The City of London and the Politics of ‘Invisibles’

2017 ◽  
Author(s):  
Aled Davies
Keyword(s):  
Balance Of Payments ◽  
Industrial Economy ◽  
Financial Centre ◽  
The Social ◽  
Late Twentieth ◽  
Post War ◽  
Political Economic ◽  
City Of London ◽  
The City ◽  
Late Twentieth Century

This chapter considers the resurgence of the City of London as an international financial centre in the late twentieth century. It highlights the role played by a campaign to promote the revival of the City as a post-sterling international financial centre. The Committee on Invisible Exports campaigned for the recognition of the City’s contribution to Britain’s balance of payments through its ‘invisible earnings’, and argued that this could be increased by reducing impediments on its activities. The invisibles campaign was a distinct product of the post-war preoccupation with the balance of payments, which challenged the fundamental belief, embedded in economic policy since the war, that the route to national prosperity was in expanding industrial production. The campaign sought to reconceptualize Britain as a historic commercial and financial, rather than industrial, economy. In doing so it undercut a core principle on which the social democratic political–economic project was based.

Introduction

2017 ◽  
Author(s):  
Aled Davies
Keyword(s):  
Industrial Development ◽  
The Political ◽  
Social Democratic ◽  
Financial Centre ◽  
Conservative Government ◽  
The Social ◽  
Post War ◽  
City Of London ◽  
The Relationship ◽  
The City

This book is a study of the political economy of Britain’s chief financial centre, the City of London, in the two decades prior to the election of Margaret Thatcher’s first Conservative government in 1979. The primary purpose of the book is to evaluate the relationship between the financial sector based in the City, and the economic strategy of social democracy in post-war Britain. In particular, it focuses on how the financial system related to the social democratic pursuit of national industrial development and modernization, and on how the norms of social democratic economic policy were challenged by a variety of fundamental changes to the City that took place during the period....

The Social Identity of Hosts and Patrons

2018 ◽  
Author(s):  
Christel Lane
Keyword(s):  
World War Ii ◽  
Organizational Identity ◽  
World War ◽  
Social Segregation ◽  
Social Mixing ◽  
The Social ◽  
Late Twentieth ◽  
Nineteenth And Twentieth Centuries ◽  
Post War ◽  
Late Twentieth Century

This chapter analyses inns, taverns, and public houses in their social context, exploring their organizational identity and the social positions of their owners/tenants. It examines how patrons express their class, gender, and national identity by participation in different kinds of sociality. Seventeenth- and eighteenth-century hostelries afforded more opportunities for cross-class sociability than in later centuries. Social mixing was facilitated because the venues fulfilled multiple economic, social, and political functions, thereby providing room for social interaction apart from communal drinking and eating. Yet, even in these earlier centuries, each type of hostelry already had a distinctive class character, shaping its organizational identity. Division along lines of class hardened, and social segregation increased in the nineteenth and twentieth centuries, up to World War II. In the post-War era, increased democratization of society at large became reflected in easier social mixing in pubs. Despite this democratization, during the late twentieth century the dominant image of pubs as a working-class institution persisted.

Conclusion

2017 ◽  
Author(s):  
Aled Davies
Keyword(s):  
International Monetary System ◽  
The State ◽  
Real Economy ◽  
Social Democratic ◽  
Monetary System ◽  
1960S And 1970S ◽  
Post War ◽  
The 1960S ◽  
City Of London ◽  
The City

The aim of this book has been to evaluate the relationship between Britain’s financial sector, based in the City of London, and the social democratic economic strategy of post-war Britain. The central argument presented in the book was that changes to the City during the 1960s and 1970s undermined a number of the key post-war social democratic techniques designed to sustain and develop a modern industrial economy. Financial institutionalization weakened the state’s ability to influence investment, and the labour movement was unable successfully to integrate the institutionalized funds within a renewed social democratic economic agenda. The post-war settlement in banking came under strain in the 1960s as new banking and credit institutions developed that the state struggled to manage. This was exacerbated by the decision to introduce competition among the clearing banks in 1971, which further weakened the state’s capacity to control the provision and allocation of credit to the real economy. The resurrection of an unregulated global capital market, centred on London, overwhelmed the capacity of the state to pursue domestic-focused macroeconomic policies—a problem worsened by the concurrent collapse of the Bretton Woods international monetary system. Against this background, the fundamental social democratic assumption that national prosperity could be achieved only through industry-led growth and modernization was undermined by an effective campaign to reconceptualize Britain as a fundamentally financial and commercial nation with the City of London at its heart....

The Politics of Banking and Social Democracy

2017 ◽  
Author(s):  
Aled Davies
Keyword(s):  
Banking System ◽  
Social Democracy ◽  
The Political ◽  
Social Democratic ◽  
Industrial Economy ◽  
The Social ◽  
1960S And 1970S ◽  
Post War ◽  
The 1960S ◽  
Political Demand

This chapter concerns the politics of managing the domestic banking system in post-war Britain. It examines the pressures brought to bear on the post-war settlement in banking during the 1960s and 1970s—in particular, the growth of new credit creating institutions and the political demand for more competition between banks. This undermined the social democratic model for managing credit established since the war. The chapter focuses in particular on how the Labour Party attempted in the 1970s to produce a banking system that was competitive, efficient, and able to channel credit to the struggling industrial economy.

scholarly journals From Big Bang to Brexit: The City of London and the Discursive Power of Finance

2021 ◽  
pp. 003232172098571
Author(s):  
Scott James ◽  
Hussein Kassim ◽  
Thomas Warren
Keyword(s):  
Big Bang ◽  
Policy Discourse ◽  
Real Economy ◽  
Financial Centre ◽  
Business Power ◽  
Financial Power ◽  
Discursive Power ◽  
City Of London ◽  
The City ◽  
The Eu

This article aims to generate new insights into the City’s influence during the Brexit negotiations. Integrating theories of discursive institutionalism and business power, we set out to analyse the dynamic ‘discursive power’ of finance. From this perspective, a key source of the City’s influence historically has been a powerful strategic discourse about London’s role as Europe’s leading global financial centre. This was strengthened following the financial crisis to emphasise its contribution to the ‘real’ economy and emerging regulatory threats from the EU. We argue that Brexit challenges the City’s discursive power by removing ‘ideational constraints’ on acceptable policy discourse, and undermining the ‘discursive co-production’ of financial power by government and industry. By encouraging financial actors to re-evaluate their interests, this has contributed to increasing discursive fragmentation and incoherence. Evidence for this comes from the City’s ambiguous policy preferences on Brexit, and the emergence of a rival pro-Brexit ‘discursive coalition’.

‘A Victorian community overseas’ transformed: demographic and morphological change in suburban Melbourne, Australia, 1947–1981

Urban History ◽  
2014 ◽  
Vol 42 (3) ◽  
pp. 463-482
Author(s):  
SEAMUS O’HANLON
Keyword(s):  
Twentieth Century ◽  
Morphological Change ◽  
Metropolitan Area ◽  
Building Industry ◽  
Victorian Era ◽  
Late Twentieth ◽  
Post War ◽  
Late Twentieth Century

ABSTRACTOne of the world's great Victorian-era suburban metropolises, Melbourne, Australia, was transformed by mass immigration and the redevelopment of some of its older suburbs with low-rise flats and apartments in the post-war years. Drawing on a range of sources, including census material, municipal rate and valuation books, immigration and company records, as well as building industry publications, this article charts demographic and morphological change across the Melbourne metropolitan area and in two particular suburbs in the mid- to late twentieth century. In doing so, it both responds to McManus and Ethington's recent call for more histories of suburbs in transition, and seeks to embed the role of immigration and immigrants into Melbourne's urban historiography.

scholarly journals QUEER CRITICISM AS A POST-MODERNIST APPROACH

2015 ◽  
Vol 1 (1) ◽  
pp. 132
Author(s):  
Hamdi Hameed Yousif
Keyword(s):  
Literary Criticism ◽  
Literary Work ◽  
First Century ◽  
Critical Approach ◽  
The Social ◽  
Late Twentieth ◽  
The Common ◽  
Characteristic Features ◽  
The One ◽  
Late Twentieth Century

One of the post-modernist approaches to literary criticism is the queer criticism which has not been evaluated properly. Queer criticism can refer to any piece of literary criticism that interprets a text from a non-straight perspective. Therefore, it includes both lesbian and gay criticism. The aim of this paper, therefore, is to trace the social and political reasons behind the emergence of Queer criticism in the late twentieth century till it acquired momentum in the twenty-first century. After trying to define the terms related to the Queer criticism, the paper tries to examine the poetics of queer (gay and lesbian) literary works and to point out the main characteristic features of this critical approach by identifying the criteria and the textual evidence by which a literary work is labeled queer. It, also tries to shed light on the common features between queer criticism and feminism, on the one hand, and queer criticism and the deconstructuralist approach on the other hand. The final section of the study is a critique which points out the negative aspects of this approach.

scholarly journals Patriarchal Regime of the Spectacle: Racial and Gendered Gaze in Jhumpa Lahiri’s Fiction

2017 ◽  
Vol 6 (2) ◽  
pp. 221 ◽  
Author(s):  
Moussa Pourya Asl ◽  
Nurul Farhana Low bt Abdullah
Keyword(s):  
Sexual Difference ◽  
Social Regulation ◽  
Complex Relation ◽  
Self Image ◽  
The Social ◽  
Late Twentieth ◽  
Gendered Gaze ◽  
Affective Consequences ◽  
And Control ◽  
Late Twentieth Century

This article attempts to evince the political, cultural and affective consequences of Jhumpa Lahiri’s diasporic writings and their particular enunciations of the literary gaze. To do so, it details the manner in which the stories’ exercise of visual operations rigidly corresponds with those of the Panopticon. The essay argues that Lahiri’s narrative produces a kind of panoptic machine that underpins the ‘modes of social regulation and control’ that Foucault has explained as disciplinary technologies. By situating Lahiri’s stories, “A Real Durwan” and “Only Goodness,” within a historical-political context, this essay aims at identifying the way in which panopticism defines her fiction as both a record of and a participant in the social, sexual and political ‘paranoia’ behind the propaganda of America’s self-image as the land of freedom. We maintain that Lahiri’s fiction situates itself in complex relation to the postcolonial concerns of the late twentieth century, suggesting that through their fascination with a visual literalization of the panoptic machine, and by privileging the masculine gaze, the stories legitimate the perpetuation of socially prescribed notion of sexual difference.  Keywords: Gaze, Sexual difference, Panopticon, A Real Durwan, Only Goodness

Decision-making under duress: the treatment of churches in the City of London during and after World War II

Urban History ◽  
2012 ◽  
Vol 39 (2) ◽  
pp. 285-309 ◽  
Author(s):  
PETER J. LARKHAM ◽  
JOE L. NASR
Keyword(s):  
Decision Making ◽  
World War Ii ◽  
World War ◽  
Post War ◽  
Set Up ◽  
The Uk ◽  
Multiple Experts ◽  
City Of London ◽  
The City ◽  
The Church

ABSTRACT:The process of making decisions about cities during the bombing of World War II, in its immediate aftermath and in the early post-war years remains a phenomenon that is only partly understood. The bombing left many church buildings damaged or destroyed across the UK. The Church of England's churches within the City of London, subject to a complex progression of deliberations, debates and decisions involving several committees and commissions set up by the bishop of London and others, are used to review the process and product of decision-making in the crisis of war. Church authorities are shown to have responded to the immediate problem of what to do with these sites in order most effectively to provide for the needs of the church as an organization, while simultaneously considering other factors including morale, culture and heritage. The beginnings of processes of consulting multiple experts, if not stakeholders, can be seen in this example of an institution making decisions under the pressures of a major crisis.

Counterweight: Helen Samuels, Archival Decolonization, and Social License

2021 ◽  
Vol 84 (2) ◽  
pp. 420-444
Author(s):  
Greg Bak
Keyword(s):  
Twentieth Century ◽  
Indigenous Peoples ◽  
School System ◽  
Indigenous Rights ◽  
Residential School ◽  
Archival Appraisal ◽  
Social License ◽  
The Social ◽  
Late Twentieth ◽  
Late Twentieth Century

ABSTRACT Helen Samuels sought to document institutions in society by adding to official archives counterweights of private records and archivist-created records such as oral histories. In this way, she recognized and sought to mitigate biases that arise from institution-centric application of archival functionalism. Samuels's thinking emerged from a late-twentieth-century consensus on the social license for archival appraisal, which formed around the work of West German archivist Hans Booms, who wrote, “If there is indeed anything or anyone qualified to lend legitimacy to archival appraisal, it is society itself.” Today, archivists require renewed social license in light of acknowledgment that North American governments and institutions sought to open lands for settlement and for exploitation of natural resources by removing or eliminating Indigenous peoples. Can a society be said to “lend legitimacy” to archival appraisal when it has grossly violated human, civil, and Indigenous rights? Starting from the question of how to create an adequate archives of Canada's Indigenous residential school system, the author locates Samuels's work amid other late-twentieth-century work on appraisal and asks how far her thinking can take us in pursuit of archival decolonization.

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