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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Commodity: The Global Commodity System in the 21st Century

Commodity: The Global Commodity System in the 21st Century

Lysandrou, Photis

Hardcover

Series: Routledge Frontiers of Political Economy

EconomicsGeneral Political Science

ISBN10: 1138338605
ISBN13: 9781138338609
Publisher: Routledge
Published: Nov 6 2018
Pages: 102
Weight: 0.55
Height: 0.70 Width: 6.20 Depth: 8.80
Language: English

The 21st century marks a watershed in the history of the human economic condition. Income and wealth inequalities are now greater than ever before - and their role in the global financial crisis is one of the burning issues of today.

Commodity looks at the great financial crisis from an entirely original perspective - that of the global commodity system as a newly operational totality. In the 19th century, the commodity system as defined by Karl Marx was limited to a few regions and embraced only the labour and capital capacities and their outputs. By the end of the 20th century, it encompassed the entire planet and embraced government capacity as well as private capacities, financial securities and material goods and services. This book shows how the financial crisis and its causes can only properly be understood as a result of this vast, unprecedented extension of the commodity system - a system which benefits the rich. The author makes the watertight case that it is only through the creation of a global tax authority - to coordinate national tax regimes and to implement a tax on global wealth - that we can avoid another crisis and create a fairer and more equitable world.

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