{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"bf1bb7d2-ff9c-474f-ac6b-fcb01cd4dbe7","title":"PostCapitalism-_Paul-Mason_-_z-library.sk_-1lib.sk_-z-lib.sk_","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9780141975306","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"bf1bb7d2-ff9c-474f-ac6b-fcb01cd4dbe7","id":"bf1bb7d2-ff9c-474f-ac6b-fcb01cd4dbe7","uuid":"bf1bb7d2-ff9c-474f-ac6b-fcb01cd4dbe7","title":"PostCapitalism-_Paul-Mason_-_z-library.sk_-1lib.sk_-z-lib.sk_","normalized_title":"postcapitalismpaulmasonzlibrarysk1libskzlibsk","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9780141975306","isbns":["9780141975306"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":351,"navigation_url":"https://workshop.closeclaw.top/ai/book/bf1bb7d2-ff9c-474f-ac6b-fcb01cd4dbe7","title_url":"https://workshop.closeclaw.top/ai/title/PostCapitalism-_Paul-Mason_-_z-library.sk_-1lib.sk_-z-lib.sk_","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/bf1bb7d2-ff9c-474f-ac6b-fcb01cd4dbe7/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/bf1bb7d2-ff9c-474f-ac6b-fcb01cd4dbe7/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/bf1bb7d2-ff9c-474f-ac6b-fcb01cd4dbe7","page_url":"https://workshop.closeclaw.top/api/ai/books/bf1bb7d2-ff9c-474f-ac6b-fcb01cd4dbe7/page","search_url":"https://workshop.closeclaw.top/api/ai/books/bf1bb7d2-ff9c-474f-ac6b-fcb01cd4dbe7/search"},"page":{"printed_page":1,"pdf_page":21,"physical_index":21,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"142381222b04743d0c1bc7df41e270d789fea7eec4dc06ac8fb35a590a5f1959"},"chapter":"PAUL MASON O POSTCAPITALISM A GUIDE TO OUR FUTURE","content":"Neoliberalism is Broken\n\nWhen Lehman Brothers collapsed, on 15 September 2008, my cameraman made me walk several times through the clutter of limos, satellite trucks, bodyguards and sacked bankers outside its New York HQ, so he could film me amid the chaos.\n\nAs I watch those rushes nearly seven years later – with the world still reeling from the consequences of that day – the question arises: what does that guy in front of the camera know now that he did not know then?\n\nI knew that a recession had begun: I’d just trekked across America filming the closure of 600 Starbucks branches. I knew there was stress in the global finance system: I’d reported concerns that a major bank was about to go bust six weeks before it happened.<sup>1</sup> I knew the US housing market was destroyed: I’d seen homes in Detroit on sale for \\$8,000 cash. I knew, in addition to all this, that I did not like capitalism.\n\nBut I had no idea that capitalism in its present form was about to selfdestruct.\n\nThe 2008 crash wiped 13 per cent off global production and 20 per cent off global trade. It took global growth negative – on a scale where anything below +3 per cent is counted as a recession. In the West, it produced a depression phase longer than in 1929–33 and even now, amid a pallid recovery, has got mainstream economists terrified about the prospect of long-term stagnation.\n\nBut the post-Lehman depression is not the real problem. The real problem is what comes next. And to understand that we have to look beyond the immediate causes of the 2008 crash to their structural roots.\n\n1","previous_page":null,"next_page":2}