After the Great Recession: The New Normal

Political economy is a dynamic field of study that combines left-leaning pamphlets with academic essays to explore key questions and generate new insights. "After the Great Recession: The New Normal" offers a comprehensive view of the 2008 financial crisis and its lasting impact on the world and economy, exploring the nature of capitalism, the financialised version, and the impact of environmental changes on governance. The book suggests that fossil fuel may not be available and/or profitable to extract in the quantities required long before renewable energy can substitute for it, and calls for simplified political structures to prepare for future rebuilding.

Format: Paperback / softback
Length: 320 pages
Publication date: 28 September 2023
Publisher: Troubador Publishing

Political economy is a dynamic and captivating field of study that offers both alarming and lucrative insights. "After the Great Recession: The New Normal" is a hybrid of a passionate left-leaning pamphlet and an academic essay in political economy, seamlessly merging a wide range of readings to clarify and address critical questions, while also raising new ones. In this insightful, thought-provoking, and timely book, the author explores the devastating 2008 financial crisis and its lasting impact on our world and the economy. The author delves into the nature of capitalism and its financialized version, examining how environmental changes affect humanity's ability to govern and the constraints posed by access to materials and energy for the future of civilizations. The book also investigates the history of several oil shocks, highlighting the importance of secure energy supplies as a driving force behind geostrategic strategies. However, the author suggests that fossil fuels may not be available or profitable to extract in the quantities required, long before renewable energy can fully substitute for them.

Financialized capitalism, plagued by cycles of boom and bust that harm the real economy, is gradually collapsing in slow motion. It is urgent to agree on simplified political structures that can help us navigate the decline predicted in "Limits to Growth" and prepare for future rebuilding.

In conclusion, "After the Great Recession: The New Normal" is a must-read for anyone interested in understanding the complex dynamics of the global economy and the urgent need for transformative change. The book provides a comprehensive view of the financial crisis, explores the nature of capitalism, and raises important questions about the future of our world. By engaging with its insights, we can work towards building a more sustainable and equitable society.

Dimension: 198 x 129 (mm)
ISBN-13: 9781803136134