Liberal capitalism attempts to steam ahead as if nothing happened

8 de Agosto de 2011 § Deixe um comentário

Despite the enormous material and symbolic blows it has suffered, liberal capitalism attempts to steam ahead as if nothing happened. According to a study published in November 2009, the state bailouts of the financial system have cost $14 trillion in the US, Britain and the euro-zone, nearly a quarter of global output. Yet governments still seek to propitiate the financial markets whose continued survival depends on their own efforts. Public services are butchered in the drive to return to neoliberal ‘normality’. Most absurdly, market solutions are proposed to the enormous problem of global warming.

Alex Callinicos

in Callinicos, Alex (2010), Bonfire of Illusions – The Twin Crises of the Liberal World, Polity Press, p. x.

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