the irruption of archaisms in the West's postmodern societies
[...] Blair and Gordon Brown staked everything on financialization. Deregulation of the credit market would allow even the poor to take part in the asset-price bubble. The booming finance industry would generate high tax revenues, which would be redistributed to the working class through welfare pa…
Neoliberalism unleashed numerous structural transformations. The principal ones were: the offshoring of productive industries; the restructuring of corporations into a 'value chain' of smaller companies; cutting taxes to shrink the state; the privatization of public services; and the financializati…
If life for working-class people felt better in the 1990s than the 1980s, it was because both credit and cheap Chinese goods offset the primary problem: stagnating wages. That globalization and financial deregulation are essentially positive for working people became the overt message of social dem…
