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Globalisation is considered a success story. Following the fall of the Berlin Wall and the dissolution of the political divides between East and West Germany, nothing seemed to stand in the way of peaceful cooperation between people everywhere. Under the precepts of economic liberalism, by removing institutional obstacles to international trade and capital flows, a spontaneous global order would emerge, and the dream of a world populated by free and prosperous global citizens would eventually come true.But in the wake of the worldwide financial crisis that began in 2007-2008, in the world of an ongoing Euro-Crisis, Trump and Brexit, it has become apparent that the great liberal project has f...
The crisis of the neoliberal order has resuscitated a political idea widely believed to be consigned to the dustbin of history. Brexit, the election of Donald Trump, and the neo-nationalist, anti-globalisation and anti-establishment backlash engulfing the West all involve a yearning for a relic of the past: national sovereignty.In response to these challenging times, economist William Mitchell and political theorist Thomas Fazi reconceptualise the nation state as a vehicle for progressive change. They show how despite the ravages of neoliberalism, the state still contains resources for democratic control of a nation's economy and finances. The populist turn provides an opening to develop an ambitious but feasible left political strategy.Reclaiming the State offers an urgent, provocative and prescient political analysis of our current predicament, and lays out a comprehensive strategy for revitalising progressive economics in the 21st century.
Contending that empire is alive and well in the world's monetary systems, God and Money explores the theological-ethical implications of money as a social relation with others and to God. Wariboko argues that financial globalization requires a denationalized single global curr...
Based on research commissioned by the European Parliament, this volume allows the economists contributing to offer their own explanations for the collapse of the European Monetary System, with the use of economic models.
In Economic Reform Now , some of the world's leading economists issue a strong warning on the grave errors that are threatening to force the global economy over the brink. As Europe moves closer to economic disaster, and America fights double-digit unemployment, this is a must-read for policy makers and those concerned with the economy.
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's list), Against the Troika is the first book to propose a strategi...
This volume examines why the 2008 financial crisis with the subsequent Great Recession did not foster a major institutional transformation of the capitalist market economy. It highlights the role of ideas and public discourse in explaining institutional stability and change in the wake of economic crises and other critical junctures. Examining legitimation discourse in four OECD countries (Germany, Switzerland, the United Kingdom and the United States) between 1998 and 2011, the contributions to the volume use different text-analytical methods to bring out the ideas that underpin affirmative and critical media discourse on the capitalist regime. Individual chapters focus on the contours and ...
With the end of the 'East-West' conflict in 1990, an entirely new constellation seemed to emerge for the first time in the history of mankind. This was perceived by the power elite in the USA as a useful challenge to lend its - until then territorially restricted - hegemony a global dimension. From the perspective of the US elites (Francis Fukuyama), a period of indefinite American control over the rest of the world, in which there would be no more scope for potential rivals to emerge, would characterize the end of history. But some years later, the USA had to accept that the dual hegemony it had built up together with the Soviet Union was fundamental to the continued existence of American h...
"Greece What is to be done" analyzes the Greek debt crisis, the multilateral austerity countermeasures, and offers alternatives to the socioeconomic destruction of Greece and the Eurozone. ,
In The Darker Nations, Vijay Prashad provided an intellectual history of the Third World and told the story of the rise and fall of the Non-Aligned Movement. With The Poorer Nations, Prashad takes up the story where he left it. Since the ’70s, the countries of the Global South have struggled to express themselves politically. Prashad analyzes the failures of neoliberalism, as well as the rise of the BRIC countries, the Group of 12, the World Social Forum, the Latin American revolutionary revival—in short, all the efforts to create alternatives to the neoliberal project advanced militarily by the US and its allies, among whom number the IMF, the World Bank, the WTO, and other economic instruments of the powerful.A true global history, The Poorer Nations is informed by interviews with leading players such as senior UN officials, as well as Prashad’s pioneering research into archives of the Julius Nyerere–led South Commission.