The Bailout State: Why Governments Rescue Banks, Not People
Konings, Martijn
- 出版商: Polity
- 出版日期: 2025-01-07
- 售價: $2,410
- 貴賓價: 9.5 折 $2,290
- 語言: 英文
- 頁數: 208
- 裝訂: Hardcover - also called cloth, retail trade, or trade
- ISBN: 1509564314
- ISBN-13: 9781509564316
尚未上市,無法訂購
相關主題
商品描述
How did we end up in a world where social programs are routinely cut in the name of market discipline and fiscal austerity, yet large banks get bailed out whenever they get into trouble?
In The Bailout State, Martijn Konings exposes the inner workings of this sprawling infrastructure of government guarantees. Backstopping financial markets and securing banks' balance sheets, this contemporary Leviathan manages the inflationary pressures that its generosity produces by tightening the financial screws on the rest of the population.
To a large extent, the bailout state was built by progressives seeking to buttress the institutions of the early postwar period. The resulting tide of capital gains fostered an asset-centered politics that experienced its heyday in the nineties. But ever since the financial crisis of 2007-08, promises of inclusive economic growth have looked increasingly thin. A colossus locked in place, the bailout state disburses its benefits to a rapidly shrinking group of property owners. Against the backdrop of a ferocious post-pandemic turn to anti-inflationary policy, the only remaining way to exit the logic of the bailout, Konings argues, is to challenge the monetary drivers at the heart of capitalist society.
In The Bailout State, Martijn Konings exposes the inner workings of this sprawling infrastructure of government guarantees. Backstopping financial markets and securing banks' balance sheets, this contemporary Leviathan manages the inflationary pressures that its generosity produces by tightening the financial screws on the rest of the population.
To a large extent, the bailout state was built by progressives seeking to buttress the institutions of the early postwar period. The resulting tide of capital gains fostered an asset-centered politics that experienced its heyday in the nineties. But ever since the financial crisis of 2007-08, promises of inclusive economic growth have looked increasingly thin. A colossus locked in place, the bailout state disburses its benefits to a rapidly shrinking group of property owners. Against the backdrop of a ferocious post-pandemic turn to anti-inflationary policy, the only remaining way to exit the logic of the bailout, Konings argues, is to challenge the monetary drivers at the heart of capitalist society.
商品描述(中文翻譯)
我們怎麼會來到這樣一個世界,在這裡社會計畫經常以市場紀律和財政緊縮的名義被削減,而大型銀行卻在遇到困難時總是獲得救助?
在《救助國家》中,Martijn Konings 揭示了這個龐大政府擔保基礎設施的內部運作。這個當代的利維坦透過支持金融市場和保障銀行的資產負債表,管理著其慷慨所產生的通脹壓力,並對其他民眾收緊金融政策。
在很大程度上,救助國家是由進步派所建立,旨在加強戰後早期的機構。隨之而來的資本利得潮流促成了一種以資產為中心的政治,並在九十年代達到巔峰。但自從2007-08年的金融危機以來,包容性經濟增長的承諾看起來越來越薄弱。這個鎖定在原地的巨人,將其利益分配給一個迅速縮小的財產擁有者群體。在疫情後激烈轉向反通脹政策的背景下,Konings 主張,退出救助邏輯的唯一剩餘方式是挑戰資本主義社會核心的貨幣驅動因素。
作者簡介
Martijn Konings is Professor of Political Economy and Social Theory at the University of Sydney.
作者簡介(中文翻譯)
Martijn Konings 是悉尼大學的政治經濟學與社會理論教授。