This book examines rising inequality in Anglo-capitalist societies, attributing it to the emergence of an asset economy where asset ownership surpasses employment in determining class status. It explores generational impacts, wealth disparities, urban property inflation, and the disconnect between public expectations and policy priorities.
This book moves beyond mere denouncements of financial speculation to rethink the role of uncertainty, contingency, and time in contemporary capitalism.
For over three decades neoliberalism has been the dominant economic ideology.
While many critiques of money and the market focus on its rationalizing and utilitarian logic, this book argues that the operation of capitalist economy centrally involves the production of new sources of faith and enchantment.
The book presents a compelling argument that the American financial system is not as fragile as commonly perceived but rather a robust structure. It challenges the notion of instability, offering insights into the underlying strengths and mechanisms that support the financial system. Through detailed analysis, it aims to reshape the reader's understanding of economic resilience and the foundations that contribute to the system's stability.