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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (66624)	2/8/2022 11:25:48 AM
From: marcher	1 Recommendation Recommended By ggersh Read Replies (1) \| Respond to of 71441

behind the wizard of oz's curtain... western capitalist bankers: "...Scholars in political economy and economic sociology widely assume that financialization and the rise of neoliberalism are closely intertwined processes. Greta Krippner’s (2011) seminal analysis of institutional changes in the US since the 1970s has become a benchmark for understanding these entangled histories. Along the lines of her work, recent scholarship tends to portray the neoliberalism-finance nexus in terms of a recursive process: deregulatory and pro-market policy decisions unleashed and supported an accelerated growth of finance. This enabled a shift to macroeconomic governance premised on ‘easy credit’, leading to political complacency regarding the risks and adverse consequences of excessive financial growth. We are thus given a narrative of how political and economic transformations have reinforced one another, resulting in the kinds of predicaments and crises that Western capitalist societies are facing today (Streeck, 2014; Crouch, 2011). While this historical narrative is convincing and sustained by a rich body of evidence, it is less suitable for capturing how, in the current era, the very terms of interaction between politics, the state and the economy have changed (Konings, 2011; 2018). It is not only that governments increasingly rely on markets as privileged sites and vehicles for the provision of public goods (Morgan and Campbell, 2011). Financialization also involves a proliferation of regulations, governance frameworks and formal rules that have reconfigured capitalist modes of ownership and exchange, as well as structures of information and liquidity in markets (Carruthers and Stinchcombe, 1999; Baud and Chiapello, 2017). In contrast to the rhetoric of free markets and self-constrained government often associated with neoliberalism, we can thus observe how practices of governing, regulatory frameworks, and processes of market coordination become ever more entangled and aligned with one another, jointly re-defining the institutional foundations of contemporary capitalism (Carruthers, 2015)..." academic.oup.com suggests that western capitalist leaders are very confused by systemic chaos... got 1-grain-of-sand? -g/ng-