Global Capitalist Crisis Author to Lecture, Sign Books

UC Riverside political scientist Armando Navarro will sign copies of “Global Capitalist Crisis and the Second Great Depression” on Jan. 25.

RIVERSIDE, Calif. – Ethnic studies professor Armando Navarro will present a brief lecture and sign copies of his new book, “Global Capitalist Crisis and the Second Great Depression” (Lexington Books), on Jan. 25 at 6:30 p.m. in HUB 302 at UC Riverside.

Sociology professor Jose Calderon of Pitzer College will present his observations of the book and its timeliness. The event is free and open to the public. Parking costs $5. Event sponsors are Chicano Student Programs, the Department of Ethnic Studies, MEChA, African Student Programs, Asian Pacific Student Programs, and Native American Student Programs.

Armando Navarro

Navarro also will lecture and sign books in San Bernardino on Jan. 31 at 6:30 p.m. in Casa Morena, 265 N. D Street. Event sponsors are Casa Morena, LULAC of San Bernardino, and Libreria del Pueblo. The event is free and open to the public.

Another lecture is scheduled on March 1 at 6:30 p.m.  in the Broad Performance Space at Pitzer College in Claremont. Event sponsors are the Latino Student Union, Rural and Urban Social Movements Class, Munroe Center for Social Inquiry, and the Encuentro Group. The event and parking are free. Park in “non-assigned/permit required” parking spaces in the East Mesa or  Sanborn Parking lots.

In “Global Capitalist Crisis,” Navarro, a political scientist who teaches in the UCR Department of Ethnic Studies and has authored five other books, analyzes the political and economic decisions that led to the on-going global economic crisis that he contends put the nation’s survival at risk. He argues that the country is in the midst of a deepening depression, which he calls the Second Great Depression. He calls capitalism a failed economic/political system controlled by “capital” that is in dire need of systemic change, and he provides several ominous forecasts that he believes will impact the country greatly in this decade, particularly in 2012 and 2013.

“In the history of modern capitalism, with the exception of the Great Depression, the world has never been economically in such calamitous turmoil,” Navarro writes. “Not since that period have the economies of the world, especially that of the United States, been so egregiously impacted and threatened.”

After WWII capitalism began to transition from the welfare capitalism of the New Deal to neoliberal capitalism in the 1980s. Navarro points to policies of the administration of President George W. Bush – including deregulation of the financial markets – as the cause of the subprime mortgage crisis in 2006 that precipitated the financial and economic crises that continue today. President Barack Obama followed with “quasi-welfare Keynesian-oriented policies,” which “failed to halt the growing economic storm.”

Navarro’s book calls for radical reformation or transformation of the United States economic and political systems: social democracy or democratic socialism. He also argues that the re-election of President Obama hinges on the creation of a welfare capitalist New Deal II.

Using countries like Sweden and Norway as models, Navarro argues that social democracy would establish a multiparty system that provides viable choices, incorporate elements of both socialism and capitalism, foster a more equitable distribution of wealth, guarantee workers’ rights, and create safety-net programs that facilitate quality of life and equal opportunity.

Democratic socialism, which Navarro calls the most transformative alternative, would replace the capitalist system with one characterized by the state’s control or the workers’ control of the country’s means of production and distribution. This model, grounded on the concepts of social justice and equitable distribution of wealth and power, “operates on the principle that goods and services should be owned publicly, where planning denotes a peaceful and nonviolent transition to the state’s power and control, via the nation’s existing superstructure.”

“Change will not happen without the creation of a new movement, such as the Occupy movement that has spread globally,” he says. “Times of crises produce times of opportunity.”

For more information about the book-signing contact Maria Anna Gonzales at (951) 743-7173.

Media Contact


Tel: (951) 827-7847
E-mail: bettye.miller@ucr.edu
Twitter: bettyemiller

Additional Contacts

Armando Navarro
Tel: (951) 827-1826
E-mail: armando.navarro@ucr.edu

Maria Anna Gonzales
Tel: (951) 743-7173
E-mail: maryann.gonzales@sbcglobal.net

Chicano Student Programs
Tel: (951) 827-3821
E-mail: estella.acuna@ucr.edu

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