Alt-Finance

Alt-Finance

How the City of London Bought Democracy

Marlène Benquet, Théo Bourgeron

$14.95

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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, supressing social dissent and reducing state interference are 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:

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.

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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.

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