Deepening Neoliberalism, Austerity, and Crisis

Deepening Neoliberalism, Austerity, and Crisis

Author: Julien Mercille

Publisher: Springer

Published: 2015-07-07

Total Pages: 335

ISBN-13: 1137468769

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From bank bailouts to austerity, Europe's and Ireland's response to the economic crisis has been engineered specifically to shift the burden of paying for the crisis onto ordinary citizens while investors, financiers, bankers and the privileged are protected. The authors expose the class-based nature of Ireland's crisis resolution.


Deepening Neoliberalism, Austerity, and Crisis

Deepening Neoliberalism, Austerity, and Crisis

Author: Julien Mercille

Publisher: Palgrave Macmillan

Published: 2015-07-27

Total Pages: 0

ISBN-13: 9781137468758

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From bank bailouts to austerity, Europe's and Ireland's response to the economic crisis has been engineered specifically to shift the burden of paying for the crisis onto ordinary citizens while investors, financiers, bankers and the privileged are protected. The authors expose the class-based nature of Ireland's crisis resolution.


Deepening Neoliberalism, Austerity, and Crisis

Deepening Neoliberalism, Austerity, and Crisis

Author: Julien Mercille

Publisher: Palgrave Macmillan

Published: 2014-01-14

Total Pages: 211

ISBN-13: 9781349558056

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From bank bailouts to austerity, Europe's and Ireland's response to the economic crisis has been engineered specifically to shift the burden of paying for the crisis onto ordinary citizens while investors, financiers, bankers and the privileged are protected. The authors expose the class-based nature of Ireland's crisis resolution.


Deepening Neoliberalism, Austerity, and Crisis

Deepening Neoliberalism, Austerity, and Crisis

Author: Julien Mercille

Publisher: Springer

Published: 2015-07-07

Total Pages: 220

ISBN-13: 1137468769

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From bank bailouts to austerity, Europe's and Ireland's response to the economic crisis has been engineered specifically to shift the burden of paying for the crisis onto ordinary citizens while investors, financiers, bankers and the privileged are protected. The authors expose the class-based nature of Ireland's crisis resolution.


Late Neoliberalism and its Discontents in the Economic Crisis

Late Neoliberalism and its Discontents in the Economic Crisis

Author: Donatella Della Porta

Publisher: Springer

Published: 2016-10-29

Total Pages: 318

ISBN-13: 3319350803

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This book analyses protests against the Great Recession in the European periphery. While social movements have long been considered as children of affluent times - or at least of times of opening opportunities - these protests defy such expectations, developing instead in moments of diminishing opportunities in both the economic and the political realms. Can social movement studies still be useful to understanding these movements of troubled times? The authors offer a positive answer to this question, although specify the need to bridge contentious politics with other fields, including political economy. They highlight differences in the social movements’ strength and breadth and attempt to understand them in terms of three sets of dimensions: a) the specific characteristics of the socio-economic crisis and its consequences in terms of mobilization potential; b) the political reactions to it, in what we can define as political opportunities and threats; and c) the social movement cultures and structures that characterize each country. The book discusses these topics through a contextualized analysis of anti-austerity protest in the European periphery.


The Global Life of Austerity

The Global Life of Austerity

Author: Theodoros Rakopoulos

Publisher: Berghahn Books

Published: 2018-06-18

Total Pages: 155

ISBN-13: 1785338714

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Austerity and structural adjustment programs are just the latest forms of neoliberal policy to have a profoundly damaging impact on the targeted populations. Yet, as the contributors to this collection argue, the recent austerity-related European crisis is not a breach of erstwhile development schemes, but a continuation of economic policies. Using historical analysis and ethnographically-grounded research, this volume shows the similarities of the European conundrum with realities outside Europe, seeing austerity in a non-Eurocentric fashion. In doing so, it offers novel insights as to how economic crises are experienced at a global level.


The Age of Crisis

The Age of Crisis

Author: Alfredo Saad-Filho

Publisher: Springer Nature

Published: 2021-09-27

Total Pages: 246

ISBN-13: 3030816087

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This book offers an analysis of the causes, development, and likely consequences of the Covid-19 pandemic for global neoliberalism. The analysis will draw upon the author’s previous work on neoliberalism, and on its twin crises: the economic crisis (the Global Financial Crisis (GFC), ongoing since 2007) and, subsequently, the crisis of political democracy that has been associated with the rise of ‘spectacular’ authoritarian leaders in several countries. The approach is grounded on Marxist political economy. The book argues that the Covid-19 pandemic emerges out of this context of deep inequalities and crises in the economy and in politics, and it is likely to reinforce the exclusionary tendencies of neoliberalism, with detrimental implications both for economic prosperity and for democracy. In turn, the pandemic has revealed the limitations of neoliberalism like never before, with implications for the legitimacy of capitalism itself, and opening unprecedented spaces for the left. This book will be of interest to academics in economics, international relations, political science, political economy, sociology and development studies.


Crisis

Crisis

Author: Sylvia Walby

Publisher: John Wiley & Sons

Published: 2015-10-30

Total Pages: 174

ISBN-13: 150950320X

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We are living in a time of crisis which has cascaded through society. Financial crisis has led to an economic crisis of recession and unemployment; an ensuing fiscal crisis over government deficits and austerity has led to a political crisis which threatens to become a democratic crisis. Borne unevenly, the effects of the crisis are exacerbating class and gender inequalities. Rival interpretations – a focus on ‘austerity’ and reduction in welfare spending versus a focus on ‘financial crisis’ and democratic regulation of finance – are used to justify radically diverse policies for the distribution of resources and strategies for economic growth, and contested gender relations lie at the heart of these debates. The future consequences of the crisis depend upon whether there is a deepening of democratic institutions, including in the European Union. Sylvia Walby offers an alternative framework within which to theorize crisis, drawing on complexity science and situating this within the wider field of study of risk, disaster and catastrophe. In doing so, she offers a critique and revision of the social science needed to understand the crisis.


The Contradictions of Austerity

The Contradictions of Austerity

Author: Jeffrey Sommers

Publisher: Routledge

Published: 2014-04-24

Total Pages: 203

ISBN-13: 131780015X

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The great financial crisis of 2008 and the ensuing global economic and financial turmoil have launched a search for "models" for recovery. The advocates of austerity present the Baltic States as countries that through discipline and sacrifice showed the way out of crisis. They have proposed the "Baltic model" of radical public sector cuts, wage reductions, labor market reforms and reductions in living standards for other troubled Eurozone countries to emulate. Yet, the reality of the Baltic "austerity fix" has been neither fully accepted by its peoples, nor is it fully a success. This book explains why and what are the real social and economic costs of the Baltic austerity model. We examine each of the Baltic States by connecting national level studies within a European and global political economy, thereby delivering comparative breadth that supersedes localized understandings of the crisis. Thus for each of the three Baltic states, individual chapters explore the different economic and social dimensions of neo-liberal post-communism and the subsequent wider global economic and financial crisis in which these newly financialized economies have found themselves especially vulnerable. The "austerity model" adopted by Baltic national governments in response to the crisis reveals the profound vulnerabilities created by their unwavering commitment to liberalized economies, not least in terms of the significant "exit" of their labor forces and consequent population loss. This book looks beyond basic financial metrics claiming a success story for the Baltic austerity model to reveal the damaging economic and social consequences, first of neo-liberal policies adopted during transition, and latterly of austerity measures based on "internal devaluation." Combined these policies undermine the possibility of longer-term recovery and even social and economic sustainability, not to mention prospects for successful integration in the now-faltering European project that has departed from its "Social Model" roots.


Never Let a Serious Crisis Go to Waste

Never Let a Serious Crisis Go to Waste

Author: Philip Mirowski

Publisher: Verso Books

Published: 2014-04-15

Total Pages: 497

ISBN-13: 1781683026

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At the onset of the Great Recession, as house prices sank and joblessness soared, many commentators concluded that the economic convictions behind the disaster would now be consigned to history. Yet in the harsh light of a new day, attacks against government intervention and the global drive for austerity are as strong as ever. Never Let a Serious Crisis Go to Waste is the definitive account of the wreckage of what passes for economic thought, and how neoliberal ideas were used to solve the very crisis they had created. Now updated with a new afterword, Philip Mirowski’s sharp and witty work provides a roadmap for those looking to escape today’s misguided economic dogma.