Actions taken by the United States and other countries during the Great Recession focused on restoring the viability of major financial institutions while guaranteeing debt and stimulating growth. Once the markets stabilized, the United States enacted regulatory reforms that ultimately left basic economic structures unchanged. At the same time, the political class pursued austerity measures to curb the growing national debt. Drawing on the economic theories of Keynes and Minsky and applying them to the modern evolution of American banking and finance, William K. Tabb offers a chilling prediction about future crises and the structural factors inhibiting true reform. Tabb follows the rise of banking practices and financial motives in America over the past thirty years and the simultaneous growth of a shadow industry of hedge funds, private equity firms, and financial innovations such as derivatives. He marks the shift from an American economy based primarily on the production of goods and nonfinancial services to one characterized by financialization, then shows how these developments, perspectives, and approaches not only contributed to the recent financial crisis but also prevented the enactment of effective regulatory reform. He incisively analyzes the damage that increasing unsustainable debt and excessive risk-taking has done to our financial system and expands his critique to a discussion of world systems and globalization. Revealing the willful blind spots of mainstream finance theory, Tabb moves beyond an economic model reliant on debt expansion and dangerous levels of leverage, proposing instead a social structure of accumulation that places economic justice over profit and, more practically, institutes an inclusive, sustainable model for growth.

The last several decades have witnessed major restructurings--economic, political, and cultural--in the international arena. The depth and scope of these changes have prompted anthropologists to rethink many of their most basic assumptions, to problematize issues that have long gone unexamined, and to grapple with new and unique problems. Doing so has left the discipline profoundly unsettled. Existing standards of scholarship and research methodologies have come under attack, key conceptual categories have been called into question, and truths once considered secure have been subjected to severe scrutiny and even ridicule. Seizing upon the opportunity afforded by the contemporary conjuncture of disciplinary crisis and redefinition, this book raises questions about two interrelated aspects of historical process and academic production. The volume contributes to ongoing debates about the degree to which the developments of recent decades represent the advent of a new historical era, a rupture with the past that requires new conceptualizations and logics in order to be understood. In confronting this question, the contributors to this volume have assembled a range of materials that place the present period of reconstruction in the context of a broader history and geography of other, related restructurings. Locating Capitalism in Time and Space also raises questions about the degree to which the scholarship of recent decades represents a qualitative break with that of the past. At issue here is whether one understands the history of academic production as a linear process of intellectual growth punctuated by major breakthroughs in understanding, or as a political process structured by the same kinds of inequalities and struggles that characterize the social worlds that are the object of anthropological analysis.

Written by a team of experts on the contemporary global capitalist political economy who are able to shed light on the inner workings of global capitalism and the capitalist globalization process that has led to the growth and development of capitalism from the national to the global level, this groundbreaking volume provides critical analyses of the causes and consequences of the Great Recession of 2008-2009. Through a careful examination of the origin, development and aftermath of the catastrophic economic crisis from which the world is still trying to recover, editor Berch Berberoglu and his colleagues demonstrate that those most responsible for the economic collapse are the ones least affected by its devastating impact felt most severely by working people around the world. Ultimately, this book argues that it is only through the systematic restructuring of the world economy by the working class that society will be able to prevent the boom and bust cycle of global capitalist crises and usher in a more egalitarian socialist economy and society.

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This book discusses the nature of the new global capitalism, the rise of a globalized production and financial system, a transnational capitalist class, and a transnational state and warns of the rise of a global police state to contain the explosive contradictions of a global capitalist system that is crisis-ridden and out of control.

After the end of America’s longest (20-year) war in Afghanistan and Iraq that cost more than $6 trillion and nearly half a million lives, what does the future hold for America and the American people in the 21st century? In this timely and important book, Berch Berberoglu provides an eye-opening account of the history of the American Empire from its inception to the present, with prospects for its future. Examining the worldwide expansion of the American Empire over the course of its turbulent history in great detail, Berberoglu assesses America’s imperial legacy in a sober way, highlighting its failure to come to terms with the enormous cost of this adventure in imperial overreach. But Berberoglu sees light at the end of the long, dark tunnel, when the American people will awaken and lead the way to a new America after empire in the coming decades of the 21st century.

What does a feminist urban theory look like for the twenty first century? This book puts knowledges of feminist urban scholars, feminist scholars of social reproduction, and other urban theorists into conversation to propose an approach to the urban that recognises social reproduction both as foundational to urban transformations and as a methodological entry-point for urban studies. Offers an approach feminist urban theory that remains intentionally cautious of universal uses of social reproduction theory, instead focusing analytical attention on historical contingency and social difference Eleven chapters that collectively address distinct elements of the contemporary crisis in social reproduction and the urban through the lenses of infrastructure and subjectivity formation as well as through feminist efforts to decolonize urban knowledge production Deepens understandings of how people shape and reshape the spatial forms of their everyday lives, furthering understandings of the 'infinite variety' of the urban Essential reading for academics, researchers and scholars within urban studies, human geography, gender and sexuality studies, and sociology