A crucial commentary on the worst global economic crisis since the Great Depression, this book argues for ‘Three Rs’ — Regulation, Responsibility and Radicalism — i.e., state regulation of finance, state responsibility towards society, and radical social movements to fight for economic justice. It will interest scholars and researchers in international political economy, politics, international relations, and economics, as also policymakers and the informed general reader.
‘Politics of the Global Economic Crisis is vital reading for the reinvention of democracy.’ — Vandana Shiva, Board Member, International Forum on Globalisation, San Francisco; and Director, Navdanya, New Delhi
‘In these perceptive and provocative essays . . . Sreeram Chaulia analyses extant global economic and geopolitical trends and India's response to them. [He] draws attention to the challenges facing India as its economy rises and re-integrates with the world economy.’ — Sanjaya Baru, Director for Geo-Economics and Strategy, International Institute for Strategic Studies, London
‘Sreeram Chaulia's new book on the global economy is a desperately needed antidote to the ‘economic reform’ packages that Washington, Wall Street and the World Bank have put forward . . . [It will] serve as an indispensable blueprint for the people-centered economy that the Occupy Movement and its successors have championed.’ — John Feffer, Co-Director, Foreign Policy in Focus, Institute for Policy Studies, Washington DC
[This book] highlights key aspects of the current crisis, addressing not only its political and economic dimensions, but also the responses from mass movements of Occupy and Indignados . . . [making] a very important contribution.’ — Pablo Solon, Executive Director, Focus on the Global South; and former Ambassador of Bolivia to the United Nations
List of Abbreviations. Foreword Andrew Walter. Acknowledgements. Introduction 1.State of the State 2. Oh, those Bankers! 3. ‘Great Recession’ and the Rising Others 4. Groups of Hope and Despair 5. Trade Wars and Alliances. Epilogue. Bibliography. About the Author. Index