- Alienation, Emancipation and Critique
- Feminism, Capitalism, and Critique
- Table of Contents: Sociology - capitalism - critique /
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Alienation, Emancipation and Critique
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Learn more Check out. This institutional arrangement turned out to have a significant drawback: a pattern of chronic inflation emerged that, by the late s, was widely perceived as a major problem. Muddling through, it seemed, was the price of avoiding another financial crash and depression.
The Volcker shock of changed this dynamic in a way that Minsky had not foreseen but that is comprehensible when seen through the lens he provided us with. Paul Volcker looked to monetarism not as a means to enforce an external limit or standard on the financial system, but as a politically expedient way to break with accommodating policies and to proactively engage the endogenous dynamics of finance.
The consequences of the Volcker shock were predictable which is exactly why the Federal Reserve had been reluctant to pursue similar policies in previous years : inflation gave way to instability and crisis. Inflation was conquered as jobs were lost and wages stagnated. And, far from money being returned to its neutral exchange function, opportunities for speculation multiplied. The American state was never going to sit idly by as the financial system returned to dynamics of boom and bust: when instability took the form of systemic threats, authorities would bail out the institutions that had overextended themselves.
Of course, Volcker would not have been able to predict the specific features of the too-big-to-fail regime as it emerged during the s and evolved subsequently; but the very point of the neoliberal turn in financial management that he had overseen was to create a context where risk could be socialized in ways that were more selective and therefore did not entail generalized inflation. Existing critical perspectives tend to view crisis and the need for bank bailouts as manifesting the essential incoherence of neoliberal finance, its lack of solid foundations and the irrationality of speculation.
Capital and Time breaks with such moralistic assessments. At this point in time, the critique of speculation does little more than lend credibility to official discourses that present crises as preventable and bailouts as one-off, never-to-be-repeated interventions.bbmpay.veritrans.co.id/aranga-conocer-chica.php
Feminism, Capitalism, and Critique
In that way, it prevents us from critically relating to a neoliberal reality that has been shaped to its core by the speculative exploitation of risk and uncertainty, and in which regressive risk socialization serves as the everyday logic of financial governance. This post originally appeared on the Stanford University Press blog. You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email.
Notify me of new posts via email. Add to basket. Cover Text The first step towards changing the system is to analyze and understand it.
Table of Contents: Sociology - capitalism - critique /
By discussing key critical issues such as the questions of accumulation and expropriation, discipline and freedom, and the powerful new sociological concepts of activation and acceleration, they reclaim a socially committed sociology, taking the side of the potential losers of the current crisis and in more general terms placing the future well-being of society at the center of their research.
Product Type Stationery. Binding Paperback. Publisher Verso Books. Publishing year Language English. Article no.
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Genre Nonbook: PBS paper, office supplies, stationery supplies. Write a review. His areas of research include the theory of capitalism, finance capitalism, flexible and precarious employment, labour relations and strategic unionism, and the Green New Deal, among others.