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Tag Archives: Global Meltdown

Capitalist Crisis

DAVID McNALLY SPEAKS ON THE GLOBAL SLUMP: THE ECONOMICS AND POLITICS OF CRISIS AND RESISTANCE

David McNally, author of Global Slump: The Economics and Politics of Crisis and Resistance analyzes the global financial meltdown as a systemic crisis. He argues that – far from having ended – the crisis has ushered in a whole period of worldwide economic and political turbulence.

Analyzing the massive intervention of the world’s central banks to stave off a Great Depression, he shows that, while averting a complete meltdown, this laid the basis for recurring crises for poor and working class people: job loss, increased poverty and inequality, and deep cuts to social programs, as well as the intensification of racism and attacks on migrant workers.

Only real resistance to corporate power and corporate policies can change this. David traces new patterns of social and political resistance – from housing activism and education struggles, to mass strikes and protests.

You can listen to David McNally speak about these issues at ‘Equal Time Radio’: http://equaltimeradio.com/?q=node/312

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk