[Marxism] Book on financial crisis by BBC Newsnight Economics Editor

["Verso Mail" <versomail@xxxxxxxxxxx>]

MELTDOWN

The End of the Age of Greed

 

A new book by BBC Newsnight Economics Editor, PAUL MASON

 

Published 27th April, 2009

 

----------------------------------------

 

Visit Verso's new blog for information on our upcoming events, new reviews and 
publications and special offers.

http://versouk.wordpress.com/

 

And get updates on Twitter too!

http://twitter.com/VersoBooksUK

 

----------------------------------------

 

In MELTDOWN, Mason takes us on a journey from the trading floors of the New 
York and London stock exchange, to the meeting rooms of HBOS and Lehman 
Brothers and the minds of senior government officials. Meltdown explores the 
roots of the US and UK's financial hubris, documenting the real-world causes 
and consequences, from the Ford factory, to Wall Street to the City of London. 

 

Gordon Brown hailed the result of deregulation as the 'golden age' of banking 
in the UK. Mason explains how deregulation is at the heart of the collapse of 
the banking system in September and October 2008 and how it led to expanded 
subprime mortgage lending, an uncontrollable derivatives market, and the lethal 
fusion of banking and insurance. 

 

>From the perils of uneven globalisation, the revolutionary effects of 
>information technology, ties between big business and government, to the rise 
>of the shadow banking system, Mason explores the complex web of factors that 
>ushered in a new era of finance that is now poised to self-destruct. 

Mason argues that the combination of huge government debts and printing new 
money - though it alleviated the symptoms of the crisis - has the potential to 
make the disease afflicting capitalism chronic for a lifetime. He warns that 
the 2009 recession has the ability to cause further bank collapses, 
country-level debt defaults, stock market crashes and intensified recession. 

 

Both, a trenchant critique of neo-liberalism and a response to the immense 
challenge now facing the existing economic system, MELTDOWN provides a 
definitive account of the meltdown of September and October 2008 and outlines a 
new era of hyper regulated capitalism that could emerge from the wreckage.

 

----------------------------------------

 

PAUL MASON will be talking about the ongoing financial crisis at several venues 
in the UK. See below for details:

 

23rd April at the Frontline Club (London), for details visit 
http://frontlineclub.com/events/2009/04/insight-with-paul-mason-financial-meltdown-and-the-end-of-the-age-of-greed.html

 

27th April at the University of Sheffield (Sheffield), for details visit 
http://www.shef.ac.uk/union/student-voice/theexchange/

 

7th May at Stratford Circus (London), for details visit 
http://www.stratford-circus.com/events/literature/paulmason.htm

 

12th May at Southbank Centre (London), for details visit 
http://www.southbankcentre.co.uk/literature-spoken-word/productions/the-credit-crunch-45689

 

----------------------------------------

 

ISBN 9781844673964  /  £7.99  /  $14.95  /  Paperback Original /  192 pages

 

For more information visit:

http://www.versobooks.com/books/klm/m-titles/mason_paul_meltdown.shtml

 

To buy the book:

http://www.amazon.co.uk/Meltdown-End-Greed-Paul-Mason/dp/1844673960/ref=sr_1_1?ie=UTF8&s=books&qid=1239979255&sr=8-1

http://www.amazon.com/Meltdown-End-Greed-Paul-Mason/dp/1844673960/ref=sr_1_1?ie=UTF8&s=books&qid=1239979391&sr=8-1

 

----------------------------------------

________________________________________________
YOU MUST clip all extraneous text when replying to a message.
Send list submissions to: Marxism@xxxxxxxxxxxxxxxxxxx
Set your options at: 
http://lists.econ.utah.edu/mailman/options/marxism/archive%40archives.econ.utah.edu