Contours of Descent: U.S. Economic Fractures and the Landscape of Global Austerity (Paperback)
  • Contours of Descent: U.S. Economic Fractures and the Landscape of Global Austerity (Paperback)
zoom

Contours of Descent: U.S. Economic Fractures and the Landscape of Global Austerity (Paperback)

(author)
£9.99
Paperback 288 Pages / Published: 23/09/2005
  • In stock online

Usually dispatched within 24 hours

  • This item has been added to your basket
Your local Waterstones may have stock of this item. Please check by using Click & Collect
In the past twenty-five years the free-market neoliberal model has been hailed as a panacea for economic ills in both the advanced economies and the developing world. Pollin dissects this model as it has been implemented in the U.S. during the Clinton and Bush administrations under Greenspan's Chairmanship of the Federal Reserve, and in developing countries under the auspices of the IMF. Clinton's Third Way Policies were hailed as combining a pro-business stance with social responsibility. This approach seemed to be vindicated by the extraordinary fall in both inflation and unemployment. In fact, the apparent successes of the Clinton years were based on anti-labor policies, the stagnation of real wages, deregulation of financial markets, and an historically unprecedented stock market boom. Even before 9/11 there were indications that the Clinton bubble would collapse into recession. Bush's response was to give big tax breaks to the rich, introduce more anti-labor measures, and cut social spending at both the federal and state levels. Both Clinton and Bush have applied free-market policies only selectively within the U.S. itself, when such policies have most benefited the interests of business. At the same time, through the IMF, the U.S. has compelled developing countries to slash public spending, deregulate financial markets and dismantle trade barriers virtually across the board. Argentina's embrace of this policy package culminated in financial ruin. Throughout Asia and Africa, sweatshops and poverty are the testaments to a bankrupt economic model. Pollin concludes by exploring concrete proposals that would promote full employment, economic growth and increased equality in the U.S. and throughout the less developed countries, drawing on the spreading movements for living wages, the Tobin Tax on financial speculation, and more generally workable alternative to neoliberal globalization.

Publisher: Verso Books
ISBN: 9781844675340
Number of pages: 288
Weight: 413 g
Dimensions: 191 x 140 x 19 mm

You may also be interested in...

The Wealth of Nations
Added to basket
The Fourth Revolution
Added to basket
A Brief History of Neoliberalism
Added to basket
For a New West
Added to basket
£18.99
Paperback
After Hegemony
Added to basket
£27.00
Paperback
Currency Wars
Added to basket
£14.99
Paperback
The Oxford Handbook of Regulation
Added to basket
Stress Test
Added to basket
£9.99
Paperback
The Rift
Added to basket
£9.99
Paperback
Vietnam
Added to basket
£12.99
Paperback
Public Finance and Public Policy
Added to basket
Capitalism and Freedom
Added to basket
The Economic Consequences of Peace
Added to basket
How Much is Enough?
Added to basket
The Economics of European Integration
Added to basket
Winner Take All
Added to basket
£9.99
Paperback

Reviews

Please sign in to write a review

Your review has been submitted successfully.