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World Slump: The Financial Crisis and Emerging Class Struggles in the Global South

Toronto, June 28, 2009 - The political period that has opened up since the financial turbulence of 2007 began to grip the world market has led to both a crisis of neoliberalism and an attempt to reconstruct it. The overaccumulation of capital in key sectors in the U.S. and Europe, particularly in real estate markets, auto production and financial services, has led to an economic contraction that has spread across global capitalism. The 'global south' has experienced some of the worst impacts of neoliberalism and of the world slump. This discusson explores the impact of the financial crisis in the global south, particularly with respect to cases in Africa and the Middle East, and emerging class struggles.

View it on Vimeo website

Part 1:

• Moderated by Greg Albo.
• Adam Hanieh - Department of Political Science, York University. Currently teaching and living in Dubai.

View it on YouTube website

Part 2:
• Patrick Bond - Director, Centre for Civil Society, University of KwaZulu-Natal, Durban.
• followed by Q+A with Patrick Bond and Adam Hanieh.

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