Global Capitalist Crisis and the Second Great Depression

Egalitarian Systemic Models for Change

Armando Navarro

In this comprehensive work, Armando Navarro delivers a timely analysis of the global capitalist crisis that has arisen in the United States. Navarro offers a wide-ranging political historical analysis of events that led up to the present so-called “Second Great Depression.” Starting with the end of World War II, he tracks the various political and economic decisions that have led to the emergence of the global economic crisis that began in 2006. He provides context for the current economic situation by discussing the major economic and political events, including the Great Depression, the New Deal, the rise of neo-liberal capitalism, and the collapse of the subprime mortgage industry.
Navarro incisively reviews and critiques the Obama administration and Democrats’ quasi-welfare capitalist legislation. Driven by social democratic models, he constructs a transformative social movement paradigm that calls for the rise of reform and proposes dramatic systemic change. Navarro concludes by looking at the U.S. political culture—what he contends is the major obstacle to the rise of “socialism” in the United States—and speculates about the potentially bleak economic future to come.

Lexington Books

Pages: 436 • Trim: 6 x 9

978-0-7391-7375-6 • Paperback • December 2011 • $60.99 • (£47.00)

978-0-7391-7017-5 • eBook • January 2012 • $58.00 • (£45.00)

Subjects: Political Science / Public Policy / Economic Policy, Political Science / Political Economy

Global Capitalist Crisis and the Second Great Depression

Egalitarian Systemic Models for Change

Paperback

eBook

Summary

In this comprehensive work, Armando Navarro delivers a timely analysis of the global capitalist crisis that has arisen in the United States. Navarro offers a wide-ranging political historical analysis of events that led up to the present so-called “Second Great Depression.” Starting with the end of World War II, he tracks the various political and economic decisions that have led to the emergence of the global economic crisis that began in 2006. He provides context for the current economic situation by discussing the major economic and political events, including the Great Depression, the New Deal, the rise of neo-liberal capitalism, and the collapse of the subprime mortgage industry.
Navarro incisively reviews and critiques the Obama administration and Democrats’ quasi-welfare capitalist legislation. Driven by social democratic models, he constructs a transformative social movement paradigm that calls for the rise of reform and proposes dramatic systemic change. Navarro concludes by looking at the U.S. political culture—what he contends is the major obstacle to the rise of “socialism” in the United States—and speculates about the potentially bleak economic future to come.

Details

Lexington Books

Pages: 436 • Trim: 6 x 9

978-0-7391-7375-6 • Paperback • December 2011 • $60.99 • (£47.00)

978-0-7391-7017-5 • eBook • January 2012 • $58.00 • (£45.00)

Subjects: Political Science / Public Policy / Economic Policy, Political Science / Political Economy

Author

Armando Navarro is professor of political science in the Department of Ethnic Studies at the University of California, Riverside.

Table of Contents

Introduction: A World in Crises: A Time for Systemic Change
Part One: Global Capitalism: A History of Crises
Chapter One: The Roaring 20s and the Great Depression: Global Capitalism in Crisis
(1920s-1941).”
Chapter Two: Rise of Neoliberal Capitalism: From the U.S. Sub-Prime Crisis to the Emergent depression (1945-2009)
Chapter Three: Global Economic Crisis: Precursor to a World Depression? (2007-2010)
Chapter Four: The Second Great Depression: Obama Administration’s Welfare Capitalist Policies (2009-2010)
Part Two: What Needs to be Done? Two Egalitarian Systemic Change Models and the Building of a New Movement
Chapter Five: Reform Politics of Building a Social Democratic System: Model One for Systemic Change
Chapter Six: Transformative Politics of Building a Democratic Socialist Society: Model Two for Systemic Change
Chapter Seven: A Social Change Paradigm: The Building of a New Movement
Part Three: A Post-2010 Assessment of the Triad Crisis
Chapter Eight: The Triad Crisis Exacerbates: The Calamities Deepen (January-June 2011)
Chapter Nine: What is to Come? Domestic & Global Forecasts and Conclusions
Epilogue: Building of an Egalitarian Society in the U.S.: “What Now?”

Reviews

Amando Navarro has written a clear, forceful political history on global capitalism which give a context to what is happening to minorities and working class Americans. It is written in engaging style that is enlivened by a cadence and a sense of urgency. A scholar and an activist Navarro gives a prophetic vision of what's to be done and how to do it.
— Rodolfo F. Acuña, California State University at Northridge

Professor Navarro gives a penetrating critique of the financial and systematic failure and proposes a way out of the dilemma by creating new egalitarian economic and political systems. Always controversial and provocative, Professor Navarro’s sweeping analysis of history, economic theory and political systems will stimulate a valuable conversation as we search for a way out of the current crises.
— Richard Griswold del Castillo, San Diego State University

This book is a testament to Armando Navarro’s forty four years of activism, thirty seven years of teaching, and a lifetime of seeking alternatives to the historical injustices of U. S. capitalism. This work is a must read for all those that are questioning the roots of the global economic crisis, the failure of neoliberal capitalist politics, and the possibilities for a new democratic and transformative social movement.
— Jose Zapata Calderon, Pitzer College