Constituting Monetary Conservatives via the 'Savings Habit': New Labour and the British Housing Market Bubble

Constituting Monetary Conservatives via the 'Savings Habit': New Labour and the British Housing Market Bubble
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通过“储蓄习惯”构建货币保守派:新工党和英国房地产市场泡沫

DOI:
10.1057/cep.2008.12
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发表时间:
2008
影响因子:
1.7
通讯作者:
Watson M
Watson M
中科院分区:
法学3区
文献类型:
--
作者:
Watson M

文献摘要

相似文献

持续的全球信贷紧缩很可能会通过推动价格从2007年的峰值系统性地下跌,扼杀英国房地产市场最近的泡沫动力。尽管如此,这一泡沫的经历仍然值得分析关注。工党政府可能没有责任有意识地创造它,但它肯定抓住了泡沫提供的机会,试图在英国经济的核心实施一个代理变革的过程。这方面的关键问题是,政府质疑被动福利收入的合法性,赞成建立一个基于将个人纳入积极资产持有社会的福利制度。房地产市场已经具有了新的政治意义,成为个人首先获得资产,然后在资产所有权的基础上积累财富的手段。随之而来的住房市场与日益重构的福利体系的整合已经渗透到日常生活的政治中。这与个人重塑其政治主体性是一致的,这与他们对保守货币政策的偏好是一致的,保守货币政策通常会使房价泡沫不断膨胀。
The ongoing world credit crunch might well kill off the most recent bubble dynamics in the British housing market by driving prices systematically downwards from their 2007 peak. Nonetheless, the experience of that bubble still warrants analytical attention. The Labour Government might not have been responsible for consciously creating it, but it has certainly grasped the opportunities the bubble has provided in an attempt to enforce a process of agential change at the heart of the British economy. The key issue in this respect is the way in which the Government has challenged the legitimacy of passive welfare receipts in favour of establishing a welfare system based on incorporating the individual into an active asset-holding society. The housing market has taken on new political significance as a means for individuals first to acquire assets and then to accumulate wealth on the back of asset ownership. The ensuing integration of the housing market into an increasingly reconfigured welfare system has permeated into the politics of everyday life. It has been consistent with individuals remaking their political subjectivities in line with preferences for the type of conservative monetary policies that typically keep house price bubbles inflated.