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9781509564316

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“The Bailout State is a timely intervention that adds important historical context to recent debates on the de-risking state. Where critiques of neoliberalism have proven ineffective, the book charts a new approach to make sense of our current condition through financial claims on property.” Nils Peters, London School of Economics “This book connects dots that desperately need connecting for those who want to understand the crisis of national economic policy and of democratic legitimacy in the world today. Its scathing description of how US government policy has, since the 1970s, tilted toward bailing out privileged sectors – especially politically protected banks and shadow banks – even while falling wages and the rising cost of living hollowed out its income distribution. While the bailout of too-big-to-fail banks in the 2008 crisis is well known, this volume shows how ‘bailout state’ policies have been prominent features of United States policy for the past 40 years.” Gary Dymski, University of Leeds

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Martijn Konings is Professor of Political Economy and Social Theory at the University of Sydney.

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