This updated edition traces the origins and development of the crisis in global finance. Toussaint analyses the role of the World Bank, the IMF and the political restrictions they impose and reviews the neo-liberal policy of globalization, which he argues, has now run out of steam.

Since the 1980s, there has been world-wide mass impoverishment resulting from deliberate policies of neoliberalism. As Eric Toussaint argues in this fully updated and expanded third edition of his classic study Your Money or Your Life! The Tyranny of Global Finance, the World Bank and the International Monetary Fund have been going through the worst legitimacy crisis in their history. Innumerable demonstrations of opposition to them have taken place, both in the countries that are subjected to their policies and in the industrialized countries of the North. Since 1999, their meetings have been dogged by powerful and radical counter-demonstrations, and the two institutions are also riven by internal crises. As Toussaint argues in this cogent and timely book, there is an urgent need to find alternatives that guarantee fundamental rights and fulfil the basic human needs of the vast majority of the world's population. To bring about these alternatives, Toussaint explains, diverse various social movements need to come together to embrace a new internationalism and plan how to throw off the shackles of corporate-driven global finance.