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Crisis, capitalism and democracy
Sinéad Kennedy

dependent on state action, if not, Alex Callinicos argues, in the shape of fiscal stimuli, then in the form of the cheap money policies that are still being pursued by global central banks.9 Several years into the crisis, the pages of the national and global financial press continue to be littered not with optimistic cries of recovery, but rather with loud sighs of relief that the economy has not nose-dived into another recession. That is because, in short, the crisis never went away; it simply mutated from a private debt crisis to a public one. The crisis produced what

in Ireland under austerity