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Socialists and the Capitalist Recession & 'The Basic Ideas of Karl Marx' (Paperback)
Loot Price: R200
Discovery Miles 2 000
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Socialists and the Capitalist Recession & 'The Basic Ideas of Karl Marx' (Paperback)
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Loot Price R200
Discovery Miles 2 000
Expected to ship within 12 - 17 working days
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The credit crunch of 2008 produced an international recession in
2009. In this volume Claudio Katz and Michel Husson, both fellows
of the International Institute for Research and Education, and
Raphie de Santos lead an attempt not to only to describe the
present crisis, but also to understand its causes and debate
socialist solutions. Sean Thompson shows how neoliberal
globalisation has an inbuilt tendency towards deflation. As
explained in the article by Franois Sabado, the period since the
turn of the century has been a disaster for American capitalism;
first the catastrophe in Iraq and of the Bush government in
general, and now an economic collapse that has completely
undermined neoliberalism's 'Washington Consensus'. The ideologues
of capitalism are on the defensive. But the Marxist explanation of
the crisis has to be hammered home. Who caused this crisis? Why did
it occur? What is it in capitalism that leads to the globalisation
of poverty while a tiny elite become mega-wealthy? And what are
possible alternatives? This book is a signal contribution to making
those arguments.
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