The end of financial hegemony?

[bigbadwolf]

Enlightening essay by Cedric Durand in the current NLR:

Cédric Durand, The End of Financial Hegemony?, NLR 138, November–December 2022

The 2022 upsurge in inflation read as the birth pangs of a new macroeconomic regime, involving the relative demotion of finance and unravelling of over-accumulated fictitious capital. But finance is a master blackmailer, Durand warns, and may slow the devaluation of financial assets to a crawl.

newleftreview.org

 

[marcusaurelius]

Enlightening essay by Cedric Durand in the current NLR:

Cédric Durand, The End of Financial Hegemony?, NLR 138, November–December 2022

The 2022 upsurge in inflation read as the birth pangs of a new macroeconomic regime, involving the relative demotion of finance and unravelling of over-accumulated fictitious capital. But finance is a master blackmailer, Durand warns, and may slow the devaluation of financial assets to a crawl.

newleftreview.org

Interesting essay. Thanks for sharing!