Back to the future: On the British liberal left’s return to its origins

2020 ◽  
Vol 16 (1) ◽  
pp. 65-73
Author(s):  
Steve Hall ◽  
Simon Winlow
Keyword(s):  
Global Financial Crisis ◽  
Conservative Party ◽  
The Political ◽  
Economic Policies ◽  
Short Article ◽  
Working Classes ◽  
History Of ◽  
The Rich ◽  
The Global Financial Crisis ◽  
Political Right

Why has the Labour Party in Britain been unable to take advantage of the historic opportunity presented by the global financial crisis to press its case for radical socio-economic reform? Why, despite more than a decade of Tory austerity and genuine signs of social crisis, does it find itself behind in the polls to a Conservative Party openly committed to shrinking the state and providing further tax cuts to the rich? In this short article, we reflect upon the history of the political left in Britain, and suggest that the liberalization of the left ‐ and the long-running marginalization of the working classes, their concerns and their real-world experiences ‐ reveals an underlying antagonism that is driving many voters supportive of interventionist economic policies but suspicious of the left’s cultural agenda into the hands of the political right.

5. Neoliberalism challenged

2021 ◽  
pp. 100-128
Author(s):  
Manfred B. Steger ◽  
Ravi K. Roy
Keyword(s):  
Global Financial Crisis ◽  
Real Estate Market ◽  
Policy Framework ◽  
The Political ◽  
Economic Decline ◽  
Neoliberal Globalization ◽  
Globalizing World ◽  
Cultural Tensions ◽  
The Global Financial Crisis ◽  
Political Right

‘Neoliberalism challenged’ studies the challenges to neoliberalism in the 21st century. The most serious challenge to the dominant neoliberal framework occurred in 2008, when the collapse of the American over-valued real-estate market triggered the global financial crisis. Reacting to rising economic and cultural tensions in a globalizing world, nationalist forces on the political Right were also gathering strength in the 2010s. National populists blamed neoliberal globalization for economic decline and cultural decay. To get a better sense of the nature of national populism's challenge to neoliberalism, the mixed ideological and policy framework of Trumpism should be looked at. What is the future for neoliberalism?

scholarly journals ABOUT MEDIEVAL EGYPTIAN HISTORIANS

2020 ◽  
pp. 46-55
Author(s):  
ZUKHRA ARIPOVA
Keyword(s):  
Middle East ◽  
Primary Sources ◽  
The Political ◽  
Ibn Khaldun ◽  
Political Processes ◽  
History Of ◽  
Extensive Information ◽  
The Rich ◽  
Mamluk Period ◽  
Historical Methods

This article is dedicated to the life and work of historians of the Mamluk period (1250-1517) in Egypt and the rich heritage left by them. In the XIII-XV centuries, Egypt had a special place among the countries of the Middle East due to the activities of the Mamluks. The prestige of the Mamluk sultans increased due to their victories in the fght against the Crusaders and the Mongols in the Middle East. The establishment of Mamluk rule in the history of Egypt, the growth of the superiority of military Mamluks in the country, the rise of the Bakhrit Mamluk sultans (1250-1382) and the political processes of the Burjit (Circassian) Mamluk period (1282-1517) are of particular interest for s this study. This article provides extensive information on the activities and works of medieval historians such as Abu alMahasin, Ibn Daud Al-Sayraf, Abd Ar-Rahman As-Sahawi, Jalal ad-Din As-Suyuti, Ibn Iyas Muhammad ibn Ahmad and Ibn Zanbal Ar-Rummal, Ali ibn Ahmad Ibn al-Asir, Abd Ar-Rahman Ibn Khaldun, al-Umari, Shahab ad-din alKalkashandi, Taki ad-din Al-Makrizi, Az-Zahiri, Khalil ibn Shahin. Relevance: After Uzbekistan gained independence, orientalists have new opportunities to search, study and disseminate information about Islam and the history of Islam among the general public. When studying the period of the history of the Mamluks in Egypt, many aspects of the history of Mavaraunnahr of that time are also revealed. Studying the primary sources containing information on this topic makes it possible to objectively evaluate the political, social and economic processes of this period. Methods. The article uses generally accepted historical methods based on the principles of historicity, structurality and objectivity. Conclusions: Also, it must be pointed out that objective coverage of the history of this period, in addition to the historical works of the above authors of the 13th-15th centuries, is facilitated by the study of various scientifc treatises, commentaries, shortened versions of works (almukhtasar), dictionaries, prose and poetic works.

scholarly journals The Political Economy of Crisis Recovery

2020 ◽  
Author(s):  
Mohammad Ferdosi
Keyword(s):  
Political Economy ◽  
Economic Performance ◽  
Global Financial Crisis ◽  
Production Systems ◽  
Stress Test ◽  
Welfare States ◽  
Economic Effects ◽  
The Political ◽  
Crisis Recovery ◽  
The Global Financial Crisis

The aftermath of the global financial crisis marked another stress test for welfare states and varieties of capitalism. More than ever before, governments were forced to consider substantial reforms to welfare provision and enact flexibility-enhancing measures in order to improve financial solvency and economic performance. The crash, however, was not only a regionally uneven process in its origins but also led to makeshift or uneven policy responses. As a result, the socio-economic effects of the downturn and political reactions to it varied considerably among countries. Nevertheless, there have been some common trends in outcome measures. These have served to blur the dividing lines between different welfare states and production systems, so vividly captured in the mainstream political economy literature.

Hans Maier

2021 ◽  
Keyword(s):  
Intellectual History ◽  
Political Theology ◽  
Public Intellectual ◽  
The Political ◽  
German History ◽  
Political Scientist ◽  
Highly Sensitive ◽  
History Of ◽  
The Rich ◽  
Academic Teacher

The political scientist and former Bavarian Minister of Culture Hans Maier has created a historically profound, theologically educated, literarily and musically highly sensitive, politically mature body of work, with which he has inscribed himself in the (intellectual) history of the Federal Republic. This book is the first to contain contributions by renowned scholars and politicians on the rich work and impact of the Catholic scholar and politician Hans Maier. It thematises and appreciates in detail his view of German history and the traditions of political thought, his critique of political language, political theology, totalitarianism and political religions, but also his contributions on Catholicism and modernity, his writings on literature and music, and finally his influence as an academic teacher, public intellectual and politician.

Corporate Governance: What Are the Issues?

2020 ◽  
pp. 10-42
Author(s):  
Helmut K. Anheier ◽  
Christoph M. Abels
Keyword(s):  
Corporate Governance ◽  
Global Financial Crisis ◽  
Shareholder Primacy ◽  
Board Diversity ◽  
Corporate Governance Mechanisms ◽  
Corporate Governance Codes ◽  
History Of ◽  
Increasing Demand ◽  
The Global Financial Crisis ◽  
Corporate Social

Traditionally, corporate governance is about agency problems caused by the division of ownership and control. This chapter moves beyond this understanding. Starting with a theoretical overview, the chapter reviews different approaches to corporate governance and discusses shareholder primacy in light of the increasing demand for corporate social responsibility. Afterwards, a brief history of the development of corporate governance codes is given, followed by the role of corporate governance during the global financial crisis. Different corporate governance mechanisms, such as independent directors, board composition, and member diversity, as well as executive remuneration are subsequently discussed. Problems specific to corporate governance of technology companies are also highlighted, as well as the lessons Germany’s co-determination law can teach for the understanding of board diversity. The chapter concludes with a brief reflection on shareholder primacy, a diversifying corporate world, and the future of corporate governance codes.

Crisis, What Crisis?

2020 ◽  
pp. 1-16
Author(s):  
Geoffrey Meen ◽  
Christine Whitehead
Keyword(s):  
Housing Policy ◽  
Global Financial Crisis ◽  
The Political ◽  
Fiscal Policies ◽  
Policy Debates ◽  
Key Policy ◽  
The Global Financial Crisis ◽  
The Uk ◽  
Analytical Approaches ◽  
Housing Outcomes

The opening chapter provides an overview of the topics covered in the book, set in the context of the key policy debates that have taken place in recent years, not just in the UK but across countries facing similar issues. The chapter introduces the analytical approaches to be used. The methods are primarily those of economists – including modern as well as traditional techniques - but recognise the insights of other disciplines and the political constraints under which housing operates. The chapter stresses that housing cannot be divorced from the macroeconomy and monetary and fiscal policies are often more important to housing outcomes than policies directly aimed at housing. But housing also influences the economy which, particularly since the Global Financial Crisis, has added further constraints on housing policy.

The Non-identical World

2020 ◽  
pp. 139-162
Author(s):  
Sean Cubitt
Keyword(s):  
Global Financial Crisis ◽  
Source Code ◽  
Central Character ◽  
Natural Processes ◽  
Downtown Area ◽  
The World ◽  
History Of ◽  
The Global Financial Crisis ◽  
Critical Process ◽  
Brain In A Vat

There exists a powerful fantasy that the world is not only describable in numbers but is composed of code, in which case the world-as-code can be rewritten. This theme has already emerged in the analyses of Oblivion and Déjà Vu, and is shared by a group of what are here named as ‘irreality’ films made during the global financial crisis. Source Code (Duncan Jones, 2011) dwells on the fate of a protagonist who is the archetypal brain in a vat, another posthumous central character. The analysis draws out the historical formation of subjectivity and the history of the instincts that tie human personality to natural processes, discusses the utopian potential of the performative principles of software, reveals how, in a critical process shot, this utopianism is directed simultaneously towards the construction of community and of the romantic couple, and how these relate to the invisibility, in the repeated shots of the Chicago skyline, of the futures market housed in its downtown area.

scholarly journals Luck, Policy or Something Else Entirely? Vietnam's Economic Performance in 2009 and Prospects for 2010

2009 ◽  
Vol 28 (4) ◽  
pp. 71-94 ◽  
Author(s):  
Adam J. Fforde
Keyword(s):  
Economic Performance ◽  
Global Financial Crisis ◽  
Policy Implications ◽  
The Political ◽  
Middle Income ◽  
State Sector ◽  
Political Concern ◽  
Income Status ◽  
And Performance ◽  
The Global Financial Crisis

Vietnam's economic performance in 2009 is seen by the Vietnamese government and representatives of the Western donor communities as good, with the effects of the global financial crisis relatively mild. The paper notes a lack of contestation of these mainstream views and locates them within an assessment of major trends in 2009, and medium-term issues. Particular focus is placed upon the policy implications of rural development and the need for a strong rationalisation of the state sector. Remarks upon the political economy of change then permit comments upon interactions between economic performance and gathering social and political concern with the political challenges of transition to so-called ‘middle income’ status, which in many countries has posed novel and tricky problems of adjustment, often requiring major social and political adjustments that have not always been successful. The paper concludes by suggesting that, as in the past, Vietnam's style of change finds some things easy and others hard, and that this has its reflection in economic policy and performance.

Antecedents to the crisis: Mandeville, Smith, and Keynes

2019 ◽  
Vol 46 (8) ◽  
pp. 1018-1030
Author(s):  
Jonathan B. Wight
Keyword(s):  
Human Nature ◽  
Social Action ◽  
Global Financial Crisis ◽  
Economic Thought ◽  
Invisible Hand ◽  
History Of Economic Thought ◽  
Content Type ◽  
Government Interventions ◽  
History Of ◽  
The Global Financial Crisis

Purpose The purpose of this paper is to present the methods of teaching about the global financial crisis (GFC) from a social economic perspective. Using primary texts from the history of economic thought, the moral underpinnings for collective social action are examined in times of economic depression. The deregulation of financial markets raises two questions: to what extent is deregulation the result of a misunderstanding about human nature and the behavioral lessons of social economics; and to what extend does deregulation ignore the moral lessons of Adam Smith’s invisible hand? Design/methodology/approach By reading sources including Mandeville, Smith, Keynes, Hayek and others, students form conclusions about the strengths and weaknesses of government interventions, both to fix, and to prevent, major recessions and depressions. Findings Two fallacies relating to financial market deregulation are that “greed is good” and that rational actors in the market will self-regulate leading to widespread prosperity. These moral beliefs supported financial liberalization, and ultimately contributed to financial institutions taking on enormous risks and losses that are ultimately socialized. Originality/value This paper innovatively uses readings from the history of economic thought to spark pedagogical discussions and debates about human nature and policymaking relevant to the GFC.

Luxified Troglodytism? Mapping the subterranean geographies of plutocratic London

2019 ◽  
Vol 23 (3) ◽  
pp. 267-282
Author(s):  
Sophie Baldwin ◽  
Elizabeth Holroyd ◽  
Roger Burrows
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Financial Capital ◽  
Global Capital ◽  
History Of ◽  
The Global Financial Crisis

The history of London has long been entwined with expansions of financial capital and the machinations of global plutocrats and their more proximate counterparts.1 However, what has happened in the decade since the global financial crisis is without precedent. London has been transformed into a city for global capital rather than one designed to meet the needs and aspirations of the majority of its denizens.2

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