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Bonfire of Illusions: The Twin Crises of the Liberal World by Alex Callinicos
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- Buy It NowBonfire of Illusions: The Twin Crises of the Liberal World by Alex Callinicos
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eBay item number:364027306479
Item specifics
- Condition
- Book Title
- Bonfire of Illusions: The Twin Crises of the Liberal World
- Publication Date
- 2010-05-03
- Pages
- 144
- ISBN
- 9780745648767
- Publication Year
- 2010
- Type
- Textbook
- Format
- Trade Paperback
- Language
- English
- Publication Name
- Bonfire of Illusions : the Twin Crises of the Liberal World
- Item Height
- 0.6in
- Item Length
- 8.5in
- Publisher
- Polity Press
- Item Width
- 5.4in
- Item Weight
- 8.6 Oz
- Number of Pages
- 144 Pages
About this product
Product Information
Something dramatic happened in the late summer and autumn of 2008. The post-Cold War world came to an abrupt end. This was the result of two conjoined crises. First, in its brief war with Georgia in August 2008, Russia asserted its military power to halt the expansion of NATO to its very borders. Secondly, on 15 September 2008 the Wall Street investment bank Lehman Brothers collapsed. This precipitated a severe financial crash and helped to push the world economy into the worst slump since the 1930s. Both crises marked a severe setback for the global power of the United States, which had driven NATO expansion and forced through the liberalization of financial markets. More broadly they challenged the consensus that had reigned since the collapse of the Soviet bloc in 1989 that a US-orchestrated liberal capitalist order could offer the world peace and prosperity. Already badly damaged by the Iraq debacle, this consensus has now suffered potentially fatal blows. In Bonfire of Illusions Alex Callinicos explores these twin crises. He traces the credit crunch that developed in 2007-8 to a much more protracted crisis of overaccumulation and profitability that has gripped global capitalism since the late 1960s. He also confronts the interaction between economic and geopolitical events, highlighting the new assertiveness of nation-states and analysing the tense, complex relationship of interdependence and conflict that binds together the US and China. Finally, in response to the revelation that the market is not the solution to the world's problems, Callinicos reviews the prospects for alternatives to capitalism.
Product Identifiers
Publisher
Polity Press
ISBN-10
0745648762
ISBN-13
9780745648767
eBay Product ID (ePID)
80783317
Product Key Features
Publication Name
Bonfire of Illusions : the Twin Crises of the Liberal World
Format
Trade Paperback
Language
English
Publication Year
2010
Type
Textbook
Number of Pages
144 Pages
Dimensions
Item Length
8.5in
Item Height
0.6in
Item Width
5.4in
Item Weight
8.6 Oz
Additional Product Features
Lc Classification Number
Hb3717
Reviews
"A superb book which exhibits engaging though authoritative scholarship of a kind which is sadly too rare." Sociological Imagination "As one would expect from Callinicos, this book is forensic in its detail and is a useful tool in the armoury of anyone who wishes to see beyond the platitudes of the yellow press." Morning Star "A powerful critique; a serious engagement with a crucial contemporary debate." Political Studies Review "An important book for anybody wanting an introduction to how Marxist political economy can help to understand the times in which we live." Marx and Philosophy "The crisis of 2007-9 is an event of historic importance that has affected economy, society and politics. Callinicos analyses its causes within the broader development of capitalism in recent decades. Particularly relevant is his stress on financialisation as well as the implications he draws regarding the balance of imperial power across the world. Written with the author's customary skill, this is a welcome contribution from the left to the public debate." Costas Lapavitsas, SOAS, University of London
Table of Content
Preface and Acknowledgements ix Introduction: How the World Changed in 2008 1 1 Finance Humbled 20 What is fi nancialization? 23 Three perspectives on financial crises 34 More than just a financial crisis 50 Dilemmas of recovery 83 2 Empire Confined 95 The state roars back 95 Collision of empires 106 Orchestrating disharmony 121 Conclusion: Regime Change or System Change? 127 The end of neoliberalism? 127 State, market and planning 134 Notes 144 Index 169
Copyright Date
2010
Target Audience
Scholarly & Professional
Topic
Economic History, Geopolitics, International Relations / General, International Relations / Treaties, Public Policy / Economic Policy
Dewey Decimal
330.9051
Dewey Edition
22
Illustrated
Yes
Genre
Business & Economics, Political Science
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