Neoliberalism and the making of the subprime borrower

Tools

Montgomerie, Johnna. 2010. Neoliberalism and the making of the subprime borrower. In: Martijn Konings, ed. The Great Credit Crash. Verso, pp. 103-118. ISBN 978-1844674312 [Book Section]

No full text available

Abstract or Description

The dominant accounts of the current financial crisisfocussing on the lack of regulation, out-of-control markets and irresponsible speculationhave not offered us much beyond the kind of information that we can glean from newspaper headlines. This book, drawing on some of the most prominent radical analysts of the system, from Walden Bello to Barbara Ehrenreich, digs deeper, foregrounding the key questions that are still waiting to be asked. Viewing the crisis as a product of the social order that was built during the era of neoliberal capitalism, it presents a more complete and convincing account of its origins, development and consequences. The contributors assess current events and political responses, critically examining official rhetoric and hegemonic narratives to point the way to an understanding of the crisis beyond the subprime headlines.

Item Type:

Book Section