Title: The failure of global capitalism
First published: 2009
Description: "What do Cape Breton in Atlantic Canada and Colombia in South America have in common? Coal, for one thing. Coal mining was the backbone of Cape Breton's industrial economy for more than one hundred years, but the last mine was closed in 2001 when the province's utility company took advantage of neoliberal globalization by importing coal - from Colombia. But the commonalities between Cape Breton and Colombia do not end with coal, there are many more connections directly related to the capitalist system: militant labour struggles, repression, economic insecurity, population displacement, social inequality and environmental devastation." "Cape Breton and Colombia epitomize the loss of well-paid, unionized industrial jobs in the global North - primarily North America and Europe- as a result of neoliberal globalization allowing multinational corporations to exploit the natural resources and cheap labour of the global South - Latin America, Africa and Asia." "The Failure of Global Capitalism uses the examples of Cape Breton and Colombia to illustrate the harsh realities suffered by people in both the global North and the global South under neoliberal globalization, particularly with regard to socio-economic and environmental issues. Ultimately, it exposes the failure of industrial capitalism, and looks toward more sustainable and egalitarian alternatives."--BOOK JACKET.
Subjects: International business enterprises, Globalization, Case studies, International economic relations, Neoliberalism, Coal mines and mining, Capitalism, Economic aspects
LC classification: HC59.7 .G486 2009