Research Repository

Putting into Question the Imaginary of Recovery: A Dialectical Reading of the Global Financial Crisis and its Aftermath

De Cock, CJL and Vachhani, S and Murray, J (2013) 'Putting into Question the Imaginary of Recovery: A Dialectical Reading of the Global Financial Crisis and its Aftermath.' Culture and Organization, 19 (5). pp. 396-412. ISSN 1475-9551

[img]
Preview
Text
De-Cock-et-al-paper--GSCO-2012-0002--rev-2-1.pdf - Accepted Version

Download (133kB) | Preview

Abstract

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 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, that there has been no ?crisis of capitalism?; second, that we must change the valence of the GFC from negative to positive; third, that the relationship between finance capitalism and ?free markets? is deeply contradictory; and fourth, that we must resist the regulation discourse.

Item Type: Article
Uncontrolled Keywords: dialectic; finance capitalism; global financial crisis; imaginary; Fredric Jameson
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Centre for Work, Organisation and Society
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 30 Sep 2014 11:18
Last Modified: 15 Jan 2022 01:03
URI: http://repository.essex.ac.uk/id/eprint/10248

Actions (login required)

View Item View Item