Bonfire of Illusions: The Twin Crises of the Liberal WorldISBN: 978-0-7456-4876-7
Paperback
144 pages
March 2010, Polity
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Preface and Acknowledgements ix
Introduction: How the World Changed in 2008 1
1 Finance Humbled 20
What is fi nancialization? 23
Three perspectives on financial crises 34
More than just a financial crisis 50
Dilemmas of recovery 83
2 Empire Confined 95
The state roars back 95
Collision of empires 106
Orchestrating disharmony 121
Conclusion: Regime Change or System Change? 127
The end of neoliberalism? 127
State, market and planning 134
Notes 144
Index 169
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