In The Enigma of Capital, he delivers an impassioned account of how unchecked neoliberalism produced the system-wide crisis that now engulfs the world. Beginning in the 1970s, profitability pressures led the capitalist class in advanced countries to shift away from investment in industrial production at home toward the higher returns that financial products promised. Accompanying this was a shift towards privatization, an absolute decline in the bargaining power of labor, and the dispersion of production throughout the developing world. The decades-long and ongoing decline in wages that accompanied this turn produced a dilemma: how can goods--especially real estate--sell at the same rate as before if workers are making less in relative terms? The answer was a huge expansion of credit that fueled the explosive growth of both the financial industry and the real estate market. When one key market collapsed--real estate--the other one did as well, and social devastation resulted. Harvey places today's crisis in the broadest possible context: the historical development of global capitalism itself from the industrial era onward. Moving deftly between this history and the unfolding of the current crisis, he concentrates on how such crises both devastate workers and create openings for challenging the system's legitimacy. The battle now will be between the still-powerful forces that want to reconstitute the system of yesterday and those that want to replace it with one that prizes social justice and economic equality. The new afterword focuses on the continuing impact of the crisis and the response to it in 2010. One of Huffington Post's Best Social and Political Awareness Books of 2010 Winner of the Isaac and Tamara Deutscher Memorial Prize for 2010 Praise for the Hardcover: "A lucid and penetrating account of how the power of capital shapes our world."--Andrew Gamble, Independent "Elegant... entertainingly swashbuckling... Harvey's analysis is interesting not only for the breadth of his scholarship but his recognition of the system's strengths."--John Gapper, Financial Times

     BOOK EXCERPT: By the time Hugh Glass reached Fort Tilton it was well into November. A foot of snow lay across the countryside. Fort Tilton was a small fort that belonged to the Columbia Fur Company. It had been built by William P. Tilton and boasted a garrison of only five men. As it sat near the site of another Mandan village, the Mandans who escorted Hugh dropped him off, then immediately went to visit their cousins. Hugh went to see Tilton, where he learned right away that any hopes of finding a boat to continue his journey were in vain. “Mr. Glass,” Tilton told Hugh, “I’d like to help you but I can’t. I’ve got five men here, besides myself. I can’t spare any of them. We’re under danger of attack here night and day by the Arikaras. I need every man I have to keep them away. Even if I could spare anyone, I doubt they would go. We’re watched constantly. I had one man who left the fort for only a few minutes. From out of nowhere, that devil Stanapat rode up and killed him, practically on our doorstep. If you hadn’t had the Mandans escorting you, don’t think for a moment that you would have made it in here. Those damn Arikaras would have gotten you before you even came within sight of the fort.” Disappointed, Hugh exhaled heavily. “Stanapat,” he said ruefully. “—The Little Hawk With The Bloody Hand…” Tilton looked at him. “You speak Arikara?” he asked Hugh. “Pawnee,” Hugh said absently. “The two languages are almost identical.” Tilton continued to stare at him. Slowly, a look of dread came over his features. “Oh no,” Tilton said. “Oh, Christ, I should have known by your scars—you’re the one the Indians call White Bear.” Hugh gave him a puzzled look. “How did you know?” “Mister, you’re the talk of the plains. BIG medicine. Went one on one with a grizzly, left for dead by two white men and still managed to crawl to Fort Kiowa. The Arikaras have tried to kill you and can’t, that’s what they say. Oh, I know all about you. So does every tribe from here to the Rockies. As soon as Stanapat finds out you’re here—and he will—he’ll tear this place down to get to you. New travels real fast in these parts, mister, and the news here is that the Arikaras want you real bad!” PRAISE FOR "HUGH GLASS" by Bruce Bradley-- "--The kind of book you hate to put down!" Fraser Whitbread - Muzzle Blasts Magazine "This recent book by Bruce Bradley is a great read and should be added to the library of those who have interest in the (Fur Trade) period or are an over-all student of early American History." - On the Trail Magazine "A very readable telling of an amazing story!" —Bob Griffith-Amazon.com