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Aftermath: The Cultures of the Economic Crisis


Aftermath: The Cultures of the Economic Crisis

Hardback by Castells, Manuel (, University Professor and the Wallis Annenberg Chair of Communication Technology and Society, the University of Southern California); Caraça, João (, Director of the Science Department, the Calouste Gulbenkian Foundation, Lisbon); Cardoso, Gustavo (, Professor of Media and Society, IUL - Lisbon University Institute)

Aftermath: The Cultures of the Economic Crisis

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ISBN:
9780199658411
Publication Date:
26 Jul 2012
Language:
English
Publisher:
Oxford University Press
Pages:
330 pages
Format:
Hardback
For delivery:
Estimated despatch 28 May - 2 Jun 2024
Aftermath: The Cultures of the Economic Crisis

Description

The crisis of global capitalism that has unfolded since 2008 is more than an economic crisis. It is structural and multidimensional. The sequence of events that have taken place in its aftermath show that we are entering a world that is very different from the social and economic conditions that characterized the rise of global, informational capitalism in the preceding three decades. The policies and strategies that intended to manage the crisis-with mixed results depending on the country-may usher in a distinctly different economic and institutional system, as the New Deal, the construction of the European Welfare State, and the Bretton Woods global financial architecture all gave rise to a new form of capitalism in the aftermath of the 1930s Depression, and World War II. This volume examines the cultures and institutions at the root of the crisis, as well as the conflicts and debates that lead to a new social landscape, including the rise of alternative economic cultures expressed in the social movements occupying Wall Street. The book presents the results of a shared project of reflection by an interdisciplinary group of researchers from around the world. It contends that there is no quick fix to the current financial and political system. Life beyond the crisis requires a transformation of the mindset that led to bankruptcy and despair, and to economies and societies based on an unsustainable model of speculative finance and political irresponsibility. The book explains why and explores the contours of the world emerging in the aftermath of the crisis.

Contents

PRELUDE; WHICH CRISIS? WHOSE CRISIS?; DEALING WITH THE CRISIS; BEYOND THE CRISIS; THE NON-GLOBAL GLOBAL CRISIS; AFTERMATH?

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