Global Slump The Economics and Politics of Crisis and Resistance

ISBN-10: 1604863323
ISBN-13: 9781604863321
Edition: 2010
Authors: David McNally
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Description: Investigating the global financial meltdown as the first systemic crisis of the neoliberal stage of capitalism, this analysis argues that--far from having ended--the crisis has ushered in a period of worldwide economic and political turbulence. In  More...

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Book details

List price: $17.00
Copyright year: 2010
Publisher: PM Press
Publication date: 12/9/2010
Binding: Paperback
Pages: 236
Size: 5.25" wide x 8.25" long x 0.75" tall
Weight: 0.594
Language: English

Investigating the global financial meltdown as the first systemic crisis of the neoliberal stage of capitalism, this analysis argues that--far from having ended--the crisis has ushered in a period of worldwide economic and political turbulence. In developing an account of the crisis as rooted in fundamental features of capitalism, this study challenges the view that capitalism's source lies in financial deregulation, and highlights the emergence of new patterns of world inequality and new centers of accumulation, particularly in East Asia, and the profound economic instabilities these have produced. This original account of the "financialization" of the world economy during this period explores the intricate connections between international financial markets and new forms of debt and dispossession. Analyzing the massive intervention of the world's central banks to stave off another Great Depression, this study 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 cuts in social programs. Taking 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, this book 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 anticapitalist opposition to the damage that neoliberal capitalism is inflicting on the lives of millions.

David McNally has enjoyed an extensive international business career and is among an elite group of recipients-only 186-of the Council of Peers Award for Excellence (CPAE) Speaker Hall of Fame by the National Speakers Association (NSA). David is also a bestselling author and an award-winning film producer. He is the author of the bestselling "Even Eagles Need a Push: Learning to Soar in a Changing World" and "The Eagle's Secret: Success Strategies for Thriving at Work and in Life."   Karl D. Speak consults and speaks on brand management issues with companies and organizations globally. At the foundation of his experience and knowledge are his activities connected with Beyond Marketing Thought, the company he founded in 1984. Under Karl's direction, Beyond Marketing Thought, now rebranded as Brand Tool Box, has broadened its consulting practice to include a flourishing training business with a wide range of corporate clients, such as Honeywell, Target Corporation, American Airlines, Federal Express, ING, IBM, US Bank, Pillsbury Company, AT&T, Motorola, Skandia, The Scotts Company, The Wall Street Journal, 3M, and Sony. Karl holds a Masters Degree in Economics from the University of Minnesota.

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