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- Title
Some Neglected Aspects of the Global Crisis.
- Authors
Martinelli, Alberto
- Abstract
The paper analyses, in a sociological perspective, several key aspects of the global economic- financial crisis which have either been neglected or not sufficiently analysed in most scientific and media accounts. It focuses on two main aspects: a) the cognitive framework prevailing in the US corporate, governmental and intellectual elites, i.e. the neo-liberal conception of the self-regulating market, which deeply influenced their behaviour; b) the mechanisms of pressure politics and political lobbying in the US Congress that managed to influence key decisions concerning de-regulation policy, in so far as to weaken the existing systems of institutional controls and to prevent new rules for the new financial products.
- Subjects
UNITED States; GLOBAL Financial Crisis, 2008-2009; NEOLIBERALISM; SELF regulation; UNITED States politics &; government, 1989-; DEREGULATION; UNITED States. Congress; PRESSURE groups; ELITE (Social sciences)
- Publication
Swiss Journal of Sociology / Schweizerische Zeitschrift für Soziologie, 2011, Vol 37, Issue 2, p221
- ISSN
0379-3664
- Publication type
Article