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Counterrevolution
Extravagance and Austerity in Public Finance
Buch von Melinda Cooper
Sprache: Englisch

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Beschreibung
"A thorough investigation of the current combination of austerity and extravagance that characterizes government spending and central bank monetary policy. At the close of the 1970s, government treasuries and central banks took a vow of perpetual self-restraint. While, to this day, welfare states do penance for fiscal sins, a closer look at the period of neoliberal ascendancy reveals a deep paradox. For all their pledges to contain debt and stamp out inflation, fiscal and monetary authorities have persistently violated their own moral code to indulge the interests of financial asset holders. Though mere wage earners are condemned to grinding austerity, wealthy investors inhabit a parallel universe of extravagant possibility. Melinda Cooper reads the neoliberal turn in public finance as a counterrevolutionary project-a trauma response to the turmoil of the late 1960s and early 1970s. The book focuses on the role of public choice theory and supply-side economics in driving this counterrevolution and orchestrating the distribution of extravagance and austerity. Neoliberal public finance has not only deepened the divide between rich and poor. It has also reshaped the organizational form of capitalism itself. Dynastic capitalism is back with a vengeance, reckless as in the gilded age but much more actively subsidized by the state.Far-reaching as the neoliberal counterrevolution has been, Cooper still identifies a counterfactual history of unrealized possibilities in the capitalist crisis of the 1970s. She concludes by inviting us to rethink the concept of revolution and raises the question: is another politics of extravagance possible?"--
"A thorough investigation of the current combination of austerity and extravagance that characterizes government spending and central bank monetary policy. At the close of the 1970s, government treasuries and central banks took a vow of perpetual self-restraint. While, to this day, welfare states do penance for fiscal sins, a closer look at the period of neoliberal ascendancy reveals a deep paradox. For all their pledges to contain debt and stamp out inflation, fiscal and monetary authorities have persistently violated their own moral code to indulge the interests of financial asset holders. Though mere wage earners are condemned to grinding austerity, wealthy investors inhabit a parallel universe of extravagant possibility. Melinda Cooper reads the neoliberal turn in public finance as a counterrevolutionary project-a trauma response to the turmoil of the late 1960s and early 1970s. The book focuses on the role of public choice theory and supply-side economics in driving this counterrevolution and orchestrating the distribution of extravagance and austerity. Neoliberal public finance has not only deepened the divide between rich and poor. It has also reshaped the organizational form of capitalism itself. Dynastic capitalism is back with a vengeance, reckless as in the gilded age but much more actively subsidized by the state.Far-reaching as the neoliberal counterrevolution has been, Cooper still identifies a counterfactual history of unrealized possibilities in the capitalist crisis of the 1970s. She concludes by inviting us to rethink the concept of revolution and raises the question: is another politics of extravagance possible?"--
Über den Autor
Melinda Cooper is Professor in the School of Sociology at the Australian National University. She is the author of Family Values: Between Neoliberalism and the New Social Conservatism.
Details
Erscheinungsjahr: 2024
Genre: Politikwissenschaften
Rubrik: Wissenschaften
Medium: Buch
Seiten: 568
ISBN-13: 9781942130932
ISBN-10: 1942130937
Sprache: Englisch
Einband: Gebunden
Autor: Cooper, Melinda
Hersteller: Zone Books
Maße: 213 x 166 x 45 mm
Von/Mit: Melinda Cooper
Erscheinungsdatum: 26.03.2024
Gewicht: 0,938 kg
preigu-id: 127351571
Über den Autor
Melinda Cooper is Professor in the School of Sociology at the Australian National University. She is the author of Family Values: Between Neoliberalism and the New Social Conservatism.
Details
Erscheinungsjahr: 2024
Genre: Politikwissenschaften
Rubrik: Wissenschaften
Medium: Buch
Seiten: 568
ISBN-13: 9781942130932
ISBN-10: 1942130937
Sprache: Englisch
Einband: Gebunden
Autor: Cooper, Melinda
Hersteller: Zone Books
Maße: 213 x 166 x 45 mm
Von/Mit: Melinda Cooper
Erscheinungsdatum: 26.03.2024
Gewicht: 0,938 kg
preigu-id: 127351571
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