The great credit crash
The dominant accounts of the current financial crisis--focussing on the lack of regulation, out-of-control markets and irresponsible speculation--have not offered us much beyond the kind of information that we can glean from newspaper headlines. This book, drawing on some of the most prominent radical analysts of the system, from Walden Bello to Barbara Ehrenreich, digs deeper, foregrounding the key questions that are still waiting to be asked. Viewing the crisis as a product of the social order that was built during the era of neoliberal capitalism, it presents a more complete and convincing account of its origins, development and consequences. The contributors assess current events and political responses, critically examining official rhetoric and hegemonic narratives to point the way to an understanding of the crisis beyond the subprime headlines.
Contributors: Walden Bello â€¢ Dick Bryan â€¢ Gary Dymski â€¢ Barbara Ehrenreich â€¢ Sam Gindin â€¢ Peter Gowan â€¢ Michael Hudson â€¢ James Livingston â€¢ Scott MacWilliam â€¢ Johnna Montgomerie â€¢ Anastasia Nesvetailova â€¢ Ronen Palan â€¢ Leo Panitch â€¢ Nomi Prins â€¢ Mike Rafferty â€¢ Susanne Soederberg â€¢ Henry Veltmeyer
34 pages matching decades in this book
Results 1-3 of 34
What people are saying - Write a review
We haven't found any reviews in the usual places.
accumulation American assets Bear Stearns Bernanke billion boom borrowers bubble capitalist CDOs central banks China collapse Congress consumer corporate countries created Credit Crunch credit default swaps current crisis debt decades default deficit Democratic dollar economic economists elites equity European exports Fannie Mae Fed's Federal Reserve Financial Crisis financial institutions financial markets financial system firms foreign Freddie Mac Gilded Age global capitalism global financial Goldman Sachs growth GSEs hedge funds households housing income increased industrial interest rates International investment banks investors labor Latvia Latvia's lenders levels leverage liquidity loans Mae and Freddie meltdown neoliberal NIFA Obama organized Paulson Put percent Political Economy production profits reforms regulation regulatory risk role sector securities securitization shift SIVs social speculation structural structured investment vehicles Subprime Crisis subprime lending subprime meltdown subprime mortgage trade transnational Treasury trillion wages Wall Street Washington York