From the leading magazine on the left, an expose of the failures, lies and misdeeds that caused the financial collapse - and a plan for rescuing the country. Over the past twelve months we have witnessed the calamitous unwinding of our financial institutions. This meltdown culminated in a tumultuous October in which banks failed and America witnessed its worst financial losses since the Great Depression. Even now the housing market continues its painful slide and foreclosures mount; the stock market gyrates wildly and ominous reports of job losses dominate the headlines. Faced with a complex and spiraling crisis, the government has poured billions of taxpayer cash into a bailout with no end in sight. America's economy - indeed the world's - has undergone a fundamental realignment, and we are still trying to understand where to go from here. Throughout each extraordinary development, "The Nation", America's oldest weekly magazine, tackled the hardest and most urgent questions facing the nation's leaders and its citizens. Meltdown draws together the best of "The Nation's" coverage of the financial crisis. From William Greider's perceptive article on Alan Greenspan's failing ideology to Doug Henwood's prescient analysis of the Fed; from Robert Sherrill's analysis of bubble economics to Barbara Ehrenreich on the self destruction of capitalism; from Kai Wright's moving reportage on the impact of foreclosures on black America to Jeffrey Madrick on 'How to Fix our Broken Economy', Meltdown not only explains recent events, but also reveals how years of governmental failure and skewed policies have brought us to this precipitous moment. Meltdown also brings together America's leading progressive thinkers - James Galbraith, Naomi Klein, Frances Fox Piven, and Robert Pollin - to explain what still needs to be done and the steps a TK (Obama / McCain) presidency must take to ensure a fairer, more equitable future for everyone.
About the Author
Katrina vanden Heuvel is the Editor and Publisher of The Nation, and the author of several books including Taking Back America and Dictionary of Republicanisms. She lives in New York City.
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