Fully updated, this new edition of a best-selling No-Nonsense Guide examines the debt trap; the acceleration of neoliberalism and the "free trade" model; competition for energy resources; the links between the "war on terror," the arms trade, and privatization; and the emergence of China and India as economic superpowers. Ellwood provides a full analysis of the financial crisis that began in 2007, and explores what happens when deregulation, speculation, and greed are given complete rein. In addition to his cogent analysis, Ellwood offers strategies for redesigning the global economy to better serve the public good.