Capitalist Crisis and the Politics of Recession
In 2007 a series of events struck the economy like an earthquake. Leading academic Andrew Gamble provides a lively and readable guide to the events and consequences of the current global economic and political crises. He sets the crisis in historical context, explains why it has happened, analyses the global cost and assesses possible solutions.
After a long feast of prosperity in the western world, the crisis in the financial markets has conjured up an old spectre -- the spectre of capitalist crisis, which many thought had been finally exorcised. On past experience, a full-blown capitalist crisis would bring with it the threat of slump, collapse, polarisation, conflict, and even war, spreading to all parts of the global economy - hence the great efforts being made to contain the present downturn. This important new book by a leading authority sets the financial crisis of 2007/8 in historical context and assesses its global consequences, how far it might go, and what is to be done.
Introduction: The Road to Excess From Boom to Bust Crises of Capitalism Globalization and neo-liberalism The Politics of Recession The Global Impact What is to be Done?