Overview

In this comprehensive work, Armando Navarro delivers a timely analysis of the global capitalist crisis that has arisen in the United States. Navarro offers a wide-ranging political historical analysis of events the led up to the present co-called “Second Great Depression.” Starting with the end of World War II, he tracks the various political and economic decisions that have led to the emergence of the global economic crisis that began in 2006. He provides context for the current economic situation by discussing the major economic and political events, including the Great Depression, the New Deal, the rise of neo-liberal capitalism, and the collapse of the subprime mortgage industry. Navarro incisively reviews and critiques the Obama administration and Democrats’ quasi-welfare capitalist legislation. Driven by social democratic models, he constructs a transformative social movement paradigm that calls for the rise of reform and proposes dramatic systemic change. Navarro concludes by looking at the U.S. political culture—what he contends is the major obstacle to the rise of “socialism” in the United States—and speculates about the potentially bleak economic future to come.

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9780739173756

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Reviews

Amando Navarro has written a clear, forceful political history on global capitalism which give a context to what is happening to minorities and working class Americans. It is written in engaging style that is enlivened by a cadence and a sense of urgency. A scholar and an activist Navarro gives a prophetic vision of what's to be done and how to do it. -- Acuna, Rodolfo F. Professor Navarro gives a penetrating critique of how of the financial and systematic failure and proposes a way out of the dilemma by creating new egalitarian economic and political systems. Always controversial and provocative, Professor Navarro's sweeping analysis of history, economic theory and political systems will stimulate a valuable conversation as we search for a way out of the current crises. -- Richard Griswold del Castillo This book is a testament to Armando Navarro's forty four years of activism, thirty seven years of teaching, and a lifetime of seeking alternatives to the historical injustices of U. S. capitalism. This work is a must read for all those that are questioning the roots of the global economic crisis, the failure of neoliberal capitalist politics, and the possibilities for a new democratic and transformative social movement. -- Calderon, Jose Zapata

Author Information

Armando Navarro is professor of political science at the University of California, Riverside in the Department of Ethnic Studies.

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