An analysis of the modern neoliberal world, its characteristics, flaws and planetary boundaries to finish with new economic policies to put in place and a global redistribution of power, wealth and roles. In this lecture Costas Lapavitsas briefly introduces the following topics:
How has debt increased in the past decade?
How has the financial crisis been building in the past years?
How does the role of the state differ in developed and developing countries?
Lapavitsas takes a strong stand on the role of the state and public spending in fighting the crisis and the need to move towards a capital flow back into the state's funds.