Part two of Sean and Varn's extended discussion on sovereign debt ! This time we dive into the pre-history of of the present moment, how the New York City fiscal crisis of 1974-75 and subsequent banker's coup presaged a new 'post-industrial' and financialized regime of accumulation often called neoliberalism. And if debt crises are a signal of the rise of a new political-economic order, what sort of world does the current crisis presage?
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