Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.
To get the free app, enter your mobile phone number.
Global Slump: The Economics and Politics of Crisis and Resistance (Spectre) Paperback – December 9, 2010
|New from||Used from|
Frequently Bought Together
Customers Who Bought This Item Also Bought
About the Author
If you buy a new print edition of this book (or purchased one in the past), you can buy the Kindle edition for only $1.99 (Save 80%). Print edition purchase must be sold by Amazon. Learn more.
For thousands of qualifying books, your past, present, and future print-edition purchases now lets you buy the Kindle edition for $2.99 or less. (Textbooks available for $9.99 or less.)
Top Customer Reviews
Dr. McNally believes the 2008 crash exposed the falsehood of the self-correcting market theory which had heretofore been the guiding principle of neoliberalism. Although the powerful have variously blamed the problem on misguided government, rogue traders or gullible homeowners, Dr. McNally explains how the evisceration of $35 trillion in wealth was really the product of an inscrutably opaque market of derivatives trading built upon a hollowed-out economy: just the sort of speculative phenomenon that one might expect to occur during the late phase of the business cycle.
On that point, Dr. McNally displays a masterful command of Marxist economics to show how U.S. economic history evolved from the mid 20th century forward. Dr. McNally explains how capitalism's inherent destabilizing tendencies compelled the U.S. (like others before it) to squander its surplus wealth on empire building; however, the U.S.' failure to adequately reinvest in people and industry resulted in a loss of competitiveness and aggregate consumer purchasing power.Read more ›