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In an instant, the immaterial aspects of the financial capitalist system melted away, as the tightly held logic of neoliberalism came crashing inward. The world watched with fear and awe as the collapse of the speculative markets quickly exposed the entire financial system, and foundational institutions— imbued with all of the power and majesty of global capital—crumbled before our eyes. The price of the hubris, however, went beyond the boardrooms of Lehman Brothers, and in a few short months the grim realities of the crisis took a vicious toll on working people. Families lost their houses to fore- closure, elderly couples lost their life savings to the rapacious market, and working people lost their jobs and livelihood to the aggressive greed of an unchecked financial system.
