Recorded at the Mondragon, Radical Bookfair and DIY Festival.
Karen Mackintosh, Josh Brandon
The global financial crash of the late 2000s blindsided the world's capitalist elite. Even in 2008, Canada's finance minister was expecting rosy surpluses, as were many of the leading bankers. Only a few months later, Canada, along with the rest of the industrial world, was in the throws of the worst economic crisis since the Great Depression. This crisis bankrupted some of the oldest and largest investment firms in the world and threw millions into unemployment. The causes of the crash remain poorly understood, even as new terms such as derivatives, hedge funds and short selling have entered into our common lexicon. David McNally, professor of Political Science at Toronto's York University, set out to understand and explain this crisis and its ongoing effects in his 2011 book Global Slump: The Economics and Politics of Crisis and Resistance.
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