Metodo

International Studies in Phenomenology and Philosophy

Book | Chapter

227554

The other side of the coin

reading the politics of the 2008 financial tsunami

P. W. Preston

pp. 106-122

Abstract

In the spring of 2009, long months after the September 2008 financial tsunami had begun its destructive journey around the financial machineries of the global system, the governing party of the United Kingdom, one of two countries whose financial centres had precipitated all the trouble, was still in place, notwithstanding the almost audible sound of a population tapping its collective foot as it awaited an electoral opportunity to wreak a measure of revenge. But the electorate were condemned to wait upon the convenience of the government and administrative machineries which were responsible for the debacle. This seems unreasonable. One might ask how is this possible and what — speculatively — could happen to improve matters; that is, one can ask how the elite's insulating machineries might be reduced in order to bring them more routinely within the reach of the judgements of the electorate.

Publication details

Published in:

Preston P. W. (2012) England after the great recession: tracking the political and cultural consequences of the crisis. Basingstoke, Palgrave Macmillan.

Pages: 106-122

DOI: 10.1057/9780230355675_6

Full citation:

Preston P. W. (2012) The other side of the coin: reading the politics of the 2008 financial tsunami, In: England after the great recession, Basingstoke, Palgrave Macmillan, 106–122.