Austerity Wars: The Crisis of Financialization and the Struggle for Democracy

Austerity politics constitute by no means an innovation. The neo-classical codes from which they draw inspiration have regulated the institutional architecture of the European Union for decades, creating an ideal framework for the rise of financial capitalism. Although often presented as a depolitic...

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Detalles Bibliográficos
Autor: Palomera, Jaime
Tipo de recurso: capítulo de libro
Estado:Versión aceptada para publicación
Fecha de publicación:2018
País:España
Institución:Universidad de Barcelona
Repositorio:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/136712
Acceso en línea:https://hdl.handle.net/2445/136712
Access Level:acceso abierto
Palabra clave:Política d'austeritat
Antropologia social
Austerity policy
Social anthropology
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spelling Austerity Wars: The Crisis of Financialization and the Struggle for DemocracyPalomera, JaimePolítica d'austeritatAntropologia socialAusterity policySocial anthropologyAusterity politics constitute by no means an innovation. The neo-classical codes from which they draw inspiration have regulated the institutional architecture of the European Union for decades, creating an ideal framework for the rise of financial capitalism. Although often presented as a depoliticized set of ‘technical’ norms, they have contributed decisively to shaping the process of continental integration and redefining class relations across regions. In short, austerity has provided the normative scaffolding for the European division of labor under finance capital. However, financialization has recently entered a prolonged crisis, with no avenues for growth looming in the horizon. In the current context, the deepening of austerity politics can only translate into an undisguised process of dispossession (similar to structural adjustment programs implemented in the Global South) and a challenge to the social contract that sustained the political and economic regime of the EU in previous decades. This is nowhere clearer than in the peripheral countries of Southern Europe, where millions of people have risen up over recent years to push history in a different direction.In this chapter, I turn to Spain in order to cast light on the class relations behind austerity politics and the broad democratic movement striving to transform them—from that extraordinary outburst called the 15-M Movement to the birth of the political party Podemos.Berghahn Books2018info:eu-repo/semantics/bookPartinfo:eu-repo/semantics/acceptedVersionapplication/pdfhttps://hdl.handle.net/2445/136712Llibres / Capítols de llibre (Antropologia Social)reponame:Dipòsit Digital de la UBinstname:Universidad de BarcelonaInglésVersió postprint del document publicatCapítol 5 del llibre: Theodoros Rakopoulos (Ed.), The Global Life of Austerity: Comparing Beyond Europe, Berghahn Books, 2018, ISBN: 978-1-78533-870-0.info:eu-repo/grantAgreement/EC/FP7/323743(c) Berghahn Books, 2018info:eu-repo/semantics/openAccessoai:diposit.ub.edu:2445/1367122026-05-27T06:46:51Z
dc.title.none.fl_str_mv Austerity Wars: The Crisis of Financialization and the Struggle for Democracy
title Austerity Wars: The Crisis of Financialization and the Struggle for Democracy
spellingShingle Austerity Wars: The Crisis of Financialization and the Struggle for Democracy
Palomera, Jaime
Política d'austeritat
Antropologia social
Austerity policy
Social anthropology
title_short Austerity Wars: The Crisis of Financialization and the Struggle for Democracy
title_full Austerity Wars: The Crisis of Financialization and the Struggle for Democracy
title_fullStr Austerity Wars: The Crisis of Financialization and the Struggle for Democracy
title_full_unstemmed Austerity Wars: The Crisis of Financialization and the Struggle for Democracy
title_sort Austerity Wars: The Crisis of Financialization and the Struggle for Democracy
dc.creator.none.fl_str_mv Palomera, Jaime
author Palomera, Jaime
author_facet Palomera, Jaime
author_role author
dc.subject.none.fl_str_mv Política d'austeritat
Antropologia social
Austerity policy
Social anthropology
topic Política d'austeritat
Antropologia social
Austerity policy
Social anthropology
description Austerity politics constitute by no means an innovation. The neo-classical codes from which they draw inspiration have regulated the institutional architecture of the European Union for decades, creating an ideal framework for the rise of financial capitalism. Although often presented as a depoliticized set of ‘technical’ norms, they have contributed decisively to shaping the process of continental integration and redefining class relations across regions. In short, austerity has provided the normative scaffolding for the European division of labor under finance capital. However, financialization has recently entered a prolonged crisis, with no avenues for growth looming in the horizon. In the current context, the deepening of austerity politics can only translate into an undisguised process of dispossession (similar to structural adjustment programs implemented in the Global South) and a challenge to the social contract that sustained the political and economic regime of the EU in previous decades. This is nowhere clearer than in the peripheral countries of Southern Europe, where millions of people have risen up over recent years to push history in a different direction.In this chapter, I turn to Spain in order to cast light on the class relations behind austerity politics and the broad democratic movement striving to transform them—from that extraordinary outburst called the 15-M Movement to the birth of the political party Podemos.
publishDate 2018
dc.date.none.fl_str_mv 2018
dc.type.none.fl_str_mv info:eu-repo/semantics/bookPart
info:eu-repo/semantics/acceptedVersion
format bookPart
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/136712
url https://hdl.handle.net/2445/136712
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat
Capítol 5 del llibre: Theodoros Rakopoulos (Ed.), The Global Life of Austerity: Comparing Beyond Europe, Berghahn Books, 2018, ISBN: 978-1-78533-870-0.
info:eu-repo/grantAgreement/EC/FP7/323743
dc.rights.none.fl_str_mv (c) Berghahn Books, 2018
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) Berghahn Books, 2018
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Berghahn Books
publisher.none.fl_str_mv Berghahn Books
dc.source.none.fl_str_mv Llibres / Capítols de llibre (Antropologia Social)
reponame:Dipòsit Digital de la UB
instname:Universidad de Barcelona
instname_str Universidad de Barcelona
reponame_str Dipòsit Digital de la UB
collection Dipòsit Digital de la UB
repository.name.fl_str_mv
repository.mail.fl_str_mv
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