Description
Hans van Zon analyzes the financialization of developed capitalism, and argues that the emergence of finance as a dominant force has contributed to the relative decline of the West. He demonstrates that the neo-liberal model is inherently unstable and undermines capitalist economies, which can only function if they are embedded in institutions that are non- or even pre-capitalist. He shows how a toxic combination of financialization, corporate globalization, and a deregulated and parasitic financial industry have led to structural economic stagnation in both the USA and the greater part of the EU. Hans van Zon Introduction 1. The USA: Casino Capitalism Unleashed 2. The USA: the Great Financial Crisis and its Aftermath 3. The Variety of Capitalism and Neo-liberalism 4. European Monetary Union and Freedom for Capital 5. The Euro as a Divisive Force 6. Globalization, Financialization and US Power 7. The Variety of Capitalism after the Great Financial Crisis 8. Why Economists and Neo-liberals Got it so Wrong? 9. Reclaiming Sovereignty Conclusion
