The Asset Economy Strikes Again

Martijn Konings in the Boston Review:

Rumors of the death of neoliberalism are indeed greatly exaggerated. At a moment when economic authorities are calling for higher unemployment to combat supply-side inflation, it is essential to recall how U.S. political economy has been remade to serve the interests of asset owners at the expense of wage-earners. Only by reckoning with this asset economy head on can we envision a future that breaks free of it.

More here.