Alt-Finance: How the City of London Bought Democracy


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Description

Powerful financial forces have supported the neoliberal project since the 1980s to advance their interests, but there are now signs that these forces have a new face and a new strategy.

The majority of the British finance sector threw its support behind Britain leaving the European Union, a flagship institution of neoliberalism. Beyond this counterintuitive move, what was really happening and why? Alt-Finance examines a new authoritarian turn in financialised democracies, focusing on the City of London, revealing a dangerous alternative political project in the making.

In a clash with traditional finance, the new behemoths of financial capital - hedge funds, private equity firms, and real estate funds - have started to cohere around a set of political beliefs, promoting libertarian, authoritarian, climate-denying, and Eurosceptic views. Protecting investments, suppressing social dissent, and reducing state interference is at the core of their mission for a new world order.

By following the money, the authors provide indisputable evidence of these worrying developments. Through a clear analysis of the international dealings of this new authoritarian-libertarian regime, not just in Britain but in the US and Brazil, we can understand how our world is being shaped against our will by struggles between dominant groups.

Author: Marlène Benquet, Théo Bourgeron
Publisher: Pluto Press (UK)
Published: 10/20/2022
Pages: 176
Binding Type: Hardcover
Weight: 0.70lbs
Size: 8.00h x 5.00w x 0.56d
ISBN13: 9780745347585
ISBN10: 0745347584
BISAC Categories:
- Business & Economics | Economic History
- Business & Economics | Free Enterprise & Capitalism
- Business & Economics | Economics | General

About the Author

Marlène Benquet is a CNRS research fellow at the University of Paris Dauphine. She is the co-editor of Accumulating Capital Today: Contemporary Strategies of Profit and Dispossessive Policies.

Théo Bourgeron is a Leverhulme Early Career Fellow at the University of Edinburgh. He has published in international journals such as Economy & Society and Organization, and is the co-editor of Accumulating Capital Today: Contemporary Strategies of Profit and Dispossessive Policies.

Meg Morley is a Paris-based translator. After several years documenting renewable energy and environmental issues for governmental agencies, her work has expanded to include economic policy, political science and sociology.

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