The Financial and Economic Crisis of 2008: A Systemic Crisis of Neoliberal Capitalism

@article{Kotz2009TheFA,
  title={The Financial and Economic Crisis of 2008: A Systemic Crisis of Neoliberal Capitalism},
  author={D. Kotz},
  journal={Review of Radical Political Economics},
  year={2009},
  volume={41},
  pages={305 - 317}
}
  • D. Kotz
  • Published 2009
  • Economics
  • Review of Radical Political Economics
This paper presents a case that the financial and economic crisis that began in the United States in 2008 indicates the start of a systemic crisis of neoliberal capitalism. The same institutional features of neoliberal capitalism that promoted a series of long economic expansions over several decades also created long-run trends that have led to a systemic crisis. Major economic restructuring is likely to follow. 

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