David Harvey has produced an excellent study of capitalism, the current economic crisis and the way the Left could respond to it.
Harvey deals with the current economic crisis in chapter one and gives a clear, concise account of what went wrong and why.
As for the current crisis, that is pretty much it in this book. What Harvey is concerned with is the fact that the current crisis is just the latest of many and Harvey is most concerned with demonstrating that crises are innate and necessary to capitalism.
Harvey presents his re-working and re-theorising of Marx's analysis of 'Capital' to show how capitalism uses crises to reform, renew and revitalise itself. This Harvey accomplishes brilliantly. Harvey explains complex ideas in an easy to understand way.
Harvey theorises that capitalism may have reached a point where it cannot get over crisis and get back to a compound growth rate of 3% PA as the amount of capital that needs to be invested is simply too huge. Hence the growth of the financial sector and financial crises.
This leads to the final section on what the Left should do to tackle the crisis. For capitalism can solve it's problems as long as it makes people pay the price of it's crises: lost jobs, lost pensions, destroyed environment, wrecked public services and vast amounts of capital destroyed in wars.
Harvey argues for a uniting of the Left across a broad range of struggles and across the globe. A necessary yet difficult task. Harvey's focus seems to be to look beyond the traditional labour movements which seems to contradict many of his arguments about how capitalism works - Harvey doesn't seem to see the working class as central to a socialist challenge to capitalism. That may prove contentious. Harvey's book deserves to be widely read and a focus for debates on the Left as to how to respond to the current crisis.