“The financial regime of the past century has not only led to a massive accumulation of capital in a few private hands and created a powerful oligarchy that operates a policy of radical wealth defense through formally democratic means. With the ongoing collateralization and confiscation of the future, the market itself becomes a creditor-deity, which in the last resort decides the fate of currencies, national economies, social systems, public infrastructures, and private savings….

“[The financial regime] binds through debt and indebtedness. It adapts social and political structures to financial-economic risk. And it returns the forces and uncertainties of a ‘perfidious future’ (in Keynes’ phrase) to the center of our societies.”

— from Joseph Vogl, The Ascendancy of Capital, translated from the German by Simon Garnett (Cambridge: Polity, 2017).