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Inequality and the Global Economic Crisis

Inequality, per se, has been with us for millennia. With the creation, growth and deepening of Capitalism across the globe, inequalities take on new dimensions, unknown in previous eras. As Capitalism has spread its wings across the globe over the last 200 or so years, so inequalities have deepened and widened, both inside Nation Sates, between nation States. These inequalities are of income, wealth and of power. This book, written by the widely respected economic historian Douglas Dowd at the age of 90, is notable for his own experience and vivid memory, of the 1929-31 recession. Since the 1980s, and the predominance of the present neo-liberal ideology, all of the inequalities that the book presents have grown rapidly. Written as a critique of the counter-productivity of growing economic inequality and vindicated by the present world banking crisis, Dowd presents a strong argument against capitalist expansion, exploitation and oligarchic rule. Dowd's conclusions, that the globalization and growth of the financial sector will impact painfully upon hundreds of millions of people, unknown to most of us in our lifetime, Dowd's book deals with these issues from the unique perspective of inequality. Presenting both a history of the current crisis and an overview of it's, Inequality will appeal to both a broad general readership, and provides an extremely useful reference point for students of political economy, economic history, contemporary economics and global politics.
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Table of Contents

Prologue 1. Inequality: An Introduction 2. Class Inequality and the Inequality of Political and Social Power 3. Inequality Based on Gender, "Race," Nationalism and Religion 4. Big Business and Inequality 5. Today's Inequality as Worsened by Consumerism and the Media, 6. Globalization: Unintended Consequences, Inc. 7. Financialization: Las Vegas, Inc. 8. Militarism and Inequality 9. Inequality's Consequences for its Victims and its Victimizers regarding: Poverty and Health Care 10. Inequality's Consequences for its Victims and its Victimizers regarding Education, Housing and the Homeless, Nutrition and Hunger, Opportunity, Dignity, Morale, and Family life 11. Inequality's Interacting Consequences for the Economy, Democracy, and Social Decency 12. Comparisons of Inequality and its treatment between the U.S.A. and Western Europe Epilogue Bibliography Index

About the Author

Douglas Dowd is a widely respected academic and political activist. He has taught at Cornell University, Johns Hopkins University, University of California, Berkeley, and San Jose State University and is currently teaching at the University of Modena in Italy. He is the author of Capitalism and its Economics (Pluto, 2004).


'Offers readers a reliable, clear-headed and compassionate analysis of the current global economic crisis' -- Marilyn B. Young, Professor of History, New York University and co-editor of Bombing Civilians: A 20th Century History. 'There's no person alive that I've learned more from than Doug Dowd' -- Daniel Ellsberg, author of "Secrets: A Memoir of Vietnam and the Pentagon Papers." 'Douglas Dowd is our most reliable economic historian, and in this book he skilfully weaves together the current economic crisis, the globalisation factor, and the persistence of equality to come up with a penetrating analysis of where we are today. The book is full of useful, often startling information. It is an ideal antidote to the nonsense we get from the so-called experts' -- Howard Zinn

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