
The LRB at 40: Katrina Forrester and William Davies on the crisis of liberalism
The LRB Podcast
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Is There a Direct Relationship Between Finance Capital and the Financial Crisis?
I think one of the things that the rise of finance capital suggests is maybe it doesn't, because actually real power is elsewhere at the moment. One thing we haven't talked about is the financial crisis of 2008, which was in some ways the sort of public acknowledgement that the state does not act. And I suppose you could say that the populists, because after all populism says that sovereignty lies with the people. It's not true,. I mean sovereignty doesn't, I mean in this country, I mean, constitutionally it's not true. Jacob Rees-Mogg goes around saying sovereignty lying with the people, it's not constitutionally a fact. To say that actually, you know,
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