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Meltdown: The End of the Age of Greed

A fully updated new edition of an acclaimed report on the global financial crisis.
Meltdown is the gripping account of the financial collapse that destroyed the West’s investment banks, brought the global economy to its knees, and undermined three decades of neoliberal orthodoxy. Covering the development of the crisis from the economic front line, BBC Newsnight journalist Paul Mason explores the roots of the US and UK’s financial hubris, documenting the real-world causes and consequences from the Ford factory, to Wall Street, to the City of London. In this fully updated new edition, he recounts how the credit crunch became a full-blown financial crisis, and explores its impact on capitalist ideology and politics in our new age of austerity.

Reviews

  • “A page-turning account … Mason is refreshingly clear-eyed—and angry.”
  • “Excellent.”
  • “What people need is a reliable guide to the financial crisis … Meltdown is the book they are looking for.”
  • “A lucid and sharply polemical account.”

Blog

  • Wtf is Eleni Haifa? A New Essay by Paul Mason

    Paul Mason follows in the footsteps of Virginia Woolf in search of fictional character in the age of social media.



    I get on a train and there, eventually, is Eleni Haifa: about 22, massive hair and 5 ft tall.

    She is either Italian, Jewish, Arab, Turkish, Kurdish or Greek. She has olive skin and is wearing high heels with gold tips, a white jacket, oyster coloured skirt and carrying two iPhones, one in a black case and one red.

    She has one iPhone in each hand and is transferring something from one to another by typing using her thumbs. But not the tips of her thumbs because her nails are so long – and polished – that she has to use the pads of her thumbs to type, very fast. She puts one down – the one playing her music - and then goes to Facebook on the other: to her profile, where the picture is some kind of cartoon. She flips to What’sApp – I can tell it’s What’sApp from the green message boxes. Between Clapham Junction and Waterloo she spends her switching between What’s App and Facebook. She’s been on the train at least from Richmond.

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  • Post-crash economics: a reading list

    Neoliberal economics isn't working and students are demanding more from their course reading than the 8th edition of Macroeconomics can provide. Following the news that Economics students in Manchester have formed the Post-Crash Economics Society and Aditya Chakrabortty's excoriating and controversial commentary on the state of contemporary economics, published in the Guardian, Verso presents a reading list of economics titles which challenge the mainstream neoliberal consensus and offer powerful alternative models in contemporary economics.
     


    First up, Wolfgang Streeck's analysis of the 2008 financial crisis, Buying Time: The Delayed Crisis of Democratic Capitalism.
    Placing the crisis in the context of the neoliberal transformation of society that began in the 1970s, Streeck's focus is on the tensions that this has produced between states, voters and capitalist enterprises. Buying Time asks fundamental questions about the compatibility between democracy and contemporary forms of capitalism. 
    Read Streeck's excellent article on the end of capitalism at the New Left Review website.

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  • The Verso Undergraduate Reading List



    BACK TO UNIVERSITY/SCHOOL! 50% OFF EVERYTHING FOR ONE WEEK ONLY!

    Feeling underwhelmed by your orthodox assigned readings? Expand your knowledge of left theory, give your political arguments some bite, and spark a love for revolutionary writers with this updated list of essential Verso books for undergraduates.

    Whether you're a student of history, sociology, political science, or geography, look no further for key radical texts and indispensable primers on today's top thinkers. 

    The list is divided into Politics, Philosophy, Feminism, Postcolonial Studies, History and Geography - see below for our recommended reading in these areas.

    All of these books will be discounted by 50%, with free shipping and bundled ebook, when you buy through our website until midnight on Tuesday September 16th! Not all books are available in all regions (apologies!) and - of course - only whilst stocks last.

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