| Description |
1 online resource (xi, 179 pages) : illustrations |
| Contents |
Introduction : how the world changed in 2008 ---- I. Finance humbled. What is financialization? 1. Three perspective on financian crises --- 2. More than just a financial crisis --- 3. Dilemmas of recovery ---- II. Empire confined. 1. The state roars back --- 2. Collision of empires --- 3. Orchestrating disharmony ---- Conclusion : regime change or system change? 1. The end of neoliberalism? --- 2. State, market and planning |
| Summary |
Something dramatic happened in the late summer and autumn of 2008. The post-Cold War world came to an abrupt end. This was the result of two conjoined crises. First, in its brief war with Georgia in August 2008, Russia asserted its military power to halt the expansion of NATO to its very borders. Secondly, on 15 September 2008 the Wall Street investment bank Lehman Brothers collapsed. This precipitated a severe financial crash and helped to push the world economy into the worst slump since the 1930s. Both crises marked a severe setback for the global power of the United States, which had driven NATO expansion and forced through the liberalization of financial markets. More broadly they challenged the consensus that had reigned since the collapse of the Soviet bloc in 1989 that a US-orchestrated liberal capitalist order could offer the world peace and prosperity. Already badly damaged by the Iraq debacle, this consensus has now suffered potentially fatal blows. In Bonfire of Illusions Alex Callinicos explores these twin crises. He traces the credit crunch that developed in 2007-8 to a much more protracted crisis of overaccumulation and profitability that has gripped global capitalism since the late 1960s. He also confronts the interaction between economic and geopolitical events, highlighting the new assertiveness of nation-states and analysing the tense, complex relationship of interdependence and conflict that binds together the US and China. Finally, in response to the revelation that the market is not the solution to the world's problems, Callinicos reviews the prospects for alternatives to capitalism. -- Publisher description |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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Print version record |
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digitized 2018 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
North Atlantic Treaty Organization
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| SUBJECT |
North Atlantic Treaty Organization fast |
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NATO. swd |
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Battle Griffin 99 gnd |
| Subject |
Global Financial Crisis, 2008-2009.
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Geopolitics.
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Capitalism.
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geopolitics.
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BUSINESS & ECONOMICS -- Economic History.
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Crise financière.
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Crise économique.
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Capitalisme.
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Grandes puissances.
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OTAN.
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Géopolitique.
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Relations internationales.
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Politique étrangère.
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Capitalism
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Geopolitics
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Diplomatic relations
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Weltmarkt
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Finanzkrise
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Geopolitik
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Internationale Politik
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Finanzkrise.
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Wirtschaftskrise.
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Geopolitik.
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Kapitalismus.
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Economics.
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| SUBJECT |
United States -- Foreign relations -- China
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China -- Foreign relations -- United States
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| Subject |
Etats-Unis d'Amérique.
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Russie.
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Chine.
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China
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United States
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China
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USA
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USA.
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China.
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| Form |
Electronic book
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| ISBN |
0745675603 |
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9780745675602 |
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