Capitalism’s Last Stand?: Deglobalization in the Age of Austerity

Jul 08

Capitalism’s Last Stand?: Deglobalization in the Age of Austerity

In this eye-opening and often scathing book, Walden Bello provides a forensic dissection of contemporary capitalism’s multiple crises. Trenchant but constructive, Bello’s analysis of the collapse of the global real economy – covering such issues as the Wall Street meltdown, the disintegration of the Greek economy and the rise of China – emphasizes the ever more pressing need to engage in a radical process of ‘deglobalization’ towards a decentralized, pluralistic world system. Only then will we be able to construct a fairer and more equitable society. A stirring call to arms for all those interested in global economic justice. Order the book...

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The Food Wars

Sep 25

The Food Wars

Violent protests across the global South, in response to rocketing food prices from 2006 to 2008, highlighted an intrinsic flaw in the modern system of world trade—one that poses a serious threat to regional and international stability. In The Food Wars, Walden Bello traces the evolution of this crisis, examining its eruption in Mexico, Africa, the Philippines and China. Daring in vision and impassioned in tone, The Food Wars speaks out against the obscene imbalance in the most basic commodities between northern and southern hemispheres. Order from...

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Walden Bello presents Ho Chi Minh

Mar 07

Walden Bello presents Ho Chi Minh

By Ho Chi Minh; Walden Bello Publisher: Verso (November 19, 2007) Ho Chi Minh (1890-1969), the founder of the Vietminh and President of the Democratic Republic of Vietnam, was the archetypical Communist and anti-colonial revolutionary of the twentieth century. He played a key role in the formation of the French, Chinese, and Vietnamese Communist movements and fought successfully against Japanese, French and American imperialism, becoming a hate-figure of the American state during the Vietnam War. In this volume in the new “Revolutions” series, anti-globalization activist Walden Bello shows why Ho Chi Minh should still be read by anti-colonialists the world over. Order from...

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Dilemmas of Domination: The Unmaking of the American Empire

Apr 11

Dilemmas of Domination: The Unmaking of the American Empire

By Walden Bello Publisher: Holt Paperbacks (January 10, 2006) The empire seems unassailable, but the empire is weak – and precisely because of its imperial ambitions. Walden Bello dissects the dilemmas confronting America in its quest for global domination. Despite the enormity of the U.S. defence budget, American forces are already overextended – and will become more so as each local ‘victory‘ breeds simmering resistance. The empire faces looming economic breakdown, the result of its gargantuan military costs, record-breaking budget deficits, and exploitative trade and investment relations. On the political front, bitter disillusionment is spreading in response to America‘s failure to champion liberal democracy, crony capitalism and gross inequalities of income. Dilemmas of Domination reveals a not-too-distant future in which the empire‘s hidden weaknesses will yield fatal challenges to American supremacy. Order from...

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The Anti-Development State: The Political Economy of Permanent Crisis in the Philippines

Apr 11

The Anti-Development State: The Political Economy of Permanent Crisis in the Philippines

By Walden Bello, Herbert Docena, Marissa de Guzman and Mary Lou Malig Publisher: Zed Books (March 3, 2006) Seven million Filipinos live or work abroad. One in five wants to emigrate. What has gone wrong in the 20 years since the popular ousting of President Marcos? In this analysis of the roots of failure, Walden Bello shows how the political system remains dominated by a competitive elite who oppose any significant attempts to address the country‘s huge social inequalities. He pinpoints the unravelling of land reform, the overwhelming power of private interests, the foreign debt service burden, WTO pressure to adopt free market policies, and how sustainable and environmentally friendly development has been consistently undermined by structural adjustment. The way out, he argues, is through the wholesale overhaul of the system of governance, leading to a new development strategy based on more, not less, state intervention, the domestic market as the driver of growth, and working together with other countries in the South. “Though the book may be too harsh in its judgment of some well-meaning economic managers of the country, it does argue convincingly that the markets and the private sector need to be governed, and they cannot in any way substitute for bad governance and irresponsible government.” Joseph Lim, Bureau for Development Policy, UNDP and former Professor, UP School of Economics “In shining their spotlight on the Philippines, Bello and his associates illuminates the quagmire of the elite democracy ushered in by “people power”.  And they do so with verve and sight.  Globally renowned as a scholar and activist on globalization and peace, Bello is clearly one of today’s great critical minds.” Robin Broad, Associate Professor, School of International Studies, American University “This book offers a powerful indictment of the neoliberal economic policies pursued in the Philippines since the overthrow of Ferdinand Marcos.  The authors make a straightforward but compelling argument: the main obstacle to broad-based development has not been too much state intervention in the economy, but rather too much inequality in the distribution of wealth and power.” James K. Boyce, Professor of Economics, University of Massachusetts, Amherst Order from...

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Global Finance: New Thinking on Regulating Speculative Capital Markets

Apr 11

Global Finance: New Thinking on Regulating Speculative Capital Markets

Edited by Walden Bello, Nicola Bullard and Kamal Malhotra Publisher: Zed Books (December 15, 2000) In this important policy- and campaign-relevant volume, economists, intellectuals and NGO leaders from both North and South confront what has now become the central issue of the new globalized world economy. Ever since the Asian crisis of 1997 threatened a chain-reaction of economic destabilisation, governments, the IMF, even the G7, and even George Soros, have concluded that something needs to be done. This volume examines the range of different ideas and approaches they have come up with. Among the issues examined are: How do we go about renewing the process of governance of the global economy? Can the IMF be reformed? Do we need a new World Financial Authority? Is there a case for capital controls?Could an international bankruptcy procedure be set up for countries, emulating the US‘s Chapter 11 for companies? Is the Tobin Tax on foreign currency transactions part of the solution? What effective steps need to be taken in relation to the most deeply indebted countries? Order from...

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