We're joined by Steve Maher, co-author with Scott Aquanno of The Fall and Rise of American Finance: From J.P. Morgan to BlackRock (Verso, 2024). The book argues that financialization did not hollow out the "real" economy or shrink the state. Instead, it intensified competitive discipline to maximize efficiency, profits, and the exploitation of labor, backed by an increasingly authoritarian state. That means reforming finance won't get us somewhere different. There is no postwar golden age to return to. So what do we do? Tune in to find out...
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