We've been told for years that the capitalist free market is a self-correcting perpetual growth machine in which sellers always find buyers, precluding any major crisis in the system. Then the credit crunch of August 2007 turned into the great crash of SeptemberOctober 2008, leading one apologist for the system, Willem Buiter, to write of "the end of capitalism as we knew it."
As the crisis unfolded, the world witnessed the way in which the runaway speculation of the "shadow" banking system wreaked havoc on world markets, leaving real human devastation in its wake. Faced with the...

A new edition of the bestselling comprehensive radical history of the planet

In this monumental book, Chris Harman achieves the impossible--a gripping history of the planet from the perspective of struggling peoples throughout the ages.

From the earliest human societies to the Holy Roman Empire, from the Middle Ages to the Enlightenment, from the Industrial Revolution to the end of the twentieth century, Chris Harman provides a brilliant and comprehensive history of the human race. Eschewing the standard accounts of "Great Men," of dates and kings, Harman offers a...