In and Out of Crisis: The Global Financial Meltdown and Left Alternatives

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PM Press, May 1, 2010 - Political Science - 144 pages
In this groundbreaking study of the financial meltdown, renowned radical political economists lay bare the roots of the crisis in the inner logic of capitalism itself. Objective and detailed, this account provocatively challenges the call for a return to a largely mythical golden age of economic regulation as a check on finance capital. In addition, it deftly illuminates how the era of neoliberal free markets has been, in practice, under-girded by state intervention on a massive scale. Arguing for genuinely transformative alternatives to capitalism, and discussing how to build the collective capacity to realize these goals, this record is a critique of the crisis and an indispensable springboard for a renewed political left.
 

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Contents

Preface
9
Is Neoliberalism Over?
13
CHAPTER TWO Neoliberalism Finance and Crises
27
CHAPTER THREE Finance Regulation and the American State
43
CHAPTER FOUR Crisis Management from Bush to Obama
60
The Crisis in Auto
75
CHAPTER SIX Labors Impasse and the Left
89
CHAPTER SEVEN Another Way out of the Crisis? Strategic Considerations for the North American Left
105
CHAPTER EIGHT Ten Theses on the Crisis
122
Suggested Readings
130
Notes
133
About PM Press
141
Friends of PM Press
142
Also Available from PM Press
143
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About the author (2010)

Greg Albo and Leo Panitch are coeditors of the Socialist Register and professors of political economy at York University in Toronto. Sam Gindin is the former research director of the Canadian Autoworkers Unions and a professor of political economy at York University. They live in Toronto.

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