This eye-opening and often scathing book provides a forensic dissection of contemporary capitalism's multiple crises. Trenchant but constructive, Walden Bello's analysis of the collapse of the global real economy, covering such issues as the Wall Street meltdown, the disintegration of the Greek economy, and the rise of China, emphasizes the ever more pressing need to engage in a radical process of deglobalization towards a decentralized, pluralistic world system.