of Amsterdam. Michael Roberts has worked as an economist for over thirty years in the city of London financial center.