‘I appreciate depreciation’: Dynastic Capitalism
Katrina Forrester, 10 July 2025
We are used to hearing that neoliberal political economy is about shrinking the state, and it is true that for many people in the US and the UK the experience of the years since Reagan and Thatcher has been one of continual cuts. But it is more accurate to say that neoliberalism has involved reconfiguring the state to empower markets and finance. The story of recent decades isn’t just...