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Question 1

gramsci

Answer 1

the crisis consists precisely in the fact that the old is dying and the new cannot be born

Question 2

what was the response to the financial crash 2008 regarding the state and how is it paradoxical?

Answer 2

• bringing the state back in?
• its been here all along
• there is no two distinct seperate modes of organisation
• the regulative centr eof the economy is the state and has always been the state

Question 3

economic crisis/financial crisis/ political crisis?

Answer 3

• all crises are political
• a political crisis is a crisis of a distinct mode of social organisation

Question 4

previous capitalist crisis

Answer 4

• 1873-1879 in america, however lasted two decades of stagnation in uk and france - laissez faire capitalism
• 1929 the great deppression and the new deal which lasted til a new economic model was agreed upon post world war two - bretton woods/post war consensus/Keynesian economics
• 1973 til 1975 three day week in UK and winter of discontent til thatcher 79 and reagan 81

Question 5

Duménil and Lévy

Answer 5

“the contemporary crisis marks the beginning of a similar process of transition”

Question 6

Davidson - on crisis

Answer 6

“all crises in previous phases have begun with the crises of the current phase which is continued for several years as the system is reconstructed”

Question 7

Law

Answer 7

“instead of a moment of exception precipitating a turning point, crisis becomes a normalised semi permanent condition”

Question 8

Dienst

Answer 8

there has been no transformative revelation

Question 9

Colin Crouch

Answer 9

the strange non death of neoliberalism

Question 10

Davidson - on neoliberal success

Answer 10

the success of neoliberalism has weakened the capacity of capitalist states to act in the interest of national capital

Question 11

Callinicos

Answer 11

the hegemony of neoliberalism is demonstrated precisely by the fact that its policies survived the electoral defeat of the parties that inagaurated it

Question 12

Skidelsky

Answer 12

ideology destroys sane economics

Question 13

Hayek

Answer 13

There is no seperate economic motive

Question 14

how did margaret thatcher label neoliberalism

Answer 14

• as - “there is no alternative”
• supposedly about freedom and choice though

Question 15

The Guardian on wealth of the rich in the neoliberal era

Answer 15

Economic growth has been markedly slower in the neoliberal era than it was in the preceding decades; but not for the very rich. Inequality in the distribution of both income and wealth, after 60 years of decline, rose rapidly in this era, due to the smashing of trade unions, tax reductions, rising rents, privatisation and deregulation.

Question 16

how has neoliberalism created apathy

Answer 16

• the left and the right accepted neoliberalism as law and so disenfranchised voters cling to the ideals of popular demagogues who promise change will come

Question 17

Jacques - effect of crisis

Answer 17

The effect of the financial crisis was to undermine faith and trust in the competence of the governing elites. It marked the beginnings of a wider political crisis.

Question 18

politicians

Answer 18

• neoliberal politics is not popular, after Ed Milibands resignation, the young people who joined labour voted for JC
• want to break with new labour that accepted neoliberalism
• both sanders and trump favour economic nationalism instead of the free market which has benefitted big corporations globally