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Life Arts    H3'ed 8/14/10

Book Review: The Global Economic Crisis

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The Global Economic Crisis: The Great Depression of the XXI Century

Michel Chossudovsky and Andrew Gavin Marshall, Editors

Global Research

ISBN 978-0-9737147-3-9

301 pages; Softcover

$25.95 US $27.95 CAN

by Kéllia Ramares

Orthodox economic theory does not acknowledge the amply documented fact that financial actors can not only influence but actually manipulate the market, make it move in a particular direction". Economic theory does not address the structural causes of economic collapse". We are not dealing with a cyclical process; what is at stake is a major dislocation in the financial, trading and productive structures of the global economy.

--Michel Chossudovsky, The Global Economic Crisis, p16 (emphasis in original).

Earlier this summer, I was invited to attend a brown bag lunch in Berkeley, California, hosted by the Sustainable Economies Law Center. SELC helps urban farmers, worker-owned co-ops, and other social enterprises sort through legal gray areas. The lunch was a discussion about money that had a diverse group of participants who wished to do various things such as "reboot" the financial system, promote individual investments in local food systems (Slow Money Alliance) or abolish monetary systems altogether (The End of Money, my contribution to the discussion). Although most of the discussion was focused on the future, one man was concerned with teaching people how the current system worked.

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Kellia is a freelance journalist in Oakland, CA who left the Pacifica Radio Network in July, 2010 after 11+ years in the KPFA news department and over 10 years with Free Speech Radio News. She is now in the odd position of needing a paid job while (more...)
 
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