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94 b
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In the summer of 2008 people were jolted out of their complacent existence as the financial markets came crashing. The implications far flung and wide were identified as a global crisis. Things fall apart traces the dramatic events leading to the financial catastrophe that unsettled the supremacy and the dominance of the US dollar. It delves further into the unfolding consequences of the crisis that continue even today. It argues that the seeds of the present crisis were sown as capitalism responded to the stagflationary crisis of the seventies. The author provides a historical as well as a global perspective of the crash by comparing it with the Great Depression of 1930s. She also views the continuing crisis in the Euro zone as another manifestation of the rippling effect of the 2008 crisis. The changing structure of the US economy over the past three decades and the response of the state towards the repercussions are presented through an empirically grounded analysis. An interesting and comprehensive account of the course of events 'From the Crash of 2008 to the Great Slump' is what the book provides.
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