archive

The culture of capital

From Revue de la regulation, Luiz Carlos Bresser-Pereira (GVF): The Global Financial Crisis, Neoclassical Economics, and the Neoliberal Years of Capitalism. From New Left Review, will the present crisis issue in a new phase of accumulation, or a growthless "stationary state"? Gopal Balakrishnan charts epochal trends in world capitalism; what does the present crisis represent? Immanuel Wallerstein investigates; and despite the torrent of literature on the crisis, its historical meaning remains obscure — what ended, and what did not, in September 2008? A review of Capitalist Realism: Is There No Alternative? by Mark Fisher. A review of Stuff Matters: Genius, Risk and the Secret of Capitalism by Harry Bingham. A review of Panic: The Betrayal of Capitalism by Wall Street and Washington by Andrew Redleaf and Richard Vigilante. A review essay on the culture of capital. What do BP and the banks have in common? Gonzalo Lira on the era of corporate anarchy. A review of Diary of a Very Bad Year: Confessions of an Anonymous Hedge Fund Manager by Keith Gessen. Matt Taibbi on Wall Street's Big Win: Finance reform won't stop the high-risk gambling that wrecked the economy — and Republicans aren't the only ones to blame. We are all guilty: No doubt it was very wrong of banks to offer credit to the uncreditworthy, but while you can lead a man to a loan, you cannot make him borrow. A review of Capitalism 4.0 by Anatole Kaletsky.