Title: Nemesis of ‘market fundamentalism’? The ideology, deregulation and crisis of finance
Abstract: Although the global financial crisis is deepening and becoming increasingly unresponsive to ‘management’, most academic analysts still give priority to the technical aspects of the problem, while governments continue to act as though solutions can be found that will result in a return to ‘normality’. Such functional approaches may be necessary for understanding elements of the crisis and dealing with immediate issues, but are insufficient in the context of what is now revealing itself as a systemic failure: a process that is negatively affecting the economy and society, obliging people to give greater consideration to the kind of world in which they live. This article will seek to address the shift from objective problem to subjective question by examining the political economy of the crisis and the ensemble of factors, ideology, the history of deregulation and politics as well as technical matters, which have led us to this juncture.
Publication Year: 2009
Publication Date: 2009-05-08
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 2
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