(THIS ARTICLE IS ONLY MACHINE TRANSLATED by Google from Norwegian)
The financial crisis in 2008 made visible an unprecedented change in the economy – from industrial capitalism to financial capitalism and from post-war state-controlled modernization to a neoliberal economy. We have since received numerous analyzes of this change and the reasons behind it – both Keynesians who have focused on the unregulated private markets and those who have analyzed the fall in profit rates after 30 years of overproduction in the advanced economies.
Belgian philosopher Michel Feher's latest book Le temps des investis – "The time invested" – is a contribution to the discussion of this historical course. But the book is also an attempt to formulate a political counterpart and to design new strategies by which a left-wing policy can reject the hegemony of financial capital.
Part of Feher's book is a historical review of the economic transformation that has taken place since the mid-1970s. The author describes it as "a skewed realization of neoliberalism" – skewed because the economy created by Reagan and Thatcher, among others, differed from the neoliberal theory that Friedman and Hayek developed after World War II. They envisioned a community of entrepreneurs who all ran theirs. . .
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