Global Capitalist Crisis and the Second Great Depression

Egalitarian Systemic Models for Change

Author: Armando Navarro

Publisher: Lexington Books

ISBN: 0739170163

Category: Business & Economics

Page: 408

View: 4706

This book provides a comprehensive political, economic, and historical analysis of the events and circumstances from the 1920s to 2010 that impacted the rise of today's “Global Capitalist Crises,” Global Economic Crises, and the U.S.'s “Second Great Depression.” It argues that liberal capitalism is a “failed” political and economic system in dire need of “systemic change” into either social democracy or democratic socialism via the creation of a New Movement.
Posted in Business & Economics

Crashed

Wie zehn Jahre Finanzkrise die Welt verändert haben

Author: Adam Tooze

Publisher: Siedler Verlag

ISBN: 3641192773

Category: Business & Economics

Page: 800

View: 6087

Zehn Jahre danach: Der Finanzcrash und seine dramatischen Folgen Als die US-Großbank Lehman Brothers im September 2008 zusammenbrach, war dies der Tiefpunkt der Banken- und Finanzkrise. Und obwohl der totale Kollaps der Weltwirtschaft damals verhindert wurde, ist die Finanzkrise noch lange nicht Geschichte, wie der britische Historiker Adam Tooze zeigt. Er schildert, wie es zu dieser Krise der Finanzmärkte kam und welche dramatischen Folgen sie bis heute hat. Denn nicht nur ist durch die Finanzkrise die Stabilität Europas ins Wanken geraten, sie hat auch das Vertrauen in die Kraft der globalen Wirtschaftsordnung erschüttert – und so zum Aufstieg der Populisten beigetragen.
Posted in Business & Economics

The Global Capitalist Crisis and Its Aftermath

The Causes and Consequences of the Great Recession of 2008-2009

Author: Professor Berch Berberoglu

Publisher: Ashgate Publishing, Ltd.

ISBN: 1472417275

Category: Social Science

Page: 350

View: 7254

Written by a team of experts on the contemporary global capitalist political economy, this ground-breaking volume provides critical analyses of the causes and consequences of the Great Recession of 2008-2009. Through a careful examination of the origin, development and aftermath of the catastrophic economic crisis, editor Berch Berberoglu and his colleagues demonstrate that those most responsible for the economic collapse are the ones least affected by its devastating impact.
Posted in Social Science

The G-20 Summit at Five

Time for Strategic Leadership

Author: Kemal Dervis,Peter Drysdale

Publisher: Brookings Institution Press

ISBN: 0815725922

Category: Business & Economics

Page: 302

View: 885

Can the G-20 become a steering committee for the world's economy? Launched at a moment of panic triggered by the financial crisis in late 2008, the leaders' level G-20 is trying to evolve from crisis committee for the world economy to a real steering group facilitating international economic cooperation. What can and should such a "steering committee" focus on? How important could the concrete gains from cooperation be? How much faster could world growth be? Is there sufficient legitimacy in the G-20 process? How does the G-20 relate to the IMF and the World Bank? How can Australia in 2015, and then Turkey in 2016, chair the process so as to encourage strategic leadership? The East Asian Bureau of Economic Research in the Crawford School of Public Policy at the Australian National University and the Global Economy and Development program at the Brookings Institution joined forces in putting together this volume and asked opinion leaders and policymakers from G-20 countries to provide their independent perspectives. Contributors include Colin Bradford (Brookings), Peter Drysdale (Australian National University), Kemal Dervis (Brookings), Andrew Elek (Australian National University), Ross Garnaut (University of Melbourne), Huang Yiping (China Center for Economic Research), Bruce Jones (Brookings), Muneesh Kapur (IMF), Homi Kharas (Brookings), Wonhyuk Lim (Korea Development Institute), Rakesh Mohan (IMF), David Nellor (consultant, Indonesia), Yoshio Okubo (Japan Securities Dealers Association), Mari Pangestu (Republic of Indonesia), Changyong Rhee (former Asian Development Bank), Alok Sheel (Government of India), Mahendra Siregar (Republic of Indonesia), Paola Subacchi (Chatham House, London), Carlos Vegh (Brookings), Guillermo Vuletin (Brookings), and Maria Monica Wihardja (World Bank).
Posted in Business & Economics

Mexicano and Latino Politics and the Quest for Self-Determination

What Needs to Be Done

Author: Armando Navarro

Publisher: Lexington Books

ISBN: 0739197363

Category: Political Science

Page: 670

View: 4910

This book critically examines the current status of Mexicano and Latino Politics in the United States and how both represent a dysfunctional and failed mode of politics. Two change models are provided as alternatives: Aztlán’s Politics of a Nation-Within-a-Nation (APNWN) and Aztlán’s Politics of Separatism (APS).
Posted in Political Science

Business as usual

Krise und Scheitern des Kapitalismus - Nautilus Flugschrift

Author: Paul Mattick

Publisher: N.A

ISBN: 3864380723

Category: Business & Economics

Page: 160

View: 9238

Die derzeitige Wirtschaftskrise ist die Folge eines aus den Fugen geratenen Finanzkapitalismus, so der allgemeine Konsens, verschärft durch hohe Verschuldung und verantwortungslose Spekulation. Man gibt die Schuld dem wachsenden Ungleichgewicht zwischen Ländern mit geringen Investitionen und hohem Konsumniveau wie den USA und sich schnell entwickelnden Wirtschaftsregionen wie China und Südasien. In Business as usual erklärt Paul Mattick die aktuelle Lage verständlich und gänzlich jargonfrei. Er stellt sie in Zusammenhang mit der Weltwirtschaft seit dem Zweiten Weltkrieg und vor allem in den Zyklus von Krise und Erholung, wie er den Kapitalismus seit dem frühen 19. Jahrhundert charakterisiert. Die heutige Krise ist Symptom eines von enormer Profitgier getriebenen Kapitalismus. Mattick macht die Grenzen jeglicher Versuche der Politik, die Wirtschaft zu beeinflussen und zu stabilisieren, deutlich. Er legt dar, dass die heutige Rezession nicht eine Folge der Finanzkrise ist, sondern ein Merkmal der wahren Natur des sozialen und wirtschaftlichen Systems, in dem wir leben. Wer dieses Buch gelesen hat, kann nicht mehr an Rettungsschirme glauben.
Posted in Business & Economics

Postkapitalismus

Grundrisse einer kommenden Ökonomie

Author: Paul Mason

Publisher: Suhrkamp Verlag

ISBN: 351874478X

Category: Political Science

Page: 500

View: 4557

Drei Dinge wissen wir: Der Kapitalismus hat den Feudalismus abgelöst; seither durchlief er zyklische Tiefs, spätestens seit 2008 stottert der Motor. Was wir nicht wissen: Erleben wir eine der üblichen Krisen oder den Anbruch einer postkapitalistischen Ordnung? Paul Mason blickt auf die Daten, sichtet Krisentheorien – und sagt: Wir stehen am Anfang von etwas Neuem. Er nimmt dabei Überlegungen auf, die vor über 150 Jahren in einer Londoner Bibliothek entwickelt wurden und laut denen Wissen und intelligente Maschinen den Kapitalismus eines Tages »in die Luft sprengen« könnten. Im Zeitalter des Stahls und der Schrauben, der Hierarchien und der Knappheit war diese Vision so radikal, dass Marx sie schnell in der Schublade verschwinden ließ. In der Welt der Netzwerke, der Kooperation und des digitalen Überflusses ist sie aktueller denn je. In seinem atemberaubenden Buch führt Paul Mason durch Schreibstuben, Gefängniszellen, Flugzeugfabriken und an die Orte, an denen sich der Widerstand Bahn bricht. Mason verknüpft das Abstrakte mit dem Konkreten, bündelt die Überlegungen von Autoren wie Thomas Piketty, David Graeber, Jeremy Rifkin und Antonio Negri und zeigt, wie wir aus den Trümmern des Neoliberalismus eine gerechtere und nachhaltigere Gesellschaft errichten können.
Posted in Political Science

Crises of Global Economy and the Future of Capitalism

An Insight into the Marx's Crisis Theory

Author: Kiichiro Yagi,Nobuharu Yokokawa,Hagiwara Shinjiro,Gary Dymski

Publisher: Routledge

ISBN: 1135101655

Category: Business & Economics

Page: 296

View: 2886

Recent events in the global financial markets and macro economies have served as a strong reminder for a need of a coherent theory of capitalist crisis and analysis. This book helps to fill the gap with well-grounded alternative articulations of the forces which move today's economic dynamics, how they interact and how ideas of foundational figures in economic theory can be used to make sense of the current predicament. The book presents a comprehensive collection of reflections on the origins, dynamics and implications of the interlinked crises of the U.S. and global economies. The book is a thoughtful collaboration between Japanese heterodox economists of the Japan Society of Political Economy (JSPE) and non-Japanese scholars. It provides a unique immersion in different, sophisticated approaches to political economy and to the crisis. The book illustrates with the understanding of Marx's crisis theory and how it can serve as a powerful framework for analyzing the contemporary sub-prime world crisis. The book explains the subprime loan crisis as a crisis in a specific phase of the capitalist world system and concludes that it is a structural one which destroys the existing capital accumulation regime. It pays attention to structural changes and to how these changes beget profound and controversial consequences. The result is a must-read - one which truly contributes to the resurgence of radical analyses of the political economy, free from the market optimism of the main-stream economics.
Posted in Business & Economics

Latin America and Global Capitalism

A Critical Globalization Perspective

Author: William I. Robinson

Publisher: JHU Press

ISBN: 0801896363

Category: Political Science

Page: 444

View: 5446

This ambitious volume chronicles and analyzes from a critical globalization perspective the social, economic, and political changes sweeping across Latin America from the 1970s through the present day. Sociologist William I. Robinson summarizes his theory of globalization and discusses how Latin America’s political economy has changed as the states integrate into the new global production and financial system, focusing specifically on the rise of nontraditional agricultural exports, the explosion of maquiladoras, transnational tourism, and the export of labor and the import of remittances. He follows with an overview of the clash among global capitalist forces, neoliberalism, and the new left in Latin America, looking closely at the challenges and dilemmas resistance movements face and their prospects for success. Through three case studies—the struggles of the region's indigenous peoples, the immigrants rights movement in the United States, and the Bolivarian Revolution in Venezuela—Robinson documents and explains the causes of regional socio-political tensions, provides a theoretical framework for understanding the present turbulence, and suggests possible outcomes to the conflicts. Based on years of fieldwork and empirical research, this study elucidates the tensions that globalization has created and shows why Latin America is a battleground for those seeking to shape the twenty-first century’s world order. -- Sean Burges
Posted in Political Science

Socialism: The Only Practical Alternative to Contemporary Capitalism

The Only Practical Alternative to Contemporary Capitalism

Author: Tatah Mentan

Publisher: African Books Collective

ISBN: 995672789X

Category: Political Science

Page: 254

View: 6820

Since the end of World War II, global capitalism, spearheaded by US financial interests and backed by the most lethal military force that has ever been assembled, has consolidated its power over the world economy. In the past decades, especially, transnational corporations have tightened their control over national governments and international institutions. The imposition of free trade policies and the increasing privatization of social services have facilitated the accumulation of fabulous wealth for the owners of capital at the expense of working people and the environment worldwide. Contemporary capitalism now dominates every major sector of the world economy. The social and environmental costs of contemporary capitalism are prohibitive. The global megatrends of rising inequality and absolute poverty, political instability, and global climate change-all compounded and accelerated by this predatory mode of production-are adversely affecting the lives and threatening the future of every inhabitant of nations and the entire world. In view of these megatrends and the current global economic crisis, the conclusion that contemporary capitalism does not serve the interests of the vast majority of the people on the planet and is both economically and environmentally unsustainable, is self-evident. History offers harsh lessons. The political violence of the 20th century, which resulted in an estimated 200 million deaths and untold economic and environmental destruction, cautions us to work for socialism in the 21st century with every means at our disposal except violence. Facing the awful power and willingness of capitalism to coerce and corrupt, we must find ways to make soft power prevail. Clearly, a revolution is in order-it is time to place the socialist alternative on the national and world agenda.
Posted in Political Science

POLITICAL ECONOMY, CRISIS AND DEVELOPMENT (POLİTİK İKTİSAT, KRİZ VE KALKINMA)ma)

Author: Ismail Şiriner,Farhang Morady,Murat Aydın,Şevket Alper Koç,Emrah Doğan, Hakan Kapucu,Farhang Morady,,Cyrus Bina,Mike O’Donnell,Özlem Arzu Azer - Hüseyin Tamer Hava,Murad Tiryakioğlu,Ömer Tuğsal Doruk,Vladimír Čubok,Dana Šrámková,Volkan Öngel,Füsun Çelebi,Sıdıka Akdeniz,Özgür Öztürk,Orhan Çoban,Nihat Doğanalp,Erkan Tokucu,Zekayi Kaya,Eren Çaşkurlu,Cem Barlas Arslan,Sadi Uzunoğlu,Gökhan Sönmezler,Ahmet Atakişi,Sibel Çaşkurlu,Betül Urhan,Hakkı Cenk Erkin,Halil Emre Deniş,Ayşegül Kanbak,Nihal Şirin Pınarcıoğlu,Makbule Şiriner Önver,Şükrü Aslan,Emine Tahsin,Levent Dölek,Mustafa Doğan

Publisher: IJOPEC Publication

ISBN: 0956825613

Category:

Page: 490

View: 6291

Kriz ve kalkınmanın, tarihsel bir yaklaşımla ve ekonomi politikalarındaki değişim süreci ile birlikte ele alınması ve analiz edilmesi hem krizi anlamak, hem de ekonomik sistemin yeniden üretim mekanizmalarını kavramak için gerekli görülmektedir. Bu bağlamda kitap, yaşanan kriz, istikrar, kalkınma ve büyüme süreçlerinin dinamiklerini çözümlemeye yönelmiş ve bu dinamikler bankacılıktan sanayiye, teknoloji kullanımından esnek emek örgütlenmesine, ihracata yönelik büyüme stratejilerinden iktisadi bağımlılık ilişkilerine kadar uzanmaktadır. Sürecin, gerek akademik / kuramsal, gerekse siyasal / hegemonik / ideolojik düzeylerde değerlendirilmesi kitapta yer alan çalışmaların seçiminde öncelikle yer almıştır.
Posted in

Marxism and the Global Financial Crisis

Author: Hillel Ticktin

Publisher: Routledge

ISBN: 1317985613

Category: Business & Economics

Page: 184

View: 700

The book discusses the nature of Marxist theory of crisis and applies it to the global financial crisis which began in 2007. Is the contemporary crisis simply the usual periodic upturn and downturn or is there something more fundamental? Is there a structural crisis of capitalism, from which there is no immediate solution? Is capitalism managed and does it have a strategy? Is the financial crisis representative of a failure in capitalism itself to subject banks and other financial institutions to the overall economy? The book discusses Marx’s view on crises, as well as ideas on money and finance. It considers the different modern Marxist ideas on the causes of crises – falling rate of profit, disproportionality and underconsumption. It goes into detail as to the nature of the present crisis, its course and causes in a spirited and independent manner. Apart from the United States, it considers the situation in the two countries, in which protests erupted: Iran and Greece. They are taken as examples of the effect of the crisis on the country, the society and the economy as well as its politics. This book was originally published as a special issue of Critique.
Posted in Business & Economics

Global capitalism and American empire

Author: Leo Panitch,Sam Gindin

Publisher: Merlin Pr

ISBN: 9780850365429

Category: Political Science

Page: 89

View: 1174

The unconcealed imperial face that the United States is now prepared to show to the world above all pertains to the increasing difficulties of managing a truly global informal empire. How to refashion all the states of the world so that they become at least minimally adequate for the administration of global order is now the central problem for the American state.
Posted in Political Science

The Crisis of Neoliberalism

Author: Gérard Duménil,Dominique Lévy

Publisher: Harvard University Press

ISBN: 0674059301

Category: Business & Economics

Page: 400

View: 5024

This is a work of empirical economics, in which Dumenil and Levy adduce a wide range of evidence to argue that capitalism has entered a phase characterized by rapid technological change, increasing returns to capital, and financial instability. While the authors focus on the interpretation of contemporary capitalism, they also integrate an historical perspective, showing that in the immediate post-World-War II era from 1945 till 1975, now considered a golden age of capitalism in which economic growth was high, inflation low, and income inequality decreasing, returns to capital decreased. In the 1970s this trend reversed, and real interest rates started rising, returns to capital increased, and income inequality widened. This cycle occurred in earlier eras, including one that began in the late nineteenth century and ended in The Great Depression. The authors argue that the similarity between the late nineteenth early 20th century and the past two decades is remarkable. Following the depression of the 1890s, more favorable profitability trends were established as a result of the managerial revolution, in the context of the original assertion of the political and economic hegemony of finance. This course of capitalism culminated in The Great Depression. Will the second hegemony of finance end as the first one did in collapse? The authors do not conclude that a crisis similar to the Great Depression is on the agenda, but a major adjustment will be required. Whether it is a new phase of neoliberalism or a new distinct social order is an open question.
Posted in Business & Economics

The Global Economic Crisis

New Perspectives on the Critique of Economic Theory and Policy

Author: Emiliano Brancaccio,Giuseppe Fontana

Publisher: Routledge

ISBN: 113672415X

Category: Business & Economics

Page: 320

View: 3429

Why did the economists of the so-called "mainstream" seem to fail to foresee the global economic crisis that exploded in 2008? And why do they appear to have difficulty in putting forward an interpretation of it that is consistent with the theoretical foundations of their models? These two questions have echoed insistently since the outbreak of the crisis, not only in academic circles but also in the mass media, and appear to reflect increasingly widespread dissatisfaction with the dominant paradigm of economic theory. Many believe that the global recession now underway may constitute an historic watershed for the evolution of economics and therefore that an authentic change of paradigm is called for, rather than only minor adjustments to the dominant approach. Since the start of the crisis, there has indeed been a profusion of contributions from alternative areas of economic study, and in particular from those adopting a critical stance with respect to mainstream economic theory. This collection puts forward promising reinterpretations of the primary schools of heterodox political economy, stringent critiques of the conventional readings of the recession, new schemes of theoretical and empirical analysis of the crisis, and proposals for economic policies alternative to those hitherto adopted. This book contains a selection of some of the most recent contributions to the critique of mainstream economic theory and policy, and discusses the origins and possible evolutions of the current economic crisis. The collection should be of interest to students and researchers focussing on macroeconomics, monetary economics, political economy and financial economics.
Posted in Business & Economics

Capitalism

Author: Paul Bowles

Publisher: Routledge

ISBN: 1317860810

Category: History

Page: 184

View: 9074

Capitalism stands unrivalled as the most enduring economic system of our times. Since the collapse of the Soviet bloc the world has become a new stage for capital, and yet despite this dominance capitalism is still not widely understood. It remains a subject of enduring interest that is discovered and rediscovered over time by each successive generation of students. Exploring the life of this world-shaping system and the writings of leading thinkers, this study also now takes into account recent developments, including the impact of the Global Financial Crisis and the complexities of China’s political economy. Paul Bowles addresses these key questions: - what are the central, unchanging features of capitalism? - how does capitalism vary from place to place and over time? - does capitalism improve our lives? - is capitalism a system which is ‘natural’ and ‘free’? Or is it unjust and unstable? - what about today’s global capitalism? - will capitalism destroy or liberate us? This updated edition of a classic text is now supported by a comprehensive documents section, chronology and who’s who, as well as a new colour plate section. It offers a concise, lucid and thought-provoking introduction for undergraduate students or anyone with an interest in this most pervasive, long lasting and adaptable yet crisis-ridden of economic systems.
Posted in History

Public Law and Private Power

Corporate Governance Reform in the in the Age of Finance Capitalism

Author: John W. Cioffi

Publisher: Cornell University Press

ISBN: 9780801449048

Category: Business & Economics

Page: 287

View: 4942

Cioffi argues that highly politicized reform of corporate governance law has reshaped power relations within the public corporation in favor of financial interests, contributed to the profound crises of capitalism, and eroded its political foundations.
Posted in Business & Economics

Das Kapital im 21. Jahrhundert

Author: Thomas Piketty

Publisher: C.H.Beck

ISBN: 3406671322

Category: Business & Economics

Page: 816

View: 7185

Wie entstehen die Akkumulation und die Distribution von Kapital? Welche Dynamiken sind dafür maßgeblich? Fragen der langfristigen Evolution von Ungleichheit, der Konzentration von Wohlstand in wenigen Händen und nach den Chancen für ökonomisches Wachstum bilden den Kern der Politischen Ökonomie. Aber befriedigende Antworten darauf gab es bislang kaum, weil aussagekräftige Daten und eine überzeugende Theorie fehlten. In Das Kapital im 21. Jahrhundert analysiert Thomas Piketty ein beeindruckendes Datenmaterial aus 20 Ländern, zurückgehend bis ins 18. Jahrhundert, um auf dieser Basis die entscheidenden ökonomischen und sozialen Abläufe freizulegen. Seine Ergebnisse stellen die Debatte auf eine neue Grundlage und definieren zugleich die Agenda für das künftige Nachdenken über Wohlstand und Ungleichheit. Piketty zeigt uns, dass das ökonomische Wachstum in der Moderne und die Verbreitung des Wissens es uns ermöglicht haben, den Ungleichheiten in jenem apokalyptischen Ausmaß zu entgehen, das Karl Marx prophezeit hatte. Aber wir haben die Strukturen von Kapital und Ungleichheit andererseits nicht so tiefgreifend modifiziert, wie es in den prosperierenden Jahrzehnten nach dem Zweiten Weltkrieg den Anschein hatte. Der wichtigste Treiber der Ungleichheit – nämlich die Tendenz von Kapitalgewinnen, die Wachstumsrate zu übertreffen – droht heute extreme Ungleichheiten hervorzubringen, die am Ende auch den sozialen Frieden gefährden und unsere demokratischen Werte in Frage stellen. Doch ökonomische Trends sind keine Gottesurteile. Politisches Handeln hat gefährliche Ungleichheiten in der Vergangenheit korrigiert, so Piketty, und kann das auch wieder tun.
Posted in Business & Economics

The Changing Forms of Identity Politics in Nigeria Under Economic Adjustment

The Case of the Oil Minorities Movement of the Niger Delta

Author: C. I. Obi

Publisher: Nordic Africa Institute

ISBN: 9789171064714

Category: Social Science

Page: 125

View: 567

Publication of the research programme "Political and social context of structural adjustment in Sub-Saharan Africa".
Posted in Social Science

A Political Geography of Latin America

Author: Jonathan R. Barton

Publisher: Routledge

ISBN: 1134828063

Category: Science

Page: 259

View: 9734

The nation-states and peoples of South and Central America, Cuba, Haiti and the Dominican Republic, that together form the political geographical region of Latin America, encompass a wide range of societies, politics and economies. This text exposes the differences between places, regions and countries, individuals and societies, offering an invaluable insight into the themes of political and economic development, and provides a guide to understanding power and space relations. From the Antarctic to the tropical jungles, the coastal communities to the highland villages, the mega-cities to isolated rural existence, the political geographies of lives, localities, cities and rurality are too sophisticated to be subjected to generalizations. Adopting a critical human geography perspective, Jonathon Barton provides an understanding of similarities, difference and sophisticated human geographies.
Posted in Science