“Since the 1970S, financial innova­tions such as the securitisation of mortgage debt and the spreading of investment risks through the creation of derivative markets, all tacitly (and now, as we see, actually) backed by state power, have permitted a huge flow of excess liquidity into all facets of urbanisa­tion and built environment construction worldwide.”

“Neoliberalization has meant ,in short,the financialization of everything.There was unquestionably a power shift away from production to the world of finance.”

“The coup that overthrew President Chavez of Venezuela in April 2002 was greeted with euphoria in Washington. The new president—a businessman—was instantly recognized and the hope expressed that stability and order would return to the country, thus creating the basis for solid future development. The New York Times editorialized in identical language.... The coup was reversed three days later and Chavez then came back to power. The State Department soberly denied any prior knowledge about anything, saying it was all an internal matter. It was to be hoped that a peaceful, democratic, and constitutional solution to the difficulties would be arrived at, they said. The New York Times editorial followed suit, merely adding that perhaps it was not a good idea to embrace the overthrow of a democratically elected regime, however obnoxious, too readily if one of America's fundamental values was support for democracy.”

“Neoliberalization has not been very effective in revitalizing global capital accumulation, but it has succeeded remarkably well in restoring, or in some instances (as in Russia and China) creating, the power of an economic elite. The theoretical utopianism of neoliberal argument has, I conclude, primarily worked as a system of justification and legitimation for whatever needed to be done to achieve this goal.”

“This is a great trap of the twentieth century: on one side is the logic of the market, where we like to imagine we all start out as individuals who don't owe each other anything. On the other is the logic of the state, where we all begin with a debt we can never truly pay. We are constantly told that they are opposites, and that between them they contain the only real human possibilities. But it's a false dichotomy. States created markets. Markets require states. Neither could continue without the other, at least, in anything like the forms we would rec­ognize today.”

“There will never be a really free and enlightened state until the state comes to recognize the individual as a higher and independent power, from which all its own power and authority are derived.”

“Al levantar los velos para mostrar como los mitos de la modernidad se iban formando a partir de la Resstauracion, Balzac nos ayuda a identificar la profunda continuidad que subyace en la aparente ruptura radical que se produce a partir de 1848.”