24. From Inside Job. Representational Pictures

Ferguson, Charles; Bolt, Adam; Beck, Chad; Starkman, Dean; Hamilton, Martha; Chittum, Ryan; Salmon, Felix

doi:10.7312/star16073-025

Cited by 5 publications

(8 citation statements)

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“…Finance drove the bubbles and crashes of 2007–8 but also the loose monetary policy and fiscal austerity that has followed. Financiers are responsible for more than half the Conservative Party’s income and have spent billions lobbying Washington (Ferguson, 2012).…”

Section: Part Two: Financialization and The Reset Of Elite Researchmentioning

confidence: 99%

Introduction: Elites and Power after Financialization

Davis

Williams

2017

Theory, Culture & Society

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This article introduces the special issue on ‘Elites and Power after Financialization’. It is presented in three parts. The first sets out the original Weberian problematic that directed the work of Michels and Mills, in the 1910s and 1950s respectively. It then discusses how this framework was appropriated and then cast aside as our understanding of capitalism changed. The second section makes the case for a reset of elite studies around the current capitalist conjuncture of financialization. It is explained how this unifying theme allows for a diverse set of approaches for answering old and new questions about elites and power. The third part identifies four key themes or sites of investigation that emerge within the nine papers offered here. These are: new state-capital relations, innovative forms of value extraction, new elite insecurities and resources in liquid times and the role of elite intermediaries and experts.

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Section: Part Two: Financialization and The Reset Of Elite Researchmentioning

confidence: 99%

Introduction: Elites and Power after Financialization

Davis

Williams

2017

Theory, Culture & Society

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“…We now have many valuable accounts of what happened in the GFC and how it happened (Tett 2009;Sachs 2012;Stiglitz 2010Stiglitz , 2012Ferguson 2012). The GFC was no accident but rather the consequence, in large part, of the concerted de-regulation of the US financial sector over a 25 year period and the expanding role and influence of that sector in the US and global economy.…”

Section: The Crimes Of the Gfcmentioning

confidence: 99%

“…Charles Ferguson, amongst others, has detailed at length the evidence of pervasive fraud and other crime within the US financial sector (Ferguson 2012;Geis 2011: ch 12;Koller 2012). Criminal activity was not confined to a few rogue operators but involved all the leading US investment banks, other financial institutions and many major foreign banks.…”

Section: The Crimes Of the Gfcmentioning

confidence: 99%

Populism, Law and Order and the Crimes of the 1%

Hogg

2013

Int J for Crime, Justice & Social Democracy

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The article examines the evidence of endemic financial crime in the global financial crisis (GFC), the legal impunity surrounding these crimes and the popular revolt against these abuses in the financial, political and legal systems. This is set against a consideration of the development since the 1970s of a conservative politics championing de-regulation, unfettered markets, welfare cuts and harsh law and order policies. On the one hand, this led to massively increased inequality and concentrations of wealth and political power in the hands of the super-rich, effectively placing them above the law, as the GFC revealed. On the other, a greatly enlarged, more punitive criminal justice system was directed at poor and minority communities. Explanations in terms of the rise of penal populism are helpful in explaining these developments, but it is argued they adopt a limited and reductionist view of populism, failing to see the prospects for a progressive populist politics to re-direct political attention to issues of inequality and corporate and white collar criminality.

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“…We might add in this respect, that Islamic banks, when properly regulated, should be prohibited from financing risk-trade transactions, e. g., speculation in the stock market or trading in derivatives 32 . This would be an additional measure to prevent money created by Islamic banks to lead to inflation and/or instability.…”

Section: The Effects Of Money Creation By Islamic Banks On Pricesmentioning

confidence: 99%

An Economic Theory of Islamic Finance Regulation

Al-Jarhi¹

2016

IES

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24. From Inside Job. Representational Pictures

Cited by 5 publications

References 0 publications

Introduction: Elites and Power after Financialization

Introduction: Elites and Power after Financialization

Populism, Law and Order and the Crimes of the 1%

An Economic Theory of Islamic Finance Regulation

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