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In and Out of Crisis: The Global Financial Meltdown and Left Alternatives
In this groundbreaking study of the financial meltdown, renowned radical political economists lay bare the roots of the crisis in the inner logic of capitalism itself. Objective and detailed, this account provocatively challenges the call for a return to a largely mythical golden age of economic regulation as a check on finance capital. In addition, it deftly illuminates h ...more
Paperback, 144 pages
Published March 5th 2010 by PM Press
(first published January 1st 2010)
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This slim volume is an invaluable guide to the sources and effects of the recent economic crisis; a Marxist analysis of the role of the state in contemporary capitalism; a critique of progressive responses to the crisis that fail to properly understand the relationship between state and market; a diagnosis of the weaknesses of the labor movement and the left; and a prescription for left renewal in the years ahead. Anyone involved in progressive and left politics needs to read and discuss this bo ...more
this is a fantastic little book! it could (and should) be read as a perspectives type document for the left. and it gets right what a lot of left perspectives got wrong - namely that the economic crisis that started in 2007 did not signal the end of neo liberalism. this singular mistake (which was made by a lot of people) lead to a lot of wrong conclusions and wrong ideas for what was possible after the election of obama. the book backs up the claim that neo liberalism didn't go away by explaini ...more
An excellent treatment of the causes and development of the current jobs crisis affecting the working class in the United States. But more than that, this book offers some trenchant critiques of the failure of the left to imagine any genuine systemic reform coming out of this crisis, as well as some proposed practical ways forward for a left agenda. Highly recommended.