Assetisation and the end times of neoliberalism — Richard Murphy

Capitalism is about capitalizing whatever can be capitalized into an asset on a balance sheet.

And it can be said that the creation of these 'assets' is now the focus of modern capitalism.

This then defines modern capitalism as a mechanism for rent extraction, and not profit-making.

And what that means is that value creation has ceased to be what markets are about.

No wonder we are in the end-times for neoliberalism.

Tax Research UK

Assetisation and the end times of neoliberalism
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum