Offers an unorthodox account of why and how global capitalism has entered a phase of unsustainable crises of accumulation and legitimacy, and examines the different exit strategies open to Latin American countries.

The book examines why and how global capitalism has entered a phase of unsustainable crises of accumulation and legitimacy, and looks at various solutions to such crises, from mild reform to radical overhaul.

The book then examines the various scenarios from a Latin American perspective, arguing that different countries follow diverse paths in adapting to the crisis - with significantly different outcomes. Their common challenge is how to achieve economic growth with social inclusion.