Governing in the New Hard Times
After the financial crash of 2008 and the recession of 2009 the western capitalist democracies entered a new era of hard times, marked by a very weak recovery, austerity, powerful deflationary pressures, and the persistence of emergency measures such as record low interest rates and quantitative eas...
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| Izdano u: | URI:https://journals.openedition.org/osb, |
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| Glavni autor: | |
| Format: | Article ou chapitre numérique |
| Jezik: | Anglais |
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Observatoire de la société britannique
2018
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| Online pristup: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Sažetak: | After the financial crash of 2008 and the recession of 2009 the western capitalist democracies entered a new era of hard times, marked by a very weak recovery, austerity, powerful deflationary pressures, and the persistence of emergency measures such as record low interest rates and quantitative easing. National-populist parties began to attract increasing support for an anti-globalisation, anti-immigration, and anti-elite platform. The western political order remained resilient, until the vote for BREXIT in the UK and the election of Donald Trump in the US in 2016. In seeking to respond to the cultural and economic grievances that lie at the heart of the national-populist surge, governments are obliged to confront three deep structural problems : secular stagnation, international deadlocks, and political legitimacy. The intractability of these problems has contributed to a sense of drift and failure, and is contributing to the pressure for more radical policies which seek to change fundamentally the shape of the liberal international market order as it has existed for the last seventy years. |
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