Description
Discover the compelling analysis in 'The Ascendancy of Finance,' a crucial read for anyone interested in the intricate interplay between economics and politics in the modern world. This insightful book by Joseph Vogl delves deep into the aftermath of the 2008 global financial crisis, highlighting how informal decision-making processes have emerged in a blurred space where government and finance intersect.
As you explore the themes of this brand new publication, you'll learn how ad hoc institutions have supplanted traditional governmental authority, shaped by a neoliberal narrative that exploits crises to achieve politically unfeasible goals. Vogl artfully combines historical context with theoretical discourse, demonstrating that finance has ascended to a 'fourth estate,' intricately linking treasury operations with private economic endeavors.
With a focus on the past three centuries, this book outlines a transformative process where the financial sector's influence has significantly increased, reshaping state power and societal structure. Vogl examines the concerning financialization of government, tracing the erosion of state sovereignty as markets gain supremacy, underpinned by policies that favor financial entities.
This 200-page publication, released in 2017 by John Wiley & Sons, offers a profound look into how political systems have become captive to financial regimes and how the corporate model infiltrates daily life, confining citizens to the cycle of financial capital production.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Condition: BRAND NEW
ISBN: 9781509509300
Year: 2017
Publisher: John Wiley & Sons (UK)
Pages: 200
Description:
The global financial crisis of 2008 ushered in a system of informal decision-making in the grey zone between economics and politics. Legitimized by a rhetoric of emergency, ad hoc bodies have usurped democratically elected governments. In line with the neoliberal credo, the recent crisis has been used to realize the politically impossible and to re-align executive power with the interests of the finance industry.
In this important book, Joseph Vogl offers a much longer perspective on these developments, showing how the dynamics of modern finance capitalism have always rested on a complex and constantly evolving relationship between private creditors and the state. Combining historical and theoretical analysis, Vogl argues that over the last three centuries, finance has become a "fourth estate," marked by the systematic interconnection of treasury and finance, of political and private economic interests.
Against this historical background, Vogl explores the latest phase in the financialization of government, namely the dramatic transfer of power from states to markets in the latter half of the 20th century. From the liberalization of credit and capital markets to the privatization of social security, he shows how policy has actively enabled a restructuring of the economy around the financial sector. Political systems are "imprisoned" by the regime of finance, while the corporate model suffuses society, enclosing populations in the production of financial capital.
The Ascendancy of Finance provides valuable and unsettling insight into the genesis of modern power and where it truly resides.
As you explore the themes of this brand new publication, you'll learn how ad hoc institutions have supplanted traditional governmental authority, shaped by a neoliberal narrative that exploits crises to achieve politically unfeasible goals. Vogl artfully combines historical context with theoretical discourse, demonstrating that finance has ascended to a 'fourth estate,' intricately linking treasury operations with private economic endeavors.
With a focus on the past three centuries, this book outlines a transformative process where the financial sector's influence has significantly increased, reshaping state power and societal structure. Vogl examines the concerning financialization of government, tracing the erosion of state sovereignty as markets gain supremacy, underpinned by policies that favor financial entities.
This 200-page publication, released in 2017 by John Wiley & Sons, offers a profound look into how political systems have become captive to financial regimes and how the corporate model infiltrates daily life, confining citizens to the cycle of financial capital production.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Condition: BRAND NEW
ISBN: 9781509509300
Year: 2017
Publisher: John Wiley & Sons (UK)
Pages: 200
Description:
The global financial crisis of 2008 ushered in a system of informal decision-making in the grey zone between economics and politics. Legitimized by a rhetoric of emergency, ad hoc bodies have usurped democratically elected governments. In line with the neoliberal credo, the recent crisis has been used to realize the politically impossible and to re-align executive power with the interests of the finance industry.
In this important book, Joseph Vogl offers a much longer perspective on these developments, showing how the dynamics of modern finance capitalism have always rested on a complex and constantly evolving relationship between private creditors and the state. Combining historical and theoretical analysis, Vogl argues that over the last three centuries, finance has become a "fourth estate," marked by the systematic interconnection of treasury and finance, of political and private economic interests.
Against this historical background, Vogl explores the latest phase in the financialization of government, namely the dramatic transfer of power from states to markets in the latter half of the 20th century. From the liberalization of credit and capital markets to the privatization of social security, he shows how policy has actively enabled a restructuring of the economy around the financial sector. Political systems are "imprisoned" by the regime of finance, while the corporate model suffuses society, enclosing populations in the production of financial capital.
The Ascendancy of Finance provides valuable and unsettling insight into the genesis of modern power and where it truly resides.