The long depression : marxism and the global crisis of capitalism

The Long Depression -- Introduction: Getting Depressed -- Chapter 1: The Cause of Depressions -- Chapter 2: The Long Depression of the Late Nineteenth Century -- Chapter 3: The Great Depression of the Mid-Twentieth Century -- Chapter 4: The Profitability Crisis and the Neoliberal Response -- Chapter 5: The Great Recession of the Twenty-First Century -- Chapter 6: Debt Matters -- Chapter 7: From Slump to Depression -- Chapter 8: America Crawls -- Chapter 9: The Failing Euro Project -- Chapter 10: Japan Stagnates -- Chapter 11: The Rest Cannot Escape -- Chapter 12: Cycles within Cycles -- Chapter 13: Past Its Use-By Date? -- Appendix 1: Measuring the Rate of Profit -- Appendix 2: The Failure of Keynesianism -- Bibliography -- Notes -- About the Author.;Setting out from an unapologetic Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump. China should complete its transition to a market economy through enterprise, land, labor, and financial sector reforms, strengthen its private sector, open its markets to greater competition and innovation, and ensure equality of opportunity to help achieve its goal of a new structure for economic growth. These are some of the key findings of China 2030, a joint research report by a team from the World Bank and the Development Research Center of China's State Council. This report lays out the case for a new development strategy for China to rebalance the role of government and market, private sector and society to reach the goal of becoming a-high income country by 2030. China 2030 recommends steps to deal with the risks facing China over the next 20 years, including the risk of a hard landing in the short term, as well as challenges posed by an ageing and shrinking workforce, rising inequality, environmental stresses, and external imbalances. The report presents six strategic directions for China's future: Completing the transition to a market economy; Accelerating the pace of open innovation; Going "green" to transform environmental stresses into green growth as a driver for development; Expanding opportunities and services such as health, education and access to jobs for all people; Modernizing and strengthening its domestic fiscal system; and Seeking mutually beneficial relations with the world by connecting China's structural reforms to the changing international economy China 2030 is a joint research report authored by a team from the World Bank and the Development Research Center of China's State Council. It lays out the case for a new development strategy for China to rebalance the role of government and market, private sector and society to reach the goal of becoming a-high income country by 2030. The report recommends steps to deal with the risks facing China over the next 20 years, including the risk of a hard landing in the short term, as well as challenges posed by an ageing and shrinking workforce, rising inequality, environmental stresses, and external imbalances. It lays out six strategic directions for China's future: Completing the transition to a market economy. Accelerating the pace of open innovation. Going 'green' to transform environmental stresses into green growth as a driver for development. Expanding opportunities and services such as health, education and access to jobs for all people. Modernizing and strengthening its domestic fiscal system; and Seeking mutually beneficial relations with the world by connecting China's structural reforms to the changing international economy. China 2030 finds that China should complete its transition to a market economy through enterprise, land, labor, and financial sector reforms, strengthen its private sector, open its markets to greater competition and innovation, and ensure equality of opportunity to help achieve its goal of a new structure for economic growth [the Author] Argues That The Global Economy Remains In The Throes Of A Depression. Making The Case That The Profitability Of Capital Is Too Low, And The Debt Built Up Before The Great Recession Too High, [he] Presents His Case That This Depression Will Persist Until The Profitability Of Capital Is Restored Through Yet Another Slump--back Cover. The Cause Of Depressions -- The Long Depression Of The Late Nineteenth Century -- The Great Depression Of The Mid-twentieth Century -- The Profitability Crisis And The Neoliberal Response -- The Great Recession Of The Twenty-first Century -- Debt Matters -- From Slump To Depression -- America Crawls -- The Failing Euro Project -- Japan Stagnates -- The Rest Cannot Escape -- Cycles Within Cycles -- Past Its Use-by Date? -- Measuring The Rate Of Profit -- The Failure Of Keynesianism. Michael Roberts. Includes Bibliographical References (pages 281-294) And Index.

China's economic performance over the past 30 years has been remarkable. The report is based on the strong conviction that China has the potential to become a modern, harmonious, and creative high income society by 2030. The report proposes six strategic directions for China's new development strategy: 1) rethinking the role of the state and the private sector to encourage increased competition in the economy; 2) encouraging innovation and adopting an open innovation system with links to global research and development networks; 3) looking to green development as a significant new growth opportunity; 4) promoting equality of opportunity and social protection for all; 5) strengthening the fiscal system and improving fiscal sustainability; and 6) ensuring that China, as an international stakeholder, continues its integration with global markets.

"Setting out from an unapologetic Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump"--Provided by publisher Setting out from an unapologetic Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump. Current Affairs,ebook Setting out from an unapologetic Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump.
This report examines whether China's economy can continue to grow to become the world's largest economy, even if its current growth rate slows, and whether it can maintain rapid growth with little disruption to the world, the environment and its own culture