44123
THE POLITICAL ECONOMY OF FINANCE-LED CAPITALISM
Connecting financialization, private equity, and employment outcomes
Ian Clark
Introduction
Observers of comparative political economy have outlined changes in the nature of capitalism that have since the late 1970s. It is suggested that full-employment capitalism was replaced by a finance-led capitalism centered on neo-liberalism (Harvey, 2007; Crouch, 2011). The financial crisis of 2008 reinforced the trajectory of finance-led capitalism and neo-liberalism. Central to this change is a process whereby the principles of deregulation and privatization were further embedded in the institutional framework of countries such as the UK. Recent contributions to this literature link together economic ...
Get The Routledge Companion to Management Buyouts now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
