Global Slump

Global Slump PDF Author: David McNally
Publisher: PM Press
ISBN: 1604860650
Category : Business & Economics
Languages : en
Pages : 289

Get Book Here

Book Description
Global Slump analyzes the global financial meltdown as the first systemic crisis of the neoliberal stage of capitalism. It argues that—far from having ended—the crisis has ushered in a whole period of worldwide economic and political turbulence. In developing an account of the crisis as rooted in fundamental features of capitalism, Global Slump challenges the view that its source lies in financial deregulation. The book locates the recent meltdown in the intense economic restructuring that marked the recessions of the mid-1970s and early 1980s. Through this lens, it highlights the emergence of new patterns of world inequality and new centers of accumulation, particularly in East Asia, and the profound economic instabilities these produced. Global Slump offers an original account of the “financialization” of the world economy during this period, and explores the intricate connections between international financial markets and new forms of debt and dispossession, particularly in the Global South. Analyzing the massive intervention of the world’s central banks to stave off another Great Depression, Global Slump shows that, while averting a complete meltdown, this intervention also laid the basis for recurring crises for poor and working class people: job loss, increased poverty and inequality, and deep cuts to social programs. The book takes a global view of these processes, exposing the damage inflicted on countries in the Global South, as well as the intensification of racism and attacks on migrant workers. At the same time, Global Slump also traces new patterns of social and political resistance—from housing activism and education struggles, to mass strikes and protests in Martinique, Guadeloupe, France and Puerto Rico—as indicators of the potential for building anti-capitalist opposition to the damage that neoliberal capitalism is inflicting on the lives of millions.

Global Slump

Global Slump PDF Author: David McNally
Publisher: PM Press
ISBN: 1604860650
Category : Business & Economics
Languages : en
Pages : 289

Get Book Here

Book Description
Global Slump analyzes the global financial meltdown as the first systemic crisis of the neoliberal stage of capitalism. It argues that—far from having ended—the crisis has ushered in a whole period of worldwide economic and political turbulence. In developing an account of the crisis as rooted in fundamental features of capitalism, Global Slump challenges the view that its source lies in financial deregulation. The book locates the recent meltdown in the intense economic restructuring that marked the recessions of the mid-1970s and early 1980s. Through this lens, it highlights the emergence of new patterns of world inequality and new centers of accumulation, particularly in East Asia, and the profound economic instabilities these produced. Global Slump offers an original account of the “financialization” of the world economy during this period, and explores the intricate connections between international financial markets and new forms of debt and dispossession, particularly in the Global South. Analyzing the massive intervention of the world’s central banks to stave off another Great Depression, Global Slump shows that, while averting a complete meltdown, this intervention also laid the basis for recurring crises for poor and working class people: job loss, increased poverty and inequality, and deep cuts to social programs. The book takes a global view of these processes, exposing the damage inflicted on countries in the Global South, as well as the intensification of racism and attacks on migrant workers. At the same time, Global Slump also traces new patterns of social and political resistance—from housing activism and education struggles, to mass strikes and protests in Martinique, Guadeloupe, France and Puerto Rico—as indicators of the potential for building anti-capitalist opposition to the damage that neoliberal capitalism is inflicting on the lives of millions.

The German Slump

The German Slump PDF Author: Harold James
Publisher: Oxford University Press, USA
ISBN: 9780198229858
Category : Germany
Languages : en
Pages : 473

Get Book Here

Book Description
The collapse of the German economy in the interwar years provides the most dramatic case-study of a democracy faced with the major economic problems--world recession, instability in international finance, management and labor problems, and unemployment--which resulted in the advent of Nazism. This is the first survey of the German "slump" in English and the first in any language since important archives became available. Arguing that long-term weaknesses caused by structural rigidity, increasingly conservative investment choices, poor labor relations, high taxation, and an inefficient agrarian sector led to economic and political instability, James here shows the connections between long-term weaknesses and particular policy responses in a crucial period of 20th-century European history.

Hitler's Gift

Hitler's Gift PDF Author: Jean Medawar
Publisher: Piatkus Books
ISBN:
Category : History
Languages : en
Pages : 308

Get Book Here

Book Description
'With material drawn from more than 20 surviving refungee scientists, this is an aweinspiring book.' The Sunday Telegraph'a fascinating account of the thousands of Jewish scientists who left Germany under the Nazis and enriched world science.' New Scientist

Weimar and Nazi Germany

Weimar and Nazi Germany PDF Author: Panikos Panayi
Publisher: Routledge
ISBN: 1317881508
Category : History
Languages : en
Pages : 350

Get Book Here

Book Description
Weimar and Nazi Germany presents the history of the country in these periods in a unique way. Examining the continuities and discontinuities between the Third Reich and the Weimar Republic, it also contextualises these two regimes within modern German and European history. After a broad introduction to 1919-1945, four general surveys examine the economy, society, internal politics and foreign policy. A third section treats specific key themes including women and the family, big business, race, the SPD, the extreme Right and Anglo-German relations. This innovative text assembles major scholars of Germany. It will prove vital reading for all those interested in twentieth century history.

The Fading Miracle

The Fading Miracle PDF Author: Herbert Giersch
Publisher: Cambridge University Press
ISBN: 9780521358699
Category : Business & Economics
Languages : en
Pages : 324

Get Book Here

Book Description
The Fading Miracle provides a lucid account of economic policy in West Germany from the late 1940s up to the present. First published in hardback in 1992, this paperback edition has been updated to include events since then. The authors describe and evaluate the major policy controversies and decisions, and place particular emphasis on the characteristically German institutions of policy counselling and their role in policy formation. The book will be of interest to students and teachers of economics, and to all those with an interest in the development of the greatest economic power in Europe.

Taming the Megabanks

Taming the Megabanks PDF Author: Arthur E. Wilmarth Jr
Publisher: Oxford University Press, USA
ISBN: 019026070X
Category : Banking law
Languages : en
Pages : 601

Get Book Here

Book Description
Banks were allowed to enter securities markets and become universal banks during two periods in the past century - the 1920s and the late 1990s. Both times the ensuing unsustainable booms led to destructive busts - the Great Depression of the early 1930s and the Global Financial Crisis of2007-09. Both times, universal banks made high-risk loans and packaged them into securities that were sold as safe investments to poorly-informed investors. Both times, governments were forced to arrange costly bailouts.Congress passed the Glass-Steagall Act of 1933 in response to the Great Depression. The Act broke up universal banks and established a decentralized financial system composed of three separate and independent sectors: banking, securities, and insurance. That system was stable and successful for overfour decades until the big-bank lobby persuaded regulators to open loopholes in Glass-Steagall during the 1980s and convinced Congress to repeal it in 1999.In Taming the Megabanks, Arthur Wilmarth, Jr. argues that we must separate banks from securities markets again to avoid another devastating financial crisis and ensure that our financial system serves Main Street business firms and consumers instead of Wall Street bankers and speculators. Wilmarth'scomprehensive and detailed analysis of the roles played by universal banks in the two worst financial catastrophes of the past century demonstrates that a new Glass-Steagall Act would make our financial system much more stable and less likely to produce boom-and-bust cycles. And giant universalbanks would no longer dominate our financial system or receive enormous subsidies.Congress did not adopt a new Glass-Steagall Act after the Global Financial Crisis. Instead, Congress passed the Dodd-Frank Act. Dodd-Frank's highly technical reforms tried to make banks safer but left the dangerous universal banking system in place. Universal banks continue to pose unacceptablerisks to financial stability and economic and social welfare. They exert far too much influence over our political and regulatory systems because of their immense size and their undeniable "too-big-to-fail" status.Taming the Megabanks forcefully makes the case for a a new Glass-Steagall Act to break up universal banks. A more decentralized and competitive system of independent banks and securities firms would not only provide better service to Main Street businesses and ordinary consumers but also bringstability to a volatile financial system.

German Problems and Personalities

German Problems and Personalities PDF Author: Charles Sarolea
Publisher:
ISBN:
Category : Germany
Languages : en
Pages : 298

Get Book Here

Book Description


Ten Years of German Unification

Ten Years of German Unification PDF Author: Jörn Leonhard
Publisher: A&C Black
ISBN: 9781902459127
Category : Social Science
Languages : en
Pages : 280

Get Book Here

Book Description
In May 2000, scholars of history, law, politics, and economics gathered in London to compare their various methodological and empirical perspectives on the 1989-90 collapse of the Germanies into a unity, and the aftermath of the event from the perspective of a decade on. Their 14 studies cover histo

The United States News

The United States News PDF Author:
Publisher:
ISBN:
Category : Economic history
Languages : en
Pages : 958

Get Book Here

Book Description
Vols. 5- include the monthly rotogravure supplement "Uncle Sam's news reel" (issued as section 2 from May 24, 1937, to Dec. 11, 1939) 30-54 cm.

Perspectives on Modern German Economic History and Policy

Perspectives on Modern German Economic History and Policy PDF Author: Knut Borchardt
Publisher: Cambridge University Press
ISBN: 9780521368582
Category : Business & Economics
Languages : en
Pages : 302

Get Book Here

Book Description
This collection of essays covers themes central to German economic history while considering their interaction with other historical phenomena. Among the essays Borchardt considers Germany's late start as an industrial nation, the West-East developmental gradient, key patterns of long-term economic development, and unusual changes in the phenomena of business cycles. The collection also contains the essays which have become the subject of so-called 'Borchardt controversies', in which hypotheses are presented on the economic causes of the collapse of the parliamentary regime by 1929-30, at the very end of the 'crisis before the crisis'. He also explains why there were no alternatives to the economic policies of the slump, and in particular why there was no 'miracle weapon' against Hitler's seizure of power. These are among the most original and stimulating contributions of recent years to the economic history of modern Germany and will be of interest to anyone who ponders deeply the meaning of history.