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Meltdown: The end of the age of greed. (2010)

The financial meltdown of 2008 “was the product of giant hubris and the untrammelled power of the financial elite.”

Paul Mason, journalist, broadcaster, visiting professor University of Wolverhampton
Publisher: Verso

Extract:

“In the first week of October 2008 a deregulated banking system brought the entire economy of the world to the brink of collapse. It was the product of giant hubris and the untrammelled power of the financial elite.

“The crisis happened because the world was persuaded to forget the causes and consequences of 1929. It must never forget the events of 2008”

From the publisher’s website:

Meltdown is the gripping account of the financial collapse that destroyed the West’s investment banks, brought the global economy to its knees, and undermined three decades of neoliberal orthodoxy.

“Covering the development of the crisis from the economic front line, former BBC Newsnight journalist Paul Mason explores the roots of the US and UK’s financial hubris, documenting the real-world causes and consequences from the Ford factory, to Wall Street, to the City of London. …he recounts how the credit crunch became a full-blown financial crisis, and explores its impact on capitalist ideology and politics…”

Buy the book here: Meltdown: The end of the age of greed.

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