“Financialized Capitalism: After the Crisis and Beyond Neoliberalism”

Montgomerie, Johnna and Williams, Karel. 2009. “Financialized Capitalism: After the Crisis and Beyond Neoliberalism”. Competition and Change, 13(2), pp. 99-107. ISSN 1024-5294 [Article]

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This paper serves as an introduction to a special issue which explores many new questions, intellectual and political, posed by the current global financial crisis. The aim is to get beyond the convention asking the well-rehearsed questions about what caused the crisis, or why the established theories could not predict it. For we can safely predict that many critical thinkers in political and cultural economy already know, or think they know, the answer to what caused the crisis. This is because they will construct the origins and causes of the within the problematic which they endorsed before the crisis began. Namely, that neoliberalism demarcates the period since 1970 as one of privatisation, liberalisation and support for free markets which essentially takes ideological propositions at their own word and, consequently, fail to distinguish between rhetoric and practice. This special issue explores some new ways of fundamentally reconsidering or challenging established ideas about neoliberalism and finance. For financialisation researchers, the intellectual struggle against organising concepts of neoliberalism and disembedded finance is unfinished business.

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June 2009Published

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11 Aug 2015 11:24

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30 Jun 2017 12:15

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Yes, this version has been peer-reviewed.



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