Global capitalism in disarray
Subtitle: inequality, debt, and austerity
By: Andres Solimano
Publisher: Oxford University Press
Published: 2017
Language: eng
Number of pages: 240
ISBN-13: 9780190626273
Subjects: International finance; Equality; Income distribution; Public Debts; Economic development; Capitalism; Globalization; Economic policy; Economic aspects; Economic history
Description: Global capitalism is affected by the malaises of stagnation, financial fragility, increased income inequality, growing wealth concentration at the top, and a vanishing fair social contract. This book focuses on the incidence of these phenomena in the US, UK, Greece, Spain, Chile, South Africa, Australia, China, and other countries. The book looks at the effects of IMF-ECB led austerity policies in Europe. The book examines concrete country and global conditions combining theory, country studies, historical evidence, and international comparative analysis. The book also proposes new policy priorities to restore stability, reduce inequality, and consolidate democracy in 21st century capitalism. -- Provided by publisher.
Notes: Includes bibliographical references and index.
Table of contents: title: Introduction; title: Neoliberal macroeconomics and its discontents : origins, content, and alternative approaches --; title: Economic inequality in a democratic society : measurement, causes, and effects --; title: Historical background, democracy, and free market policies : United States, United Kingdom, Chile, and South Africa --; title: The rise of inequality in the United States and the United Kingdom --; title: Wealth and income inequality in Chile and South Africa --; title: Speculative cycles in the stock and housing markets and the role of gold --; title: Private and public debt cycles in current and historical perspective --; title: Stagnation, the costs of austerity, and rising inequality in the European periphery and core capitalist economies ---- Epilogue.