TY - JOUR
T1 - Putting into Question the Imaginary of Recovery
T2 - A Dialectical Reading of the Global Financial Crisis and its Aftermath
AU - De Cock, Christian
AU - Vachhani, Sheena
AU - Murray, John
PY - 2013
Y1 - 2013
N2 - In this article, we put into question the discourses that emerged during the global financial crisis (GFC) and that coalesced around a particular socio-economic imaginary of 'recovery' over the period 2009-2012. Our reading of these discourses is very much guided by the notion of the dialectic as developed by Fredric Jameson, and as such this paper can be read as an attempt to put his theoretical ideas to work. Through our dialectical reading, we aim to create a certain estrangement effect that makes the imaginary of recovery seem very odd and unnatural. In order to achieve such an effect, we postulate four theses which are deliberately antagonistic: first, there has been no 'crisis of capitalism'; second, we must change the valence of the GFC from negative to positive; third, the relationship between finance capitalism and 'free markets' is deeply contradictory; and fourth, we must resist the regulation discourse.
AB - In this article, we put into question the discourses that emerged during the global financial crisis (GFC) and that coalesced around a particular socio-economic imaginary of 'recovery' over the period 2009-2012. Our reading of these discourses is very much guided by the notion of the dialectic as developed by Fredric Jameson, and as such this paper can be read as an attempt to put his theoretical ideas to work. Through our dialectical reading, we aim to create a certain estrangement effect that makes the imaginary of recovery seem very odd and unnatural. In order to achieve such an effect, we postulate four theses which are deliberately antagonistic: first, there has been no 'crisis of capitalism'; second, we must change the valence of the GFC from negative to positive; third, the relationship between finance capitalism and 'free markets' is deeply contradictory; and fourth, we must resist the regulation discourse.
KW - Dialectic
KW - Finance capitalism
KW - Global financial crisis
KW - Imaginary
KW - Fredric Jameson
KW - Dialectic
KW - Finance capitalism
KW - Global financial crisis
KW - Imaginary
KW - Fredric Jameson
UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=111032821283018
U2 - 10.1080/14759551.2013.815618
DO - 10.1080/14759551.2013.815618
M3 - Journal article
AN - SCOPUS:84886440715
VL - 19
SP - 396
EP - 412
JO - Culture and Organization
JF - Culture and Organization
SN - 1475-9551
IS - 5
ER -