Global Capitalism in Disarray: Inequality, Debt, and Austerity [Hardcover]

Global capitalism is affected by the malaises of stagnation, financial fragility, increased income inequality, growing wealth concentration at the top, and a vanishing fair social contract. This book focuses on the incidence of these phenomena in the US, UK, Greece, Spain, Chile, South Africa, Australia, China, and other countries. The book looks at the effects of IMF-ECB led austerity policies in Europe. The book examines concrete country and global conditions combining theory, country studies, historical evidence, and international comparative analysis. The book also proposes new policy priorities to restore stability, reduce inequality, and consolidate democracy in 21st century capitalism.Global capitalism is affected by the malaises of stagnation, financial fragility, increased income inequality, growing wealth concentration at the top, and a vanishing fair social contract. This book focuses on the incidence of these phenomena in the US, UK, Greece, Spain, Chile, South Africa, Australia, China, and other countries. The book looks at the effects of IMF-ECB led austerity policies in Europe. The book examines concrete country and global conditions combining theory, country studies, historical evidence, and international comparative analysis. The book also proposes new policy priorities to restore stability, reduce inequality, and consolidate democracy in 21st century capitalism.Chapter 1: ForewordChapter 2: Neoliberal Macroeconomics and Its Discontents: Origins, Content and Alternative ApproachesChapter 3: Economic Inequality in a Democratic Society: Measurement, Causes and EffectsChapter 4: Historical Background, Democracy and Free Market Policies: United States, United Kingdom, Chile and South AfricaChapter 5: The Rise of Inequality in the United States and the United KingdomChapter 6: Wealth and Income Inequality in Chile and South AfricaChapter 7: Speculative Cycles in the Stock Market and Housing Market and the Role of GoldChapter 8: Private and Public Debt Cyl£9