Carney's financialization brought us Trump's fascism скачать в хорошем качестве

Carney's financialization brought us Trump's fascism

The tl;dr Carney presents himself as the liberal alternative to Trump’s fascism, but also as a straight-shoorting realist from a “middle power” who can’t afford the illusions of the erstwhile “international rules-based order.” But Trump’s fascism has been fuelled by resentment towards the neoliberal, financialized, austerity-driven order of which Carney was (and is) a key functionary, first during his time as a Goldman Sachs banker, then during his leadership of the Bank of Canada and the Bank of England, and in his affiliation to the World Economic Forum itself. We should see Carney as a key facilitator of the processes of financialization: not only the increased power and influence of financial firms, but the subordination of governments to their needs and the broader transformation of society towards market rule. Fascism emerges from and is a reaction to the contradictions and agonies of capitalism and is often supported by key capitalist actors. In our current moment, the financialization of the global economy of which Carney was a key functionary has delivered us a world of cynicism, austerity and political ruination within which fascist sentiment and politics incubated, and to which fascism promises a (false and violent) solution. Carney’s sober “realism” is not a defence of liberalism, but a defence of what is likely to be a ruthless and unapologetic form of cynical and extractive capitalism, this time without even the fig leaf of a respect for Indigenous rights, ecological protections, workers’ rights, etc. In the face of all this, we must refuse the “realism” of both Carney and Trump who, like so many of the political warlords on the global stage, tell us the hell they’ve created is all that is or can be. In spite of their loathing for one another, both Trump and Carney present themselves as regretfully doing what must be done. It’s a war on the people and a war on our imaginations. We need to rekindle a politics based on the radical collective reclamation of our potential to make the world together by reclaiming the wealth and power stolen from us. Further reading On financialization Blakeley, Grace. Stolen: How to Save the World from Financialisation. Repeater, 2019. Haiven, Max. Cultures of Financialization: Fictitious Capital in Popular Culture and Everyday Life. Palgrave Macmillan, 2014. Mader, Philip, Daniel Mertens, and Natasha van der Zwan, eds. The Routledge International Handbook of Financialization. Routledge, 2019. On the World Economic Forum and the global capitalist class (not conspiracism) Klein, Naomi. “The Great Reset Conspiracy Smoothie.” The Intercept, December 8, 2020. https://theintercept.com/2020/12/08/great-.... Robinson, William I. “Debate on the New Global Capitalism: Transnational Capitalist Class, - Transnational State Apparatuses, and Global Crisis.” International Critical Thought 7, no. 2 (2017): 171–89. https://doi.org/10.1080/21598282.2017.1316512. On Carney Clarke, John. “Mark Carney’s Class War.” Canadian Dimension, June 17, 2025. https://canadiandimension.com/articles/vie.... Henaway, Mostafa. “Crisis as Class Strategy.” Midnight Sun, January 23, 2026. https://www.midnightsunmag.ca/crisis-as-cl.... Moscrop, David. “Mark Carney Wants You to Believe in the Free Market ⋆ The Breach.” The Breach, August 12, 2021. https://breachmedia.ca/mark-carney-wants-y.... On the ideology and political economy of central bankers and monetary policy Lapavitsas, Costas. Profiting Without Producing: How Finance Exploits Us All. Verso, 2013. Panich, Leo, and Sam Gindin. The Making of Global Capitalism: The Political Economy of the American Empire. Verso, 2012.