The 2008 crisis produced no genuine reform and empowered the political right

Evidence

Conjure, if you will, a primal sequence encountered in B-grade horror films, where the celluloid protagonist suffers a terrifying encounter with doom, yet on the cusp of disaster abruptly wakes to a different world, which initially seems normal, but eventually is revealed to be a second nightmare more ghastly than the first. Something like that has become manifest in real life since the onset of the crisis which started in 2007. … Not only had the sense of crisis passed without any serious attempts to rectify the flaws that had nearly caused the economy to grind to a halt, but unaccountably, the political right had emerged from the tumult stronger, unapologetic, and even less restrained in its rapacity and credulity than prior to the crash. β€” Philip Mirowski, Never Let a Serious Crisis Go to Waste, 8

Categorization

  • XREF: Echoes the books thesis statement that crisis was β€˜never let go to waste’ β€” this frames the central paradox the whole chapter will explain. β€” connects to: The 2008 crisis strengthened rather than weakened the political right β€” Philip Mirowski, Never Let a Serious Crisis Go to Waste, 8; The 2008 crisis was expected to falsify neoliberal doctrine but did not β€” Philip Mirowski, Never Let a Serious Crisis Go to Waste, 80; The 2008 crisis disoriented the left instead of vindicating its economic worldview β€” Philip Mirowski, Never Let a Serious Crisis Go to Waste, 46 (+8 more)
  • DEEPTHINKING: Less dense than a top-tier passage but frames the puzzle at the heart of the whole book.
  • corroborated: 3 independent passages support this claim β€” Philip Mirowski, Never Let a Serious Crisis Go to Waste, 8

Broader Connections