Your Money or Your Life: The Tyranny of Global Finance

by Éric Toussaint

In the last decade, neoliberal policies have created debt and global impoverishment on a massive scale. In this updated edition of his internationally recognized book, Eric Toussaint traces the origins and development of the crisis in global finance. This new edition is fully updated with new statistics to account for new developments in global financial institutions like the World Bank and IMF. Your Money or Your Life is widely considered one of the clearest and best-documented books on globalization available. Includes an extensive bibliography and notes. Eric Toussaint is president of the Committee for the Cancellation of Third World Debt and is a fellow and frequent lecturer at the International Institute for Research and Education in Amsterdam.

Genres: Economics, Finance, Politics

475 pages, Paperback

First published August 1, 1998

Reviews

[Eric Dowdle · Rating 4 out of 5]

Lots of great information about the tyranny, corruption, and bad faith of the global neoliberal ideology and its institutions - and a reminder that it could certainly be otherwise!

It is fascinating to read this (written before the 2008 crash) and see the author discussing all of the issues that would cause it.

[Aviral Goel · Rating 4 out of 5]

"For the hand to remain invisible, the eye must be blind."

[Fernando · Rating 4 out of 5]

This chapter is a must: The Third World Debt Crisis in the 1980s and 1990s

[George Velez · Rating 5 out of 5]

It's a must read for all of those that wish to understand a perspective of global financing as it relates to the ones who are being taken advantage of.

[Julian Haigh · Rating 3 out of 5]

From an almost Marxist perspective, this book is valuable in pointing out problems in our global debt system but the analysis is overly prescriptive. Obviously well-researched with important perspectives, I feel the critique overly relied on capitalist definitions of GDP, growth, etc, and didn't really offer solutions. That said, I don't know that I have them yet either!