John Bellamy Foster

(Author)

The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to ChinaHardcover, 1 September 2012

The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China
Qty
1
Turbo
Ships in 2 - 3 days
In Stock
Free Delivery
Cash on Delivery
15 Days
Free Returns
Secure Checkout
Buy More, Save More
Print Length
224 pages
Language
English
Publisher
Monthly Review Press
Date Published
1 Sep 2012
ISBN-10
158367313X
ISBN-13
9781583673133

Description

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.

This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy--when a handful of large firms dominate one or several industries--leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.

Product Details

Authors:
John Bellamy FosterRobert W McChesney
Book Format:
Hardcover
Country of Origin:
US
Date Published:
1 September 2012
Dimensions:
24.23 x 16.1 x 2.69 cm
ISBN-10:
158367313X
ISBN-13:
9781583673133
Language:
English
Location:
New York
Pages:
224
Weight:
517.09 gm

Related Categories


Need Help?
+971 6 731 0280
support@gzb.ae

About UsContact UsPayment MethodsFAQsShipping PolicyRefund and ReturnTerms of UsePrivacy PolicyCookie Notice

VisaMastercardCash on Delivery

© 2024 White Lion General Trading LLC. All rights reserved.