Financial Tsunami and Economic Crisis The End of American Hegemony

Ben Mah’s book explains why neoliberal economic theory must fail as seriously in China as it has failed in the post-Soviet economies, in Third World countries and in the United States itself. It shows that the idea of “growing” by running into debt ends up diverting income away from the “real” economy to benefit bankers and other creditors, who lobby for their major customers, real estate and monopolies.Ben Mah’s “Financial Tsunami and Economic Crisis—the End of American Hegemony” is a must read for those who wish to understand the nature of capitalist globalization, and the intricacies of the present financial breakdown. Most valuable are Mah’s independent perspective and encyclopedic scope.