Jamal Awil

← Never Let a Serious Crisis Go to Waste

The authors seem, in that instant. [fact]

In a review of Simon Johnson and James Kwak's 13 Bankers, the economist Guillermo Calvo ("Yes, the Rich Will Drive Recovery") neatly summarized the neoliberal case: "The authors detail at prolix length the oscillation between Team Greed and Team Regulation, each of which perpetually insists it has brought systemic problems to heel, and each of which is inevitably embarrassed. . . . The authors seem, in that instant, on the verge of realizing that the problem is the dynamic itself—that the choice between greed and regulation is a false one, that the dance of bankers and regulators is exactly what ends in a tangle on the floor, with the markets a shambles."

Philip Mirowski, Never Let a Serious Crisis …, loc. 1774