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                                                                                     Book Review

EoC traces the global crisis since 2007, as well as the political and social changes in the U.S. and the rest of the world. Additionally, it examines the facts and laws that give light to how the crisis came about and where it is headed. It is a true response to the trains of thought of acclaimed economists, such as P. Krugman, J. Stiglitz, and N. Roubini. The book also demonstrates how the current crisis and the one from 1929 converge, as it meticulously makes an astute observation of some of the most important events that have defined the 20th century: Post wars, the Cold War, the 70's, and the Oils Crisis. The author, Daniel Campos, is a passionate member of academia who has studied global economies for 30 years. He has participated in international social studies conferences, and even politics, as part of the House of Representatives of the province of Buenos Aires, Argentina in the 90's, representing the United Left Party. We are confident this book will gain your attention. Within the short length of this work, you will find concise and well-linked information about real events that have concretely marked the global economy and have changed many parameters once believed to be immutable

 

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Highlights

"Multinationals are a higher form of accumulation, containing and outperforming monopolies. With multinationals, capitalism went from a lower form of accumulation and concentration of capital to a higher one, but as we saw in Chapter I, this process was not peaceful. To move from one form of accumulation and concentration of capital to another, it took 30 years and 2 world wars, with the balance of millions dead, razed cities, and nations and infrastructure destroyed " (The End of the Corporations- Chapter V Forms)

 

 

 

 

 

 

 

 

 

"When "Keynesians", such as Paul Krugman , Joseph Stiglitz and Nouriel Roubini, say that capitalism can recreate the "Keynesian regime" today, loudly claim economic stimulus, public works, and income taxes, and state that these measures may solve the grave crisis of 2007, they're just lying. They don't say that the scheme inspired by Lord Keynes was previously possible because cities, bridges, roads, counties, municipalities and factories were destroyed . " (The End of the Corporations- Chapter III 1929 & 2007)



 

 

 

 

 

 

 

" The world's economic crisis that started in 2007 is the most important in the history of capitalism. His most spectacular expression are the "bailouts", a massive injection of funds that takes more than U$S 30 trillion ... these figures, the largest in history, could rebuild Haiti 40 times, banish world hunger, or stop the destruction of the environment " (The End of the Corporations- Introduction)

 

 

 

 

 

 

 

 

 

"The current crisis that started in 2007, shows the exhaustion of the regime of globalization... Multinationals, the highest expression of the appreciation of capital and private property, account for approximately 30% of global GDP and 25% of trade. Without the massive intervention of central banks and the support of the G7's nations, they would have disappeared " (The End of the Corporations- Chapter IV Globalization)

 

 

 

 

 

 

 

 

 

"The crisis is installed in the center of the economy of the G7 countries. This occurs because of the attack to the heart of the world's capitalist system, multinationals, large companies and banks ... whose interests are becoming more deeply and intimately intertwined. The collapse of the current crisis was partially fixed thanks to the massive intervention of the G7's nations and the undeveloped countries" (The End of the Corporations- Introduction)

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