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 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 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 recession. Since the 1980s, and the predominance of the present neo-liberal ideology, all of the inequalities that the book presents have grown critique of the counter-productivity of growing economic inequality and vindicated by the present world banking crisis, Dowd presents a strong capitalist expansion, exploitation and oligarchic rule. Dowd's concludes that the globalization and growth of the financial sector will impact painfully upon hundreds of millions of people, unknown lifetime; Dowd's book deals with these issues from the unique perspective of inequality. Presenting both a history of the current crisis and an Inequality will appeal to both a broad general readership, and provides an extremely useful reference point for students of political economy, contemporary economics and global politics.

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, among others. Doug Dowd is the author of Capitalism and its Economics (Pluto, 2004).