The ‘Frankfurt School’ located ‘late capitalism’ (Spätkapitalismus) in the 1970s, having taken the place of liberal capitalism or free market capitalism after 1945.

Mann believes, pace Wallerstein, that there is still enough new land to conquer and enough demand to discover and invent, to allow for both extensive and intensive growth

the new petty bourgeoisie that is the very carrier of the neocapitalist and neoliberal lifestyle of ‘hard work and hard play’, of careerism-cum-consumerism, which, as will be discussed infra, may indeed be considered the indispensable cultural foundation of contemporary capitalism’s society

Durkheimians would here resort to the concept of anomy, signifying a less-than-normal condition of deficient social integration

Since 2008, we have lived in a fourth stage of the post-1970s crisis sequence, and the by now familiar dialectic of problems treated with solutions that turn into problems themselves is again making itself felt

the last bullet of monetary policy, and perhaps of policy generally, would be dishing out ‘helicopter money’ to citizens, perhaps by sending each taxpayer a cheque of, say, $3,000, circumventing the banking system in the hope that this would, finally, result in a take-off of effective demand

Over two decades, globalization as a discourse gave birth to a new pensée unique, a TINA (There Is No Alternative) logic of political economy for which adaptation to the ‘demands’ of ‘international markets’ is both good for everybody and the only possible policy anyway

Pace Wallerstein, the final Manichaean battle between Davos and Porto Alegre is not about to happen in the foreseeable future

Structuralist critique of false institutions may therefore have to be complemented by a renewed culturalist critique of false consciousness

Disruption may be considered the neoliberal version of ‘creative destruction’: more ruthless, more out-of-the-blue, and less willing to take prisoners or accept delay in order to be ‘socially compatible’.