The indomitable presence of ‘turbo’ capitalism, and its claim to be ‘the only and hottest game in town’, has been radically undermined by recent events on the world stage. The manifest failures of corporate accounting systems — as exemplified in the Enron and WorldCom scandals — and reckless investments in speculative offshore hedge accounts, along with corporate greed, have shaken neoliberalism to its core. Accumulative, acquisitive and consumptive (over)drives have threatened the normative basis of the existing political economy.
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