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Aftermath - The Cultures of the Economic Crisis (Hardcover)
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Aftermath - The Cultures of the Economic Crisis (Hardcover)
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The crisis of global capitalism that has unfolded since 2008 is
more than an economic crisis. It is structural and
multidimensional. The sequence of events that have taken place in
its aftermath show that we are entering a world that is very
different from the social and economic conditions that
characterized the rise of global, informational capitalism in the
preceding three decades. The policies and strategies that intended
to manage the crisis-with mixed results depending on the
country-may usher in a distinctly different economic and
institutional system, as the New Deal, the construction of the
European Welfare State, and the Bretton Woods global financial
architecture all gave rise to a new form of capitalism in the
aftermath of the 1930s Depression, and World War II.
This volume examines the cultures and institutions at the root of
the crisis, as well as the conflicts and debates that lead to a new
social landscape, including the rise of alternative economic
cultures expressed in the social movements occupying Wall Street.
The book presents the results of a shared project of reflection by
an interdisciplinary group of researchers from around the world. It
contends that there is no quick fix to the current financial and
political system. Life beyond the crisis requires a transformation
of the mindset that led to bankruptcy and despair, and to economies
and societies based on an unsustainable model of speculative
finance and political irresponsibility. The book explains why and
explores the contours of the world emerging in the aftermath of the
crisis.
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