Three years after the global financial crisis (GFC) it is timely to assess its
origins, impacts and consequences. The dominant explanation for the
crisis in popular discourse has focused on factors that lie outside the
sphere of capital accumulation, whether these are the ‘common sense’
ideas that the GFC resulted from unbridled ‘greed’ by the bankers or the
incapacity of poor people to manage their mortgages, or the Keynesian
notion that the crisis resulted from inadequate regulation of the financial
system