[...] only an understanding of dynamics behind the 1970s crisis of capitalism can make sense of what has happened since in the realm of finance capital. We must reject the popular idea that the rise of finance (or any other economic change of the 1970s) is an unprecedented restructuring of innovation in economic dynamics, unrelated to what came before. Instead, we can only explain the drastic changes brought about by financialization--a central component of the phenomena associated with neoliberalism--if we put it in the context of the post-World War II economy in the developed world.