The coming First World debt crisis / Ann Pettifor
- Bib ID:
- 3805030
- Format:
- Book
- Author:
- Pettifor, Ann
- Description:
-
- New York : Palgrave, 2006
- viii, 190 p. ; 23 cm.
- ISBN:
-
- 9780230007857
- 9780230007840
- 0230007856
- 0230007848
- Summary:
-
"In this book, Ann Pettifor turns her attention from the debt crises of low-income countries to the ballooning debts of the rich, or 'first world' countries. She examines the history, politics and ethics of the coming 'first world' debt crisis, by paying particular attention to financial de-regulation and the 1970s re-structuring of the international financial system. The book highlights threats posed by high levels of debt to governments, corporations, households and individuals. But Pettifor also demonstrates that these debts have implications for the ecosystem, as debtors accelerate their rate of extraction of the earth's assets. An important and unique contribution is Pettifor's discussion of the ethical framework within which debt has been allowed to grow, and the implications for faith organizations. Pettifor contrasts Islam's condemnation of interest and usury with Christianity's more relaxed approach to money-lending, and calls on faith organizations to emulate their prophets and once again 'chase money-lenders from the temple'."--BOOK JACKET.
- Full contents:
-
- 1. Globalization : the house that finance built
- 2. Costless money and costly credit
- 3. Easy credit : costly debts
- 4. Poor country debt crises : causes and parallels
- 5. Moneytheism and lawless finance
- 6. Debtonation? : when and why it will happen?
- 7. Things don't have to be this way.
- The international financial system : at the root of the crisis
- Understanding money
- Debt : personal, household, corporate, and sovereign
- The bubble and the coming de(b)tonation
- Debt and ethics : an age-old struggle
- What is to be done?
- Conclusion.
- Notes:
- Includes bibliographical references and index.
- Subject:
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2006
Copyright status may not be correct if data in the record is incomplete or inaccurate. Other access conditions may also apply. For more information please see: Copyright in library collections.
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