The Great Financial Crash had cataclysmic effects on the globaleconomy, and took conventional economists completely by surprise. Manyleading commentators declared shortly before the crisis that the magicalrecipe for eternal stability had been found. Less than a year later,the biggest economic crisis since the Great Depression erupted.In this explosive book, Steve Keen, one of the very few economists whoanticipated the crash, shows why the self-declared experts were wrongand how ever–rising levels of private debt make another financial crisisalmost inevitable unless politicians tackle the real dynamics causingfinancial instability. He also identifies the economies that have become'The Walking Dead of Debt', and those that are next in line – includingAustralia, Belgium, China, Canada and South Korea.A majorintervention by a fearlessly iconoclastic figure, this book is essentialreading for anyone who wants to understand the true nature of theglobal economic system.