Capitalism After the Crash: The Rise and Fall of Neoliberalism
28 October 2010
The global financial meltdown of 2008 brought the world economy to its knees and destroyed three decades of neoliberal orthodoxy. The aftermath is still being felt today with the coalition government’s Comprehensive Spending Review on 20 October ushering in the “longest, deepest, sustained period of cuts to public services since World War II”, according to the Institute for Fiscal Studies.
But is the cuts agenda simply propping up a terminally listing economic model? Should the crash prompt us to reassess the viability of free market capitalism in tackling the complex dilemmas of the 21st century? And if so, what does a more equitable and sustainable economic system look like in the age of globalisation?
Paul Mason, Newsnight economics editor and author of Meltdown, is joined by writer and activist Jeremy Gilbert, Tony Greenham from The New Economic Foundation and Aditya Chakrabortty, economics leader writer for the Guardian, to debate the future of free market economics.
Meltdown: The End of the Age of Greed
by Paul Mason, 2010
A fully updated new edition of an acclaimed report on the global financial crisis.
Meltdown is a 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, 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 the impact of this development on capitalist ideology and politics.