The Crisis of Neoliberalism

  title={The Crisis of Neoliberalism},
  author={G{\'e}rard Dum{\'e}nil and Dominique L{\'e}vy},
This book examines “the great contraction” of 2007–2010 within the context of the neoliberal globalization that began in the early 1980s. This new phase of capitalism greatly enriched the top 5 percent of Americans, including capitalists and financial managers, but at a significant cost to the country as a whole. Declining domestic investment in manufacturing, unsustainable household debt, rising dependence on imports and financing, and the growth of a fragile and unwieldy global financial… Expand

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