The credit crunch of 2008 produced an international recession in 2009. In this volume Claudio Katz and Michel Husson, both fellows of the International Institute for Research and Education, and Raphie de Santos lead an attempt not to only to describe the present crisis, but also to understand its causes and debate socialist solutions. Sean Thompson shows how neoliberal globalisation has an inbuilt tendency towards deflation. As explained in the article by Francois Sabado, the period since the turn of the century has been a disaster for American capitalism; first the catastrophe in Iraq and of...