scholarly journals ‘It’s not cricket’: Financial time and postcolonial temporalities in Joseph O’Neill’s ‘Netherland’

2018 ◽  
Vol 4 (1) ◽  
pp. 92-107 ◽  
Author(s):  
Dennis Mischke

Based on a reading of Joseph O’Neill’s 2008 novel Netherland, this article discusses the relationship between cricket and finance capitalism from the perspective of time and temporality. Despite its function as a global commodity, cricket inserts a flow of postcolonial time into the temporal streams of transnational market culture, neoliberalism, and the increasing financialization of the world. Set in the aftermath of 9/11 and before the financial crisis of 2008, Netherland juxtaposes the deviant temporal power of cricket with the time structures of finance capitalism to illustrate how the conduct of Wall Street before the crisis can be understood as a colonial appropriation. In O’Neill’s novel, this conflict is embodied in the precarious friendship of a cosmopolitan Dutch financial analyst and a Trinidadian version of Jay Gatsby.

2013 ◽  
Vol 8 (2) ◽  
Author(s):  
Ágúst Þór Árnason

In June 2010, nearly two years after the world-wide financial crisis of 2008 hit Iceland, the Icelandic Parliament passed an act on a Constitutional Assembly. Even if no one has succeeded to show any direct connections between the financial crisis and the provisions and the function of the constitution of 1944, loud voices did claim that Icelanders were fortunately faced with a “constitutional moment” and, subsequently, an opportunity to change the nation’s political as well as economic life; something people were ethically obligated to make use of. With no better justified or defined reasons for such an all-inclusive revision, however, it is a worth-while undertaking to take a closer look at the notion of a constitutional moment, and see if that can help us to understand why the Republic of Iceland should abolish its founding constitution without a preceding thorough analysis of its functional failures.


Author(s):  
Klaus Dodds

‘Geopolitical architectures’ suggests that our understandings of a world composed of an international system based on territorial states, exclusive jurisdictions, and national boundaries is enduring but not all encompassing. What is the relationship between fixity and flow? How do architectures seek to impose fixity on flows? Neo-liberal globalization, with due emphasis on market accessibility and privatization, encourages two kinds of geopolitical architectures – one predicated on spatial containment (as epitomized by the war on terror) and the other underpinned by spatial administration. The financial crisis of 2008 onwards has revealed some of this geopolitical work, and the ‘Occupy Movement’ was in large part about trying to fix flows.


2019 ◽  
pp. 63-68
Author(s):  
The Editors

buy this issue If there is one thing that is clear about the economic situation in the mature capitalist economies, as we write these notes in mid–August 2019, it is that the financial world is increasingly running scared and looking for safe havens, worrying about the storm clouds ahead. There is now little doubt that the world economy is on the verge of a recession after a long sluggish recovery from the Great Financial Crisis of 2007–09. In itself this should not give occasion to surprise. In this instance, however, there lurks a bigger fear, the possibility of a financial Armageddon on the level of the Great Financial Crisis of 2008—or worse.


2017 ◽  
Vol 25 (4) ◽  
pp. 340-360 ◽  
Author(s):  
Qingwen Xu ◽  
Jamie P. Halsall

The global financial crisis of 2008 has caused much dialogue within the social policy framework on how to maintain a sustainable elderly health-care system. This coupled with a migrant crisis have created extra social and economic pressures in Europe in particularly. As it has been well documented by social scientists, people are living longer than ever before. There are two fundamental factors that are helping people live to an old age, which are as follows: (a) a better quality of life and (b) improved health-care system at state level. However, since the global financial crisis of 2008 populations across the world are living in an age of austerity. The age of austerity has brought extra financial pressures on the state, polarizing society by implementing cuts in welfare. The reason many governments across the world (e.g., United States, United Kingdom, and Greece) have enforced a series of austerity measures is fundamentally to reduce debt. The aim of this article is to critically explore the austerity social policy agenda within the context of the debates surrounding the refugee or migrant crisis in the elderly health-care system.


Author(s):  
Gabriel Moss QC ◽  
Bob Wessels ◽  
Matthias Haentjens

Banking and insurance play central roles in UK industry. The UK banking industry is the largest in the world in terms of GDP. The UK insurance industry is the largest in Europe and the third largest in the world. Therefore, particularly in light of the financial crisis of 2008, it is extremely important to have a clear formula for the winding up of credit institutions, but also steps have been taken to bolster the resilience of the financial system and help avoid future crises by the implementation of a further regulation.


Author(s):  
Deborah W. Gregory

The term “financial psychopath” was coined after the financial crisis of 2007−2008. Intended as a term of derision, the media used it to negatively label financial professionals, rather than to draw a clinical profile. The expression succinctly conveys the widespread post−2008 public anger and resentment toward those in the finance profession, particularly on Wall Street, who were responsible for damaging the world economy and destroying the personal wealth of many people. In the decades before the financial crisis, multiple factors had come together to change the operating structure of the financial landscape. This new environment was conducive to investment professionals’ engaging in transactions bearing the hallmarks of psychopathic behavior. What defines a financial psychopath? Is the answer in the individual’s personality traits, the behavioral edicts dictated by the environment within which he or she works, or a combination? This chapter attempts to answer these questions.


2013 ◽  
Vol 2 (2) ◽  
pp. 12-21
Author(s):  
Rukiye Ceyda Üvez ◽  
Asli Aybars

The new literature on the benefits and costs of financial globalization has increased in recent years because of the massive negative effects of the global financial crisis of 2008. While evidence based on microeconomic data shows some benefit of financial integration and the distortionary effects of capital controls, the macroeconomic evidence generally remains inconclusive. Also, some papers argue that financial globalization enhances macroeconomic stability especially in emerging economies, but others argue the opposite. The authors try to argue the effects of financial globalization and global financial crises on macroeconomic stability. This paper probes the effect of the financial crises since 2000 on specific Mediterranean economies including Greece and Turkey, comparatively. The main question to be answered in this paper is how selected macroeconomic variables affected the financial crises in these economies. Another question to be addressed is how macroeconomic variables have been affected by the last global financial crisis of 2008. Moreover, the research is focused on FDI (foreign direct investment) in these selected economies and examines the relationship between the macroeconomic variables and the financial crises. The relationship between relative macroeconomic variables, FDI and financial crises is determined using annual data from 2000 to 2010. The relationships between the indicators are analyzed using AMOS (Analysis of Moment Structures), a structural equation modeling (SEM) software where the model is presented in an intuitive path diagram to show hypothesized relationships among variables easier than just using standard multivariate statistics or multiple regression models alone.


Author(s):  
Christoph Scherrer

In contrast to the widely held belief that a crisis undermines the legitimacy, and thus the hegemony, of a particular group, this article shows how finance capital retained its hegemonic position after the financial crisis of 2008. The reregulation of the sector through the Dodd-Frank Wall Street Reform Act contributed to this success. The Act keeps the regulators and Congress busy without restricting banks’ and investors’ speculative activities in any significant way. Finance capital maintains its central place in a financialized regime of accumulation. Most other fractions of capital support it. Its losses have been restricted to the area of passive support among the American public. But finance capital’s main message – that citizens have the right to keep their money and to invest it according to their preferences – continues to resonate with a sizeable portion of the American electorate.


2021 ◽  
Vol 5 (2) ◽  
pp. 67
Author(s):  
Zhang Tonglei

The financial crisis of 2008 precipitated by credit issues in the US housing market is probably one of the most profound financial events in recorded history. Its shockwaves have significantly affected almost every market centre as well as country in the world. The aim of this report is accordingly to investigate major reasons behind the crisis from a special angle of banking systems. In particular, problems hidden in regulations, mechanisms and systems in the wake of the financial crisis are focused specifically in this report.


Sign in / Sign up

Export Citation Format

Share Document