Wed 1.14.09| Anatomy of a Crisis

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David McNally, Another World is Possible: Globalization and Anti-Capitalism Arbeiter Ring, 2006

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In David McNally's analysis of the nature and causes of the ongoing economic crisis, he highlights, among other things, the volatility of money, the uses and abuses of working-class debt, a post-1982 expansion in global capitalism, and the fateful financialization of the economy. Debt has played a significant role, McNally argues in a recent article, in disciplining workers and poor people both here and abroad.

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