The capitalist body in perpetual recovery in Melanie Gilligan's Self-Capital
IN LATE 2008 AND EARLY 2009, the world’s financial markets collapsed under the immeasurable weight of unregulated speculative market practices in relation to subprime lending, debt accumulation, and the monopoly of finance capitalism. Labeled “The Great Financial Crisis,” the collapse led to the loss of $7.4 trillion in stock wealth in the U.S., alone. The response to the financial crash arrived in the form of a series of massive government interventions that attempted to offset the consequences of the overarching failures of neoliberalism.
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