Manufacturers

Making Sense of the Crisis

Making Sense of the Crisis

Demystifying the Financial Sector *2

More details


£1.50

Making sense of the financial crisis may sound like a daunting task. Often the financial system comes across as an impenetrable web of obscure institutions and complicated transactions. Explanations of how these institutions work, what instruments they use and the impact that they have on us often get lost in the technical jargon used to talk about them. Libraries are full of economic theories and analyses used to explain or justify policies and opinions, yet they often assume readers are up to speed with the facts and debates. So is it possible to make sense of the crisis? We would like to think that it is and so have published the second part to the Corporate Watch Guide to Finance and Banking. A common trend in mainstream analysis of the financial crisis has been to blame individual institutions or managers for 'bad investment decisions' – the good old 'bad apples' argument. The first article in this briefing deconstructs this and other myths and shows how the credit crunch came about as an inevitable result of the recent developments in the present arrangements of the economic and financial system, i.e. capitalism. The second article, Crisis Stories, provides summaries of, and comments on, different interpretations and analyses of the financial crisis (Marxist, Keynesian and so on). Though it was originally written and published online in 2009, the author's analysis of the credit crunch still holds up and is, in fact, supported by recent developments. Finally, to complement 'our' critical take on the crisis, we have included an interview with a bank trader to give readers a glimpse into how 'they' think.

Cart  

No products

£0.00 Shipping
£0.00 Total

Cart Check out

New products

  • Food Revolutions Poster
  • No Path
Food Revolutions Poster
2013, Food revolutions poster by Corporate Watch. A2 full colour poster
Read more
No Path
Against speciesism, civilisation and the reign of ideas, issue #1,...
Read more
Landworkers Alliance Calendar 2023
Beautifully illustrated wall calendar for 2023, by the Landworkers Alliance
Read more
Perspectives on anarchist theory Issue 32
Issue 32 on Power. Journal published by the Institute for Anarchist...
Read more
Southend on Zine
by Graham Burnett, history and celebration of Southend's DIY culture. 2022
Read more
Black Seed: Where the absence is
Selected reprints from Black Seed magazine. LBC 2022
Read more
Black Seed: Not on any map
Indigenous Anarchy in an Anti-political World. LBC 2022
Read more
This is my real name
A Strippers Memoir, by Cid V Brunet, 2022
Read more
Opposing torture
by anarchist prisoner Sean Swain, LBC 2022
Read more
Under the radar?
The Changing Face of Repression Against Anarchism and Punk in Indonesia
Read more
Black Blossoms at the End of the World
Little Black Cart 2022
Read more
Breaking the alphabet
Little black cart, 2022
Read more
David Edelstadt, with His Poems for the Haymarket Martyrs by N.O. Bonzo
David Edelstadt, with His Poems for the Haymarket Martyrs by N.O. Bonzo....
Read more
Hermetica
Novel by Alan Lea
Read more
Kropotkin Escapes A6
Peter Kropotkin. A6 booklet, Detritus, 2022
Read more
Global Civil War
Global Civil War: Capitalism Post-Pandemic. By William I Robinson, PM...
Read more
The Great French Revolution, 1789-1793
The classic by Peter Kropotkin • New illustrated edition. Introduction:...
Read more
Dangerous Visions and New Worlds
Radical Science Fiction, 1950 to 1985 Details, celebrates, and evaluates...
Read more
Our time is now
Sex, Race, Class, and Caring for People and Planet. Selma James PM Press...
Read more

» All new products