Cédric Durand Bücher

Cédric Durand is a promising young French economist whose new book offers a significant intervention into understanding capitalism's excesses over the past forty years and the rise of finance. Durand provides an insightful analysis of finance-driven capitalism, questioning its prosperity amid declining investment and productivity. He argues that the connection between the shareholder value principle and the globalization of the real economy is key to this phenomenon. The book explores the destructive role of finance in contemporary political economy, filled with brilliant insights and a broad historical and theoretical scope. Utilizing Marx's concept of 'fictitious capital,' Durand sheds light on the inner workings of modern global capitalism and challenges the obfuscations of mainstream economics and neoliberal thought regarding finance's influence. Students seeking to grasp the precarious political and economic landscape will find this exposition rich in data and clear in theory. Reading this compelling work equips readers with the knowledge necessary for the challenges ahead.

Exploring the decline of the New Economy, this book delves into the emergence of techno-feudalism, a system characterized by a digital divide and the concentration of wealth and power in the hands of a few. It critiques the socio-economic implications of this shift, highlighting how technology has reshaped societal structures, often leading to increased inequality and diminished opportunities for the masses. Through insightful analysis, the author examines the consequences of this regression and the challenges it poses for the future.