Opinion 170: The World Crisis and the Role of the Third World

By Celso Furtado

A Must-Read for Understanding the Global Economic Crisis

In his groundbreaking book, Opinion 170: The World Crisis and the Role of the Third World, Celso Furtado offers a penetrating analysis of the global economic crisis and the role of the Third World in shaping its course. Furtado argues that the crisis is not simply a cyclical downturn, but rather a structural crisis of the capitalist system itself. He identifies the root causes of the crisis in the inherent contradictions of capitalism, such as the tendency for profits to rise faster than wages, leading to a growing inequality and a decline in aggregate demand.

Furtado also highlights the role of the Third World in the global economy, arguing that the exploitation of resources and labor from the Third World has been essential to the growth of the developed countries. However, he also shows how the Third World has been marginalized in the global economy, and how this marginalization has contributed to the current crisis.

A Powerful Critique of Capitalism

Furtado's book is a powerful critique of capitalism, and it offers a compelling vision of an alternative economic system. He argues that the only way to overcome the current crisis is to move beyond capitalism and create a more just and sustainable economic system. Furtado's book is essential reading for anyone who wants to understand the global economic crisis and its implications for the future of the world.

Key Themes

• The global economic crisis is a structural crisis of capitalism.
• The Third World has been exploited by the developed countries, and this exploitation has contributed to the current crisis.
• The only way to overcome the current crisis is to move beyond capitalism and create a more just and sustainable economic system.

Why You Should Read This Book

Opinion 170 is a must-read for anyone who wants to understand the global economic crisis and its implications for the future of the world. Furtado's analysis is clear and concise, and his arguments are supported by a wealth of evidence. This book is essential reading for anyone who is interested in economics, politics, or social justice.

Praise for Opinion 170

"Opinion 170 is a brilliant analysis of the global economic crisis. Furtado's insights are essential for understanding the challenges facing the world today." - Joseph Stiglitz, Nobel Prize-winning economist

"Opinion 170 is a powerful critique of capitalism and a compelling vision of an alternative economic system. This book is a must-read for anyone who cares about the future of the world." - Noam Chomsky, world-renowned linguist and political activist

"Opinion 170 is a masterpiece. Furtado's analysis of the global economic crisis is incisive and his vision for a more just and sustainable economic system is inspiring. This book is a must-read for anyone who wants to change the world." - Arundhati Roy, Booker Prize-winning author and activist