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Books > Business & Economics > Economics > Economic theory & philosophy
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Commodity - The Global Commodity System in the 21st Century (Hardcover)
Loot Price: R1,660
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Commodity - The Global Commodity System in the 21st Century (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 10 - 15 working days
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The 21st century marks a watershed in the history of the human
economic condition. Income and wealth inequalities are now greater
than ever before - and their role in the global financial crisis is
one of the burning issues of today. Commodity looks at the great
financial crisis from an entirely original perspective - that of
the global commodity system as a newly operational totality. In the
19th century, the commodity system as defined by Karl Marx was
limited to a few regions and embraced only the labour and capital
capacities and their outputs. By the end of the 20th century, it
encompassed the entire planet and embraced government capacity as
well as private capacities, financial securities and material goods
and services. This book shows how the financial crisis and its
causes can only properly be understood as a result of this vast,
unprecedented extension of the commodity system - a system which
benefits the rich. The author makes the watertight case that it is
only through the creation of a global tax authority - to coordinate
national tax regimes and to implement a tax on global wealth - that
we can avoid another crisis and create a fairer and more equitable
world. Addressing a broad range of themes, Commodity offers a new
perspective which will be of interest to political economists as
well as researchers specialising in other related fields of social
enquiry. Written in a clear and engaging way, the book's concise
nature also makes it accessible for the non-specialist reader, and
it will especially appeal to all those who want a more just
society.
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