The Road to Global Debt Supremacy: How Finance Swallowed Democracy

'Political economist Jerome Roos explains how sovereign debt swallowed global politics -- as US policy makers unleashed credit to address a 1970s crisis of profitability, the demands of capital pushed the power of creditors ahead of democratic controls worldwide, triggering a generation of political and economic disasters that must be challenged by renewed (and new) institutions empowering democratic power over finance.'  Roos is author of Why Not Default? The Political Economy of Sovereign Debt from Princeton University Press.' -- This is Hell!