Unavailable
Unavailable
Unavailable
Ebook272 pages5 hours
The Great Recession and its Implications for Human Values: Lessons for Africa
By Iraj Abedian, Patrick Bond, Charlotte du Toit and
Rating: 0 out of 5 stars
()
Currently unavailable
Currently unavailable
About this ebook
The earth has enough for everyone's need, but not everyone's greed. — Mahatma Gandhi
The Great Recession, which started around 2007, stands out as the most significant crisis of global capitalism since the 1930s, both in scope and intensity. Although it was triggered by developments in the financial sector in the United States of America, its impact and implications have reverberated across the globe. Virtually all countries have been unable to escape its destructive swell: the interconnectedness that globalisation has fostered made certain of that. As authors in this book assert, the growing sectoral dominance of finance capital and its rapacious licence are the immediate and prime causes of the crisis. However, trends in the real economy over the past three decades created a systemic underpinning to the crisis, and those include the emergence of large corporate behemoths in manufacturing and services, advances in information and communications technologies and improvements in production techniques, the off-shoring of production sites in search of cheap labour, and household debt. At the same time, degradation of the environment has proceeded apace. The period leading up to the Great Recession was also characterised by high rates of economic growth in most parts of the world. Combined with that was the lifting of swathes of humanity from abject poverty. With a few exceptions, particularly in Latin America, the manner in which the surplus is apportioned has resulted in rising inequality, with women and youth most adversely affected. That is the fundamental question of political economy that most of the essays in this book seek to address Humanity is faced with a poly-crisis straddling economics, politics, and environmental and security issues. With that sense of unguided drift, the need for debate on alternative approaches to the management of social relations stands out in even bolder relief, and that is precisely what the essays in this volume set out to do. The book examines the crisis from theoretical and empirical perspectives, and in some instances, the authors do not quite concur on the approaches required. However, running like a golden thread through all the inputs is that the State has a critical role to play in reconfiguring social relations, proceeding from the perspective that markets, left to their own devices, can wreak havoc on the commons. Above all, social relations should be premised on humane values. Humanity is faced with a poly-crisis straddling economics, politics, and environmental and security issues. With that sense of unguided drift, the need for debate on alternative approaches to the management of social relations stands out in even bolder relief, and that is precisely what the essays in this volume set out to do. The book examines the crisis from theoretical and empirical perspectives, and in some instances, the authors do not quite concur on the approaches required. However, running like a golden thread through all the inputs is that the State has a critical role to play in reconfiguring social relations, proceeding from the perspective that markets, left to their own devices, can wreak havoc on the commons. Above all, social relations should be premised on humane values.
The Great Recession, which started around 2007, stands out as the most significant crisis of global capitalism since the 1930s, both in scope and intensity. Although it was triggered by developments in the financial sector in the United States of America, its impact and implications have reverberated across the globe. Virtually all countries have been unable to escape its destructive swell: the interconnectedness that globalisation has fostered made certain of that. As authors in this book assert, the growing sectoral dominance of finance capital and its rapacious licence are the immediate and prime causes of the crisis. However, trends in the real economy over the past three decades created a systemic underpinning to the crisis, and those include the emergence of large corporate behemoths in manufacturing and services, advances in information and communications technologies and improvements in production techniques, the off-shoring of production sites in search of cheap labour, and household debt. At the same time, degradation of the environment has proceeded apace. The period leading up to the Great Recession was also characterised by high rates of economic growth in most parts of the world. Combined with that was the lifting of swathes of humanity from abject poverty. With a few exceptions, particularly in Latin America, the manner in which the surplus is apportioned has resulted in rising inequality, with women and youth most adversely affected. That is the fundamental question of political economy that most of the essays in this book seek to address Humanity is faced with a poly-crisis straddling economics, politics, and environmental and security issues. With that sense of unguided drift, the need for debate on alternative approaches to the management of social relations stands out in even bolder relief, and that is precisely what the essays in this volume set out to do. The book examines the crisis from theoretical and empirical perspectives, and in some instances, the authors do not quite concur on the approaches required. However, running like a golden thread through all the inputs is that the State has a critical role to play in reconfiguring social relations, proceeding from the perspective that markets, left to their own devices, can wreak havoc on the commons. Above all, social relations should be premised on humane values. Humanity is faced with a poly-crisis straddling economics, politics, and environmental and security issues. With that sense of unguided drift, the need for debate on alternative approaches to the management of social relations stands out in even bolder relief, and that is precisely what the essays in this volume set out to do. The book examines the crisis from theoretical and empirical perspectives, and in some instances, the authors do not quite concur on the approaches required. However, running like a golden thread through all the inputs is that the State has a critical role to play in reconfiguring social relations, proceeding from the perspective that markets, left to their own devices, can wreak havoc on the commons. Above all, social relations should be premised on humane values.
Unavailable
Related to The Great Recession and its Implications for Human Values
Economics For You
Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Divergent Mind: Thriving in a World That Wasn't Designed for You Rating: 4 out of 5 stars4/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Capital in the Twenty-First Century Rating: 4 out of 5 stars4/5Wise as Fu*k: Simple Truths to Guide You Through the Sh*tstorms of Life Rating: 4 out of 5 stars4/5Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions Rating: 4 out of 5 stars4/5Chip War: The Fight for the World's Most Critical Technology Rating: 4 out of 5 stars4/5The Affluent Society Rating: 4 out of 5 stars4/5Disrupting Sacred Cows: Navigating and Profiting in the New Economy Rating: 0 out of 5 stars0 ratingsPrinciples for Dealing with the Changing World Order: Why Nations Succeed and Fail Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Sex Trafficking: Inside the Business of Modern Slavery Rating: 4 out of 5 stars4/5A History of Central Banking and the Enslavement of Mankind Rating: 5 out of 5 stars5/5Men without Work: Post-Pandemic Edition (2022) Rating: 5 out of 5 stars5/5Quiet Leadership: Six Steps to Transforming Performance at Work Rating: 4 out of 5 stars4/5Economics 101: From Consumer Behavior to Competitive Markets--Everything You Need to Know About Economics Rating: 4 out of 5 stars4/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails Rating: 4 out of 5 stars4/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 4 out of 5 stars4/5Bait and Switch: The (Futile) Pursuit of the American Dream Rating: 3 out of 5 stars3/5How to Be Everything: A Guide for Those Who (Still) Don't Know What They Want to Be When They Grow Up Rating: 4 out of 5 stars4/5The Real Price of Everything: Rediscovering the Six Classics of Economics Rating: 4 out of 5 stars4/5A People's Guide to Capitalism: An Introduction to Marxist Economics Rating: 4 out of 5 stars4/5
Reviews for The Great Recession and its Implications for Human Values
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews