Global Slump

Know about the book -

Global Slump is written by David McNally and published by Pm Press. It's available with International Standard Book Number or ISBN identification 1604863323 (ISBN 10) and 9781604863321 (ISBN 13).

McNally analyses the global financial crisis as the first systematic crisis of the neo-liberal stage of capitalism and argues that far from having ended, the crisis has ushered in a new period of worldwide economic and political turbulence. Taking crisis as a fundamental feature of capitalism, he challenges the common view that its source lies in financial deregulation. Whilst averting a complete meltdown, the intervention by central banks laid the basis for recurring crises for poor and working class people. McNally also traces the new patterns in anti-capitalist action.