Business as usual : the roots of the global financial meltdown / edited by Craig Calhoun and Georgi Derluguian.

Includes bibliographical references and index.

Print version record.

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.

The end of the long twentieth century / Beverly J. Silver and Giovanni Arrighi -- Dynamics of (unresolved) global crisis / Immanuel Wallerstein -- The enigma of capital and the crisis this time / David Harvey -- A turning point or business as usual? / Daniel Chirot -- Marketization, social protection, emancipation: toward a neo-Polanyian conception of capitalist crisis / Nancy Fraser -- Crisis, underconsumption, and social policy / Caglar Keyder -- The crisis of global capitalism: toward a new economic culture? / Manuel Castells -- The convolution of capitalism / Gopal Balakrishnan -- The future in question: history and utopia in Latin America (1989-2010) / Fernando Coronil.

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