The crisis of neoliberalism :
Gerard Dumenil, Dominique Levy.
- Cambridge ; London : Harvard University Press, 2013.
- vi, 391 p. : ill. ; 24 cm.
Includes bibliographical references and index.
1. The strategy of the US upper classes in neoliberalism: the success and failure of a bold endeavour -- 2. The second reign of finance: classes and financial institutions. -- 3. A tripolar class configuration: breaking wage-earning homogeneity -- 4. Financialization and globalization: lifting barriers-losing control -- 5. Neoliberalism trends: the US macro trajectory -- 6. From the housing boom to the financial crisis: US macroeconomics after 2000 -- 7. Financial crisis: storm i the center, global capitalism shaken -- 8. The shadow of the Great Depression: difficult transitions -- 9. A new social and global order: the economics and politics of the postrcrisis.
Examines "the great contraction" of 2007-2010 within the context of the neoliberal globalization that began in the early 1980s. This new phase of capitalism greatly enriched the top 5 percent of Americans, including capitalists and financial managers, but at a significant cost to the country as a whole. Declining domestic investment in manufacturing, unsustainable household debt, rising dependence on imports and financing, and the growth of a fragile and unwieldy global financial structure threaten the strength of the dollar.
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Global Financial Crisis, 2008-2009 Neoliberalism--United States Capitalism--United States