| Description |
xiii, 265 pages ; 20 cm |
| Contents |
Midtown meltdown: the collapse of free-market capitalism -- Hyperdrive blitzkrieg: Wall Stree hubris kills the bailout, enrages America -- Financial Krakatoa: from the banking explosion to a volcanic winter of recession -- White shoes: how deregulation made the investments banks all-powerful -- Subprime: how the low-wage economy fuelled high-risk finance -- The big freeze: the credit crunch and the inflation spike of 2007-8 -- Helping is futile: the life and death of neoliberal ideology -- The disrupted wave: on the eve of depression or a new long upswing? -- The fatal stimulus: from global slump to Euro crisis -- The return of political economy: who pays for the crisis? |
| Summary |
Meltdown is the gripping account of the financial collapse that destroyed the West's investment banks, brought the global economy to its knees, and undermined three decades of neoliberal orthodoxy. Covering the development of the crisis from the economic front line, BBC Newsnight journalist Paul Mason 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. In this fully updated new edition, he recounts how the credit crunch became a full-blown financial crisis, and explores its impact on capitalist ideology and politics in our new age of austerity |
| Notes |
Previous ed.: 2009 |
| Bibliography |
Includes bibliographical references (pages [235]-247) and index |
| Subject |
Global Financial Crisis, 2008-2009.
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Economic history -- 1990-
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Financial crises.
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Capitalism -- History -- 21st century.
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Banks and banking -- History -- 21st century.
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International economic relations.
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| SUBJECT |
United Kingdom -- Economic conditions -- 1997-
http://id.loc.gov/authorities/subjects/sh95003606
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United States -- Economic conditions -- 2001-2009.
http://id.loc.gov/authorities/subjects/sh2001004604
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United States -- Economic conditions -- 2009-
http://id.loc.gov/authorities/subjects/sh2009006641
|
| ISBN |
9781844676538 paperback |
|
1844676536 paperback |
|
