Dear Julian,
A belated (and immodest) suggestion for your work on the future of
the capitalist system: have a look at M.C. Howard and J.E. King, THE
RISE OF NEOLIBERALISM IN ADVANCED CAPITALIST ECONOMIES: A MATERIALIST
INTERPRETATION (Palgrave Macmillan 2008). Chapter 8 is devoted to
this question.
Best wishes,
John King.