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Geraets, W.

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A Suchting, and H. Harris eds. Indianapolis: Hackett Pub. Heinrich, Michael.

This Is Neoliberalism ▶︎ Introducing the Invisible Ideology (Part 1)

Available at monthlyreview. Kliman, Andrew. Lanham, MD: Lexington Books. London: Pluto Books. Marx, Karl. New York: International Publishers.

Monthly Review editors. Albo, G. Oakland: Spectre PM Press. Arrighi, G.

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Duménil, G., and Lévy D.: Capital Resurgent: Roots of the Neoliberal Revolution

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Capital Resurgent: Roots of the Neoliberal Revolution

Dore, R. Dos Santos, P. Dumenil, G. Capital Resurgent: Roots of the Neoliberal Revolution. The Crisis of Neoliberalism. Edwards, S. Ellis, L. Epstein, G.

Epstein haz. Estrada, A. Fine, B. Rather than solving the problems of capital accumulation in general, they insist the neoliberal revolution was only ever intended to solve the profitability of financial capital American financial capital in particular and everyone else be damned. As the latter chapters of the book show, the financialization of the global capitalist economy has had a destabilizing impact and points to the replacement of neoliberalism, but by what, they are reluctant to say.

Neoliberalism - Wikipedia

Their account of the hegemonic rise of neoliberalism unfurls over five sections in which they lay out their argument both theoretically and historically. According to them, capitalism has difficulty sustaining high levels of productivity growth. But the replacement of humans by machines also implies higher capital investments in that technology p. Barring another technological breakthrough, the first response to such a crisis is to cut wages both economic and social , but the other option is to transform the regime of capital accumulation hence the shift from Keynesianism to Neoliberalism.

In part IV, the authors note that similar economic patterns existed in the late 19th and early 20th centuries when capitalism became globalized, when competition within and between industries was cutthroat, when modern stock-owned corporations emerged, and when, not coincidentally, finance was given free reign to organize the productive economy according to its own dictates the creation of monopoly capital.

All of this ended with the Great Depression, which was eventually resolved by adopting Keynesian models of development that subverted the rule of finance to that of production.