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Business as Usual

The Roots of the Global Financial Meltdown
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Situates the current crisis in the historical trajectory of the capitalist world-system, showing how the crisis was made possible not only by neoliberal financial reforms but by a massive turn away from manufacturing things of value towards seeking profit from financial exchange and credit. Much more basic than the result of a few financial traders cheating the system, this is a potential historical turning point. In original essays, the contributors establish why the system was ripe for crisis of the past, and yet why this meltdown was different. The volume concludes by asking whether as deep as the crisis is, it may contain seeds of a new global economy, what role the US will play, and whether China or other countries will rise to global leadership. Contributors include: Giovanni Arrighi, Gopal Balakrishnan, Manuel Castells, Daniel Chirot, Fernando Coronil, Nancy Fraser, James K. Galbraith, David Harvey, Caglar Keyder, Beverly J. Silver, and Immanuel Wallerstein. Business as Usual is the first part of a trilogy comprised of the first three books in the Possible Future series. Volume 1: Business as Usual Volume 2: The Deepening Crisis Volume 3: Aftermath The three volumes are linked by a common introduction and can be purchased individually or as a set.
Series Acknowledgments Series Introduction: From the Current Crisis to Possible Futures Craig Calhoun Introduction Craig Calhoun and Georgi Derluguian1 The End of the Long Twentieth Century Beverly J. Silver and Giovanni Arrighi2 Dynamics of (Unresolved) Global Crisis Immanuel Wallerstein3 The Enigma of Capital and the Crisis This Time David Harvey4 A Turning Point or Business as Usual? Daniel Chirot5 Marketization, Social Protection, Emancipation: Toward a Neo-Polanyian Conception of Capitalist Crisis Nancy Fraser6 Crisis, Underconsumption, and Social Policy Caglar Keyder7 The Crisis of Global Capitalism: Toward a New Economic Culture? Manuel Castells 8 The Convolution of Capitalism Gopal Balakrishnan9 The Future in Question: History and Utopia in Latin America (1989-2010) Fernando Coronil Notes About the Contributors Index
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