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The crash of international finance-capital and its implications for the third world

Author: D Wadada Nabudere
Publisher: Cape Town : Pambazuka Press ; Kampala, Uganda : Fountain Publishers, 2009.
Edition/Format:   eBook : Document : English : 2nd ed.View all editions and formats
Summary:
Although the first edition was published in 1989 before the collapse of the Soviet Union, the analysis of the causes of the periodic crisis of capitalism is as relevant today as it was 20 years ago. In this second edition, the author provides an updated analysis of the crash of international finance-capital of 2007–2008 and draws out the likely implications for the Third World, a perspective that has received  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Nabudere, D. Wadada.
Crash of international finance-capital and its implications for the third world.
Cape Town : Pambazuka Press ; Kampala, Uganda : Fountain Publishers, 2009
(OCoLC)471673705
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: D Wadada Nabudere
ISBN: 9781906387440 1906387443 9780857490674 0857490672
OCLC Number: 775446357
Description: 1 online resource (xiv, 263 pages)
Contents: pt. 1. (1989) The crash of international finance-capital and its implications for the Third World --
pt. 2. (2009) The 2007-08 meltdown.
Responsibility: Dani Wadada Nabudere.

Abstract:

Although the first edition was published in 1989 before the collapse of the Soviet Union, the analysis of the causes of the periodic crisis of capitalism is as relevant today as it was 20 years ago. In this second edition, the author provides an updated analysis of the crash of international finance-capital of 2007–2008 and draws out the likely implications for the Third World, a perspective that has received little attention elsewhere. This book is a damning critique of a system that has paid trillions of dollars to bail out international banks and financial institutions, the very institutions that were responsible tor creating the crash, while the rest of humanity, especially the majority in the Third World, suffers its devastating consequences. Nabudere argues that capitalism has lost all moral and ethical claims to be a means for progress and that it is an indefensible system.

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