A. Do you think that financialization and precarization are a new “Great Transformation”?

In your argument, address:

1) How the global division of capital is linked to the global division of labor. In more precise terms, identify two ways in which financialization and deregulation have created an environment that facilitates precarization of work.

2) Offer a brief explain for people’s willingness to work in precarious jobs.

3) How the benefits and costs of precarious work are distributed for western consumers.

B. According to Mohamed, how do “credible policies” contribute to the creation of the precariat, and how are these anti-democratic?