Global Capitalism in Disarray

Andres Solimano received his PhD in Economics from MIT and is Founder and Chairman of the International Center for Globalization and Development in Santiago, Chile. He is currently Research Associate at the Business School of Universidad Mayor in Santiago. He was Oxford -CAF Invited Fellow in 2015 at Saint Antony's College, Oxford University. Dr. Solimano has published several books on economic elites, crisis, global capitalism, inequality, international migration, and talent mobility. He held senior positions at the World Bank, United Nations, and the Inter-American Development Bank and is regularly invited to deliver academic talks. Dr. Solimano is also a regular participant in media programs on issues of economic policy, social conditions, the international economy, and global developments.

"Global Capitalism in Disarray can be considered one of the most important books in recent literature devoted to both economic and social impacts of capitalism in its current form. The author tells with clarity, facts, and force the true story of how incomes and wealth in advanced countries became so unequal." -- ILR Review"Global Capitalism in Disarray is a highly original look at the links between inequality and financial cycles, the effects of austerity policies on inequality and growth, and a detailed analysis of a number of country cases. It offers a comprehensive account of the multiple causes of the most severe crisis since the 1930s in advanced capitalist countries, its consequences and the difficulties for overcoming it. The book makes a very valuablecontribution to the analysis of the big economic questions of our time." -- Jaime Ros, Professor Emeritus of Economics, Kellogg Institute for International Studies, University of Notre Dame and Professor of Economics, National Autonomous University of Mexico (UNAM)"This is an excellent book. It covers a set of critical economic and political issues of our times with an international sweep. The historical-structural political economy analysis of inequality, debt cycles, and austerity is a good antidote to the mainstream economics perspective on these issues." -- Anthony P. D'Costa, Chair and Professor of Contemporary Indian Studies, Development Studies Program, University of Melbourne"Andres Solimano persuasively documents how neoliberal experiments of the recent three decades led to a variety of negative developments -- from increased unemployment and financial bubbles to the abuse of democratic procedures. What makes the book unique is that he forcefully argues that these negative developments, especially the unprecedented rise in income and wealth inequalities, threaten the very foundations of global capitalism." -- Vladimir Popov, Principal Researcher, CEMI, Russian Academy of Sciences"This is a very elegant and compelling mélange of economics, politics, and history. Solimano provides a distinctive comparative dimension on the interaction between the evolution and crisis of global capitalism and the rise of inequality." -- Jean-Marc Coicaud, Professor of Law and Global Affairs, Rutgers University, USA; Fellow, Academia Europaea

• Chapter 1: Foreword Chapter 2: Neoliberal Macroeconomics and Its Discontents: Origins, Content and Alternative Approaches Chapter 3: Economic Inequality in a Democratic Society: Measurement, Causes and Effects Chapter 4: Historical Background, Democracy and Free Market Policies: United States, United Kingdom, Chile and South Africa Chapter 5: The Rise of Inequality in the United States and the United Kingdom Chapter 6: Wealth and Income Inequality in Chile and South Africa Chapter 7: Speculative Cycles in the Stock Market and Housing Market and the Role of Gold Chapter 8: Private and Public Debt Cycles in Current and Historical Perspective Chapter 9: Stagnation, the Costs of Austerity and Rising Inequality in the European Periphery and Core Capitalist Economies Chapter 10: Epilogue