What
the current U.S. experience shows is not only the
role of bubbles in sustaining the level of activity
under a neo-liberal regime, and hence the fact that
the lives of millions depend upon the whims of a bunch
of speculators, but also the completely evanescent
and short-lived character of the booms in this period.
*
This article was originally published in The
People's Democracy February 20, 2018.
