- "Capital and the Debt Trap combines a searing critique of the unstable debt- and-profit driven system that came close to final collapse in the Great Crisis with a fine portrait of the modern cooperative alternative that exists today in Mexico, Canada, France and Spain. Are these perhaps the small creatures that will survive and flourish after the great dinosaurs are gone? Let’s hope so."James K. Galbraith
- Read Capital and the Debt Trap in Chinese and Slovene
- New 2014 paperback available in English – En 2013 publicado en castellano por Intercoop
- Midwest Book Review wrote “Informed, analytical, and informative, “Capital And The Debt Trap” will prove to be thoughtful, thought-provoking, and usefully instructive, making it especially recommended for professional, governmental, and academic library Economic Studies reference collections and supplemental reading lists.”
- From Yang Qian
- From James K. Galbraith
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Since the book “Capital and the Debt Trap” will be available next August 28th, we have requested our editor this file to post it on the blog.
The Foreword was written by Emeritus Professor of History Ian MacPherson, from University of Victoria, in Canada.
We are sincerely grateful to his sharp and deep analysis of the book. First and foremost, because we highly respect Professor MacPherson’s work and knowledge of cooperatives.
So, here they are, a few pages especially for you! Read here the book contents, foreword and first pages.
The recent financial crisis has had a devastating impact worldwide. Thousands of businesses have closed, millions of jobs have evaporated and many people have lost their homes. Studies and reviews abound, but this book is different in its construction, style and proposal. Published by Palgrave Macmillan in 2011, the book explains how we have fallen into a trap linking the financial sector to the real economy, not only with a rigorous and in-depth analysis, but also theoretically, exploring the fundamental issue of control.
Capital and the Debt Trap, Learning from Cooperatives in the Global Crisis
by Claudia Sanchez Bajo and Bruno Roelants
Palgrave Macmillan 2011