A second approach to reproduction emerges from another moment of Marxist crisis. The dawn of the field of cultural studies was necessitated by the decline and fall of the Communist dream (Hall 1996a; 1996b). Thanks to the betrayals of the Soviet regime (especially the invasion of Hungary in 1956) and the increasingly doctrinaire and conservative (and, indeed, reformistic) tendencies of European Communist and socialist political parties, a new generation of scholars sought to understand the way in which capitalism was reproduced, on the level not merely of global economics, but of everyday life.

Max Haiven, Cultures of Financialization, loc. 117