Reflections on the Global Economic Debacle
Will the tensions generated by one of the most devastating crises to have struck global capitalism trigger a major war? This compelling new book explores the possibility of a major international conflict erupting during this time of economic tumult. Potential flashpoints include the volatile Middle East and escalating trade friction between the struggling US economy and an ascendant China.
The author also surveys the historical antecedents of crisis and confrontation, documenting how the great depression of the late 19th century incubated the conditions that would culminate in the First World War. As the capitalist order now once again finds itself wracked by systemic convulsions, the lessons of history presented in this timely book are worth heeding.
Greenspan: The torments of contrition
Also included in this book is an illuminating essay on the man whose free-market financial policies paved the way towards the current economic collapse - Alan Greenspan, former chairman of the US Federal Reserve. The essay acutely deconstructs his much-talked-about mea culpa before the US Congress amid the raging crisis in October 2008, exposing it as little more than an act of "trivial apologetics" by "a stricken soul".