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[...] they insist that the poor do not necessarily get poorer, so that one may express a cautious hope that some of the poor might sometimes become somewhat less poor than they used to be. Indeed, the only remaining moral justification of the current system hangs by that thread: as long as it can…

By emphasizing the problem of debt in the present crisis, then, we can cut across many of the other explanations currently on offer, whether those highlight the hubris of financiers, the folly of borrowers, the irrationality of the institutional structures, or the imbalances rooted in the internati…

Yet it is important to remember that debts and obligations shape economic prospects and life possibilities in even more fundamental ways. In the most elementary sense, debts enable economic activity by liberating present resources from the most immediate pressures of productivity or profitability. …

[...] In Brenner’s account, however, the tech boom should be seen as only one component of the equity bubble of the late 1990s. That glorious surge was driven not by the advent of a new technological wave but rather by the codependent irrationality of markets intoxicated by the prospect of endless …

The turning point might be sought about thirty or thirty-five years ago, that is to say, somewhere in the mid to late 1970s, when an Anglo-American blend of neoconservative politics and neoliberal economics gained ascendancy and unbridled capitalist globalization took off. Whatever historical basis…