Meltdown tells the story of America’s recent economic collapse, which precipitated a major recession comparable to the 1930s, sent shocks throughout the global financial system and also brought down other national economies, including that of Iceland. Tackling a complex and often impenetrable set of phenomena, renowned BBC journalist Paul Mason employs accessible language to examine their real world causes, recounting and elucidating the events that froze the financial system and brought down the country’s largest and oldest banks. Ranging from the roots of financial hubris to the past three decades of neoliberal orthodoxy, from the Ford factory to home ownership to Wall Street, Mason challenges the reigning economic ideology, suggesting finally that a turn toward a hyper-regulated capitalism is the only viable possibility.
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