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Tim Di Muzio

In: The SAGE Handbook of Neoliberalism

Chapter 35: Disciplinary Neoliberalism, the Tyranny of Debt and the 1%

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Disciplinary Neoliberalism, the Tyranny of Debt and the 1%
Disciplinary Neoliberalism, the Tyranny of Debt and the 1%
Tim Di Muzio
Introduction

At least since the Global Financial Crisis (2007/08) and the Occupy Movement, if not before, more and more people are waking up to the fact that global income and wealth inequality have been worsening both between and within nations. Indeed, the financial services holding company Credit Suisse reported that ‘the top percentile now own half of all household assets in the world’ (2015: 19). If we consider the top decile, the top 10% of wealth holders now own 87.7% of all outstanding global wealth (2015: 24). In the political economy literature, there is a recognition that this period of ...

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