Disagreeing to Agree: Financial Crisis Management within the 'Logic of No Alternative'

Disagreeing to Agree: Financial Crisis Management within the 'Logic of No Alternative'
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不同意:“别无选择的逻辑”下的金融危机管理

DOI:
10.1111/j.1467-9256.2009.01346.x
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发表时间:
2009
期刊:
影响因子:
1.8
通讯作者:
Macartney H
Macartney H
中科院分区:
法学3区
文献类型:
--
作者:
Macartney H

文献摘要

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文章认为,在对当前金融危机原因的各种分析中,那些敢于考虑其影响和结果的人显然是谨慎的。从根本上说,危机管理者似乎有意将此视为正常运行的市场中的一个小故障。这是一个有争议的主张。尽管如此,这是新自由主义是“唯一选择”这一观念的遗产。然而,它强调在临时解决方案和谈判中需要真正不同的声音。文章认为,从历史唯物主义的角度来看,这场危机是近几十年来长期信贷扩张和金融市场改革的必然结果。考虑到这一点,这表明创造这些条件的经济学家和国家管理者本身既不可能也没有能力扭转它们。
The article argues that amid a cacophony of analyses of the causes of the current financial crisis, those daring to consider its implications and outcomes are decidedly cautious. Fundamentally, crisis managers appear intent on treating this as a minor glitch in an otherwise functioning market. This is a controversial claim. Nonetheless it is the legacy of the perception that neoliberalism is ‘the only alternative’; it emphasises the need, however, for trulyalternativevoices in the ad hoc settlements and negotiations. The article argues that, through the lenses of historical materialism, this crisis is the inevitable result of the prolonged period of credit expansion and financial market reform in recent decades. With this in mind it suggests that the economists and state managers who established these conditions are themselves both unlikely to and incapable of reversing them.