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The State of Capitalism
  • Language: en
  • Pages: 543

The State of Capitalism

  • Type: Book
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  • Published: 2023-08-29
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  • Publisher: Verso Books

The health emergency that broke out in 2020 is a landmark event in the development of capitalism, confirming the underlying change signalled by the Great Crisis of 2007-9. The Pandemic Crisis has catapulted the state to the centre of economic activity. However, a historic impasse is steadily becoming apparent at the core of the world economy Productive accumulation is flaccid, as both profitability and labour productivity are weak. Financialisation has entered a new phase, as "shadow banking" grew relative to other banks but is entirely dependent on the state. The power of the state derives from command over fiat money and can certainly deliver enormous boosts to aggregate demand, but that i...

The State of Capitalism
  • Language: en
  • Pages: 385

The State of Capitalism

  • Type: Book
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  • Published: 2023-08-29
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  • Publisher: Verso Books

Thinking beyond pandemic capitalism The health emergency that broke out in 2020 is a landmark event in the development of capitalism, confirming the underlying change signalled by the Great Crisis of 2007-9. The pandemic has catapulted the state to the centre of economic activity. However, a historic impasse is steadily becoming apparent at the core of the world economy Productive accumulation is flaccid, as both profitability and labour productivity are weak. Financialisation has entered a new phase, as “shadow banking” grew relative to other banks but is entirely dependent on the state. The power of the state derives from command over fiat money and can certainly deliver enormous boost...

Chine/États-Unis, le capitalisme contre la mondialisation
  • Language: fr
  • Pages: 455

Chine/États-Unis, le capitalisme contre la mondialisation

Tensions géopolitiques, guerre commerciale, Nouvelles Routes de la soie, course à l'armement dans l'Indopacifique, bataille des semi conducteurs... La montée en puissance de la Chine inquiète, et sa rivalité avec les États-Unis atteint un point de bascule qui bouleverse les équilibres mondiaux. Comment en est-on arrivé là ? Pourquoi ? Si le constat est clair, l'analyse fait cruellement défaut. Tels des somnambules, nous avançons sans vraiment comprendre la déstabilisation du monde qui se joue pourtant sous nos yeux. Dans cette tempête, il est nécessaire de retrouver une boussole. Par l'analyse économico-politique, ce livre élucide les ressorts profonds et les enjeux existenti...

Profiting Without Producing
  • Language: en
  • Pages: 417

Profiting Without Producing

  • Type: Book
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  • Published: 2014-01-14
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  • Publisher: Verso Books

Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. Its most prominent feature is the rise of financial profit, in part extracted from households through financial expropriation. Financialized capitalism is also prone to crises, none greater than the gigantic turmoil that began in 2007. Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance.

Crisis in the Eurozone
  • Language: en
  • Pages: 273

Crisis in the Eurozone

  • Type: Book
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  • Published: 2012-09-11
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  • Publisher: Verso Books

First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the eurozone hard. The hour has come to pay the piper, and ordinary citizens across Europe are growing to realize that socialism for the wealthy means punching a few new holes in their already-tightened belts. Building on his work as a leading member of the renowned Research on Money and Finance group, Costas Lapavitsas argues that European austerity is counterproductive. Cutbacks in public spending will mean a longer, deeper recession, worsen the burden of debt, further imperil banks, and may soon spell the end of monetary union itself. Crisis in the Eurozone charts a cautious path between political economy and radical economics to envisage a restructuring reliant on the forces of organized labour and civil society. The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship will ensue.

Social Foundations of Markets, Money and Credit
  • Language: en
  • Pages: 183

Social Foundations of Markets, Money and Credit

  • Type: Book
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  • Published: 2003-09-04
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  • Publisher: Routledge

The idea that money and its power over the world needs to be demystified, is one that not many people will argue with. This snappy well argued book attempts to do exactly that.

The Jewish Question
  • Language: en
  • Pages: 279

The Jewish Question

Traces the historical rationalizations of anti-Semitism to the fact that, in the centuries preceding the domination of industrial capitalism, Jews emerged as a ?people-class? of merchants, moneylenders, and traders. Leon explains why the propertied rulers incite renewed Jew-hatred in the epoch of capitalism?s decline. "As if his exemplary life wasn't enough, with The Jewish Question Abram Leon left us a piece of work that is an honor to his intellect and honesty. I can't emphasize how much I learned and enjoyed reading it." ?Rene Gonzalez Sehwerert, Dec. 1, 2005 (Rene Gonzalez Sehwerert is one of the ?Cuban Five??revolutionists from Cuba jailed in the U.S. on frameup charges of ?espionage.?)

Cementitious Materials
  • Language: en
  • Pages: 518

Cementitious Materials

Aside from water the materials which are used by mankind in highest quantities arecementitious materials and concrete. This book shows how the quality of the technical product depends on mineral phases and their reactions during the hydration and strengthening process. Additives and admixtures infl uence the course of hydration and the properties. Options of reducing the CO2-production in cementitious materials are presented and numerous examples of unhydrous and hydrous phases and their formation conditions are discussed. This editorial work consists of four parts including cement composition and hydration, Special cement and binder mineral phases, Cementitious and binder materials, and Mea...

Against the Troika
  • Language: en
  • Pages: 145

Against the Troika

  • Type: Book
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  • Published: 2015-02-17
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  • Publisher: Verso Books

A radical anti-capitalist alternative to Eurozone austerity On the 25th January 2015 the Greek people voted in an election of historic importance—not just for Greece but potentially all of Europe. The radical party Syriza was elected and austerity and the neoliberal agenda is being challenged. Suddenly it seems as if there is an alternative. But what? The Eurozone is in a deep and prolonged crisis. It is now clear that monetary union is a historic failure, beyond repair—and certainly not in the interests of Europe’s working people. Building on the economic analysis of two of Europe’s leading thinkers, Heiner Flassbeck and Costas Lapavitsas (a candidate standing for election on Syriza...

Beyond Market-Driven Development
  • Language: en
  • Pages: 240

Beyond Market-Driven Development

  • Type: Book
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  • Published: 2007-04-11
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  • Publisher: Routledge

Because their economies were regulated, their financial systems ‘repressed’ and their states interventionist, for many years the countries of East Asia challenged the Washington consensus, offering an alternative development paradigm. However, in the 1990’s, Asian capitalism was disrupted following Japan’s stagnation and the financial crisis of 1997-98. Treading the unexplored theoretical terrain created by the simultaneous decline of the Washington Consensus and Asian developmentalism, this revealing book analyzes the comparative political economy of East Asia and Latin America. Divided into four key sections, it covers: Theoretical Framework Results of Globalization Converging and Diverging of Paths of Economic Development Finance and Regionalism. Through the juxtaposition of countries in East Asia and Latin America, leading academics analyze the impact of government intervention, institutional malfunction, social transformation and financial change as well as conflict and power on economic development. This book will prove to be invaluable to students and academics of development economics.