Written by a team of experts on the contemporary global capitalist political economy who are able to shed light on the inner workings of global capitalism and the capitalist globalization process that has led to the growth and development of capitalism from the national to the global level, this groundbreaking 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 from which the world is still trying to recover, editor Berch Berberoglu and his colleagues demonstrate that those most responsible for the economic collapse are the ones least affected by its devastating impact felt most severely by working people around the world. Ultimately, this book argues that it is only through the systematic restructuring of the world economy by the working class that society will be able to prevent the boom and bust cycle of global capitalist crises and usher in a more egalitarian socialist economy and society.
Table of Contents
Contents: Preface; Introduction: the global capitalist crisis and its aftermath on a world scale, Berch Berberoglu; The contours of the Marxist debate on the global capitalist crisis, David Thurston Martin; The global capitalist crisis: its origins, dynamics and impact on the United States, Berch Berberoglu; ‘The Great Recession’ of 2008 and the continuing global capitalist crisis, William I. Robinson; The global financial crisis: a crisis of capital or for labor?, James Petras and Henry Veltmeyer; The global capitalist crisis and the 2008 financial meltdown in the United States, Levin Welch; The impact of the global capitalist crisis on the Eurozone, David L. Elliott; Japan’s long stagnation and the global capitalist crisis: the onset of inter-state rivalry?, Bill Lucarelli; The continuing global capitalist crisis and the transition to state-neoliberalism in China, Alvin Y. So; Russia and the global capitalist crisis, David M. Kotz; Latin America and the epochal crisis of capitalism, Luis Arizmendi and Gordon Welty; ‘Africa rising’ or Africans uprising? The impact of the global capitalist crisis on Africa, Patrick Bond; The structural crisis of global capitalism and the prospects for world revolution in the twenty-first century, Chris Chase-Dunn and Anthony Roberts; The global capitalist crisis and the end of empire, Martin Orr; Conclusion: the global capitalist crisis and class struggle, Berch Berberoglu; Select bibliography; Index.