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

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. (Holiday encore presentation.)

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Capitalism and Its Discontents: A Five-Part Series on the Economic Meltdown

In a moment of nearly unprecedented economic crisis, what is the Left proposing as a means of reaching a better world? On a series about the global economic meltdown, radical scholars Andrej Grubacic and Dick Walker talk about recent debates at the World Social Forum and the connections between finance capital and the economic crisis.

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

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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Empire Notes

How effective has the antiwar movement been in generating and propagating a moral critique of war? Rahul Mahajan contends that the Left has in large part failed to shape public opinion or affect public policy. And Leo Panitch comments on the financial crisis, US empire, and the state's role in neoliberal globalization.

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Robin Blackburn, "The Subprime Crisis" New Left Review

Robin Blackburn, Age Shock: How Finance is Failing Us Verso, 2007

Understanding the current economic crisis requires grasping the connections between interest rate policy, household debt levels, the securitization of mortgages, and financialization more generally. Robin Blackburn elucidates those connections and discusses the impact of the crisis on pensions.