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ISBN: 9781773634197-04

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Valorization Crisis and the Path to Global Depression


From: Twilight Capitalism


This chapter explores the processes of financialization, the disconnect between the "real" and "ficticious" economies, and the Great Recession of 2008. The authors suggest this last event was actually the beginning of a "long depression."



Murray E.G. Smith

Murray E.G. Smith is Professor of Sociology at Brock University. He has been active on the socialist left in Canada since the 1970s, participating in a variety of campaigns and progressive movements for social change.

Jonah Butovsky

Jonah Butovsky is associate professor of sociology at Brock University.

Josh J. Watterton

Joshua J. Watterton is pursuing a PhD in geography at York University.