If you think you already know all you need to about financialization, think again. Through meticulously detailed archival research Jack Copley pieces together the decisions through which financializing dynamics were first inserted into the British economy in the 1970s and 1980s. He shows that there was no grand plan, no careful step-by-step introduction of a pre-determined long-term reform trajectory, only governments attempting to navigate their way in a
hit-and-miss manner through a seemingly intractable crisis of profitability. The exquisite reconstruction of events as they unfolded in real time makes for a thrilling read, as well as for a very important book.
Jack Copley is Assistant Professor in International Political Economy at Durham University. He writes and teaches on the politics of governing global capitalism and has published his research in the journals New Political Economy, The British Journal of Politics and International Relations, Environment and Planning C, and Capital and Class.