Head in the clouds of the sub-prime crisis

Authors

  • Yann Moulier Boutang Universités en Sciences Économiques. Université de Technologie de Compiègne, France.

DOI:

https://doi.org/10.18617/liinc.v5i2.314

Keywords:

Crisis, Cognitive capitalism, Rent, World economy

Abstract

The paper presents the subprime crisis as a manifestation of the impossibility of separating speculation and market from the world economy. The current crisis is pointed out as being the first global crisis of communism of capital and also an interdependence between debtors and creditors. Unless a new New Deal is invented, which recasts the ancient rights of the welfare state and creates new rights for new workers, there is no means by which a program of euthanasia may avoid political explosion.
 
 
 

References

CHAVAGNEUX, Christian. Les Dernières Heures du libéralisme: mort d’une idéologie. Paris: Perrin, 2007.

KEYNES, John Maynard. A Treatise on Money. Hants/U.K: Macmillan & Co., 1930.

KRUGMAN, Paul. L’Amérique que nous voulons. Paris, Flammarion, 2008.

Published

18/09/2009

Issue

Section

Cognitive Capitalism in Debate