New Left Review 46, July-August 2007
Robert Pollin on Andrew Glyn, Capitalism Unleashed. What have been the outcomes of neoliberalism in the advanced capitalist countries, and what possibilities exist for checking its momentum?
ROBERT POLLIN
RESURRECTION OF THE RENTIER
In Capitalism Unleashed, Andrew Glyn presents a powerful history of the economic trajectory of the oecd economies—the rich Western countries plus Japan—from the early 1970s to the present. In comparison with the first 25 years after World War ii, this most recent and ongoing phase of Western capitalism has been dominated by slower economic growth, higher unemployment, more inequality, a far less stable financial system, and persistent downward pressure on the living standards of ordinary people.
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