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Global Slump

The Economics and Politics of Crisis and Resistance

ISBN-13: 9781604860658

Author(s): David McNally

Subjects: KC

Publisher: Pm Press

Publisher Imprint: Pm Press E Books

Publication Date: 18-11-2010

Format: Ebook

Availability: In stock

£8.99
Global Slump

About the book

McNally analyses the global financial crisis as the first systematic crisis of the neo-liberal stage of capitalism and argues that far from having ended, the crisis has ushered in a new period of worldwide economic and political turbulence. Taking crisis as a fundamental feature of capitalism, he challenges the common view that its source lies in financial deregulation. Whilst averting a complete meltdown, the intervention by central banks laid the basis for recurring crises for poor and working class people. McNally also traces the new patterns in anti-capitalist action.