A Complicated System of Traps: On Quinn Slobodian’s “Crack-Up Capitalism” — Cleveland Review of Books
Jesse Robertsonclereviewofbooks.com
A Complicated System of Traps: On Quinn Slobodian’s “Crack-Up Capitalism” — Cleveland Review of Books
The neoliberal reforms we have witnessed over the past decades are no doubt pernicious. The downfall of the welfare state, however, is due not only to neoliberal ideology but also to the general reliance on the generation of capital wealth, which makes the welfare state hostage to economic crises.
Information technology has allowed a financialization of capital that has driven workers ever more desperately into debt, while, at the same time, allowed employers to create new “flexible” work regimes that have destroyed traditional job security and led to a massive increase in overall working hours for almost all segments of the population.
This scale transformation from the particular to the general is behind my skepticism about unfettered globalization and large centralized multiethnic states. The physicist and complexity researcher Yaneer Bar-Yam showed quite convincingly that “better fences make better neighbors”—something