scholarly journals Reconstructing an Ethics of Credit in an Age of Neoliberalism

Religions ◽  
2019 ◽  
Vol 10 (8) ◽  
pp. 484
Author(s):  
Ilsup Ahn
Keyword(s):  
Social Capital ◽  
New York ◽  
New York City ◽  
York City ◽  
Global Scale ◽  
Financial Capital ◽  
Ordinary People ◽  
Wall Street ◽  
Christian Communities ◽  
Economic Process

One of the most formidable socio-economic challenges which Christian communities are facing today is the growing dominance of neoliberalism. From wheat fields in Brazil to Wall Street in New York City, neoliberalism is marching on everywhere with its massive credit (or credit money). The purpose of this paper is to address a key structural injustice of neoliberalism—the deepening colonization of “social capital” by “financial capital.” Since the 1980s, a new economic process known as “financialization” has structurally changed the global economic system entailing an extreme income and wealth gap between the haves and the have nots. It has also rendered a countless number of ordinary people vulnerable to various types of debt entrapment while destroying the environment on a global scale. Behind all these forms of social and natural disintegration lies a crucial neoliberal apparatus fueled by credit. This paper engages in such problems by attempting to reconnect the lost link between social capital and financial capital. In doing so, it first analyzes the genealogical origin of the separation between financial capital and social capital. The author then comes up with ethical principles to re-anchor financial capital in social capital through a critical and interdisciplinary exploration.

scholarly journals The Organizational Trace of an Insurgent Moment

2017 ◽  
Vol 3 ◽  
pp. 237802311770065 ◽  
Author(s):  
Adam D. Reich
Keyword(s):  
New York ◽  
New York City ◽  
Social Movement ◽  
York City ◽  
Social Movement Organizations ◽  
Occupy Wall Street ◽  
Wall Street ◽  
Formal Organizations ◽  
Movement Organizations ◽  
The Relationship

The relationship between social movements and formal organizations has long been a concern to scholars of collective action. Many have argued that social movement organizations (SMOs) provide resources that facilitate movement emergence, while others have highlighted the ways in which SMOs institutionalize or coopt movement goals. Through an examination of the relationship between Occupy Wall Street and the field of SMOs in New York City, this article illustrates a third possibility: that a moment of insurgency becomes a more enduring movement in part through the changes it induces in the relations among the SMOs in its orbit.

The Influence of Depression Upon American Opinion, 1857–1859

1942 ◽  
Vol 2 (1) ◽  
pp. 1-23 ◽  
Author(s):  
Samuel Rezneck
Keyword(s):  
New York ◽  
New York City ◽  
Life Insurance ◽  
York City ◽  
American Business ◽  
Sharp Decline ◽  
Wall Street ◽  
Financial Difficulties ◽  
Trust Company

On August 26, 1857, just two days after the New York branchthe Ohio Life Insurance and Trust Company suspended payment, of, the New York Herald predicted that the financial difficulties then beginning were certain to acquire the proportions of a great crisis. It boasted, moreover, that it had foreseen and warned of this impending calamity for the preceding twelve months, but its warnings had been spurned. The Herald's vaunted prescience perhaps stemmed chiefly from the long-standing prejudice of its publisher, James Gordon Bennett, against the operations of speculators in Wall Street. As early as 1854, when the speculative boom in railroad stocks was halted by a sharp decline of prices, the Herald had predicted the imminent approach of a crisis, one that would mark the end of the current “Fitful Spasmodic System” of American business. During the winter of 1854–1855 business stagnated, unemployment increased greatly, and there was considerable distress and popular unrest, especially in New York City. Here was an advance view, as it were, of the pattern of depression which was to develop in 1857.

New Wind

2018 ◽  
Author(s):  
Andrew Cornell
Keyword(s):  
New York ◽  
New York City ◽  
World War Ii ◽  
York City ◽  
College Graduates ◽  
Occupy Wall Street ◽  
World War ◽  
Wall Street ◽  
Little Magazines ◽  
New Generation

Something of a revolution in anarchist thought occurred during the 1940s and early 1950s, much of it centered in New York City. World War II divided the small contingent of U.S. anarchists active during the Depression years, as many movement veterans reluctantly endorsed the Allies as the only viable means of defeating fascism. However, a new generation of activists -- many of them recent college graduates -- established journals and organizations that rejected participation in the war, often on pacifist grounds, and that began to reevaluate central tenets of anarchist theory. This chapter explores the milieu that developed in New York City, Woodstock, NY, and rural New Jersey at mid-century, focusing on three "little magazines" that supported and influenced one another: Politics, Why?, and Retort. Although anarchism was at a numerical nadir during these years, a tight-knit community of artists, theorists, and radical pacifists developed ideas, tactics, and aesthetics that reshaped anarchism so fundamentally that they remain prominent today in the Occupy Wall Street demonstrations.

Rebellious Collective Action Revisited

1987 ◽  
Vol 81 (2) ◽  
pp. 557-564 ◽  
Author(s):  
George Klosko ◽  
Edward N. Muller ◽  
Karl Dieter Opp
Keyword(s):  
New York ◽  
New York City ◽  
Collective Action ◽  
Public Goods ◽  
Rational Choice ◽  
Empirical Data ◽  
York City ◽  
Ordinary People ◽  
The Public

Why does it happen that ordinary people can come to participate in rebellious collective action? In the June 1986 issue of this Review, Edward N. Muller and Karl-Dieter Opp argued a public-goods model to account for why rational citizens may become rebels. They offered empirical data drawn from samples in New York City and Hamburg, Germany in support of the public-goods model. George Kolsko takes issue with the rationale of Muller and Opp, arguing that their public-goods model is not a rational-choice explanation of rebellious collective action. In response, Muller and Opp clarify their theory and further elaborate its assumptions.

The HIV Patient in New York City: Wall Street to Harlem

1996 ◽  
Vol 4 (3) ◽  
pp. 122-124
Author(s):  
Gregory M De Moore
Keyword(s):  
New York ◽  
New York City ◽  
York City ◽  
Wall Street ◽  
City Wall
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