Capital And The Debt Trap Paperback

India

Claudia Sanchez Bajo

The financial crisis is destroying wealth but is also a remarkable opportunity to uncover the ways by which debt can be used to regulate the economic system. This book uses four case studies of cooperatives to give an in-depth analysis on how they have braved the crisis and continued to generate wealth.

1137372354

9781137372352

English

Palgrave MacMillan

18 Dec 2013

284

Claudia Sanchez Bajo Has A Phd In Development Studies (iss, The Hague). She Is Chair In Co-perative Enterprises Within The Faculty Of Business And Economics At The University Of Winnipeg, Canada. She Has Lectured In The Netherlands, Germany, China And Latin America. She Has Published The Political Economy Of Regionalism - Business Actors In Mercosur In The Petrochemical And Steel Industrial Sectors (2001), And Contributed To The Political Economy Of Regions And Regionalisms (2005). Bruno Roelants Has A Master's In Labor Studies. He Is Secretary General Of Cicopa, The Sectoral Organization Of The International Cooperative Alliance For Industrial And Service Coperatives. He Has Worked On Development Projects In China, India And Eastern Europe, And Coordinated The Cooperative Negotiating Group On Ilo Recommendation 193 On The Promotion Of Cooperatives. He Has Lectured On Cooperatives And Local Development In Italy And Is Co-author Of Cooperatives, Territories And Jobs (2011).

Bruno Roelants

This elegant and deeply-informed inquiry weaves together several themes, each significant in itself, even more so as their relations are developed: the deep and persistent crises of capitalism, in the current phase highly financialized, and the fundamental issue of decision-making in social and economic institutions, with special attention to the elaborate growth of cooperatives of many varieties, the forms they have taken, the problems they face, and their great promise in overcoming economic crises, social malaise, and democratic dysfunction.' - Professor Noam Chomsky, Massachusetts Institute of Technology, USA 'Capital and the Debt Trap combines a searing critique of the unstable debt- and-profit driven system that came close to final collapse in the Great Crisis with a fine portrait of the modern cooperative alternative that exists today in Mexico, Canada, France and Spain. Are these perhaps the small creatures that will survive and flourish after the great dinosaurs are gone? Let's hope so.' - James K. Galbraith, Lyndon B. Johnson School of Public Affairs and University of Texas at Austin 'This book is simply a masterpiece on cooperativism for the xxi century. It outstandingly demonstrates why cooperatives are more resilient to the crisis and avoid falling into the dept trap and its implacable cohort of inhuman effects. A decisive contribution not only to economic democracy but also to Democracy as a political system.' - Yves Cabannes, University College London