A Decade of Aftershocks
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Economic Wishful Thinking and the Democratic Crisis
by Jacqueline Best
“Politicians proved unwilling to do the hard work of challenging vested interests and convincing electorates of the need for more profound reforms in the aftermath of the crisis.”
The Great Recession and the Destruction of Minority Wealth
by Douglas S. Massey and Jacob S. Rugh
“In the course of the Great Recession, already fragile black and Hispanic middle-class households lost huge amounts of wealth, which had often been painstakingly accumulated over many decades.” Third in a series on social mobility around the world.
The Great Recession’s Lasting Impact on Labor
by Chris Tilly
“[G]iven paltry real wages and the soul-crushing and skill-devaluing experience of long-term unemployment, fewer Americans are working at all.”
Post-Crisis Political Change in Western Europe
by Julia Lynch and Jonathan Hopkin
“[T]he financial crisis can be best understood as the final catastrophic stage of a process of dismantling the protective institutions that made Western European capitalism politically sustainable...”
Perspective: The Upside of a Messier Global Financial Architecture
by Ilene Grabel
At least one good thing may have emerged from the crisis: new international lending institutions led by developing nations are challenging and complementing the old US-dominated regime.
Books: A Secret History of the Crash?
by Harold James
A new account of the 2008 crisis and the turbulent decade that followed shows how global capitalism’s self-inflicted wounds accelerated major geopolitical realignments.