Ersatz Capitalism and Anomie 2.0

I would argue that this is a feature, not a bug or some monstrous abnormal development but the logical end point of 30 years of neoliberalism that started with Reagan and Thatcher and culminated with the 2008 crisis and the recent Supreme Court decision.

For Stiglitz, the issue is also a moral one of creating an increasingly unjust society, as illustrated by this:

But ultimately, what Stiglitz is talking about is social dislocation by design, a very Durkheimian erosion of social solidarity and the promotion of anomie 2.0:

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