Haymarket Books
Zombie Capitalism: Global Crisis and the Relevance of Marx
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Title: Zombie Capitalism: Global Crisis and the Relevance of Marx
Author: Chris Harman
ISBN: 9781608461042
Publisher: Haymarket Books
Published: 2010
Binding: Paperback
Language: English
Edition: Reprint
Number of Pages: 425
Condition Note: Clean, unmarked copy with some edge wear. Good binding. Dust jacket included if issued with one. We ship in recyclable American-made mailers. 100% money-back guarantee on all orders.
Publisher Description: We've been told for years that the capitalist free market is a self-correcting perpetual growth machine in which sellers always find buyers, precluding any major crisis in the system. Then the credit crunch of August 2007 turned into the great crash of September October 2008, leading one apologist for the system, Willem Buiter, to write of "the end of capitalism as we knew it."
As the crisis unfolded, the world witnessed the way in which the runaway speculation of the "shadow" banking system wreaked havoc on world markets, leaving real human devastation in its wake. Faced with the financial crisis, some economic commentators began to talk of "zombie banks" financial institutions that were in an "undead state" and incapable of fulfilling any positive function but a threat to everything else. What they do not realize is that twenty-first century capitalism as a whole is a zombie system, seemingly dead when it comes to achieving human goals.
Author: Chris Harman
ISBN: 9781608461042
Publisher: Haymarket Books
Published: 2010
Binding: Paperback
Language: English
Edition: Reprint
Number of Pages: 425
Condition Note: Clean, unmarked copy with some edge wear. Good binding. Dust jacket included if issued with one. We ship in recyclable American-made mailers. 100% money-back guarantee on all orders.
Publisher Description: We've been told for years that the capitalist free market is a self-correcting perpetual growth machine in which sellers always find buyers, precluding any major crisis in the system. Then the credit crunch of August 2007 turned into the great crash of September October 2008, leading one apologist for the system, Willem Buiter, to write of "the end of capitalism as we knew it."
As the crisis unfolded, the world witnessed the way in which the runaway speculation of the "shadow" banking system wreaked havoc on world markets, leaving real human devastation in its wake. Faced with the financial crisis, some economic commentators began to talk of "zombie banks" financial institutions that were in an "undead state" and incapable of fulfilling any positive function but a threat to everything else. What they do not realize is that twenty-first century capitalism as a whole is a zombie system, seemingly dead when it comes to achieving human goals.
