The Credit Crunch: Housing Bubbles, Globalisation and the Worldwide Economic Crisis
Price : £6.00 & postage in UK £2.80 (or free collection)
Availability : In Stock

Published Date :
Published By Pluto Press
ISBN : 9780745328102
Category : Economics
Format : Paperback
Add To Basket

This book argues that the current financial turmoil signals a crisis in globalisation that will directly challenge the free market economic model.

Graham Turner shows that the housing bubbles in the West were deliberately created to mask the damage inflicted by companies shifting production abroad in an attempt to boost profits. As these bubbles burst, economic growth in many developed countries will inevitably tumble. The Japanese crisis of the 1990s shows that banks and governments may struggle to contain the fallout. The problem has not been limited to the US, UK and Europe: housing bubbles have become endemic across wide swathes of emerging market economies. As the West slides, these countries will see an implosion of their credit bubbles too, shaking their faith in the free market.

Turner is an experienced and successful economic forecaster, whose opinions are sought by large international banks and top financial journalists. Drawing from his first hand experience of the Japanese property crash of the 1990s, he presents his analysis in a clear and persuasive style, showing that the end of housing market growth spells disaster for neoliberal globalisation.



Open An Account

You can help to secure the future of radical bookselling by opening a Bookmarks Account.

We ask that you pay in a minimum of £10 a month by Standing Order which you can then spend on books at any time.

We will also give you 10% off all books or free postage anywhere in the UK.

Click Here

Merchandise

We sell much more than books, check out our posters, mugs and other stuff here

Bookmarks Publishing

Browse here for books from Bookmarks Publications and Redwords.

Bookmarks has been publishing books for over 40 years. Every year we publish a selection of books and pamphlets that address the key issues facing activists and trade unionists. Many of our older publications are available from our secondhand section.

See Our Publications