The endless crisis : how monopoly-finance capital produces stagnation and upheaval from the USA to China / by John Bellamy Foster and Robert W. McChesney.

Format:

Book

Author/Creator:

Foster, John Bellamy.

Contributor:

McChesney, Robert Waterman, 1952-

Language:

English

Subjects (All):

Capitalism.

Stagnation (Economics).

Economic development.

Physical Description:

1 online resource (240 p.)

Place of Publication:

New York : Monthly Review Press, c2012.

Language Note:

English

Summary:

The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. Th

Contents:

Introduction: the endless crisis

Monopoly-finance capital and the crisis

The financialization of accumulation

Monopoly and competition in twenty-first century capitalism

The internationalization of monopoly capital

The global reserve army of labor and the new imperialism

The great stagnation and China.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-58367-315-6

OCLC:

820124124