New Capitalism (Bresser)

The Global Financial and a New Capitalism? by Luiz Carlos Bresser, working paper published by Levy Economics Institute. For Bresser, the 2008 global financial crisis was the consequence of the process of financialization, or the creation of massive fictitious financial wealth, that began in the 1980, and the hegemony of a reactionary ideology. From this crisis a new democratic capitalist system will emerge, though its character is difficult to predict. http://migre.me/XKZd