Bresser-Pereira, Luiz Carlos - 2010
The 2008 global financial crisis was the consequence of the process (1) of financialization, or the creation of massive … fictitious financial wealth, that began in the 1980s,; and (2) the hegemony of a reactionary ideology-namely, neoliberalism … ideology and deregulation. From this crisis a new democratic capitalist system will emerge, though its character is difficult …
