The Global Political Economy research cluster seminar - After Austerity: The Financialisation of the Welfare State - Wednesday 24th February - 3pm
| Dates: | 8 February 2016 |
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| Times: | 15:00 - 18:00 |
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| What is it: | Seminar |
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| Organiser: | School of Social Sciences |
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| Speaker: | Emma Dowling |
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Dear colleagues
The Global Political Economy research cluster invite you to the following seminar, which takes place at 3pm on Wednesday 24th February in 4.212 University Place:
After Austerity: The Financialisation of the Welfare State
Emma Dowling (Middlesex University)
This paper provides an analysis of the emerging social investment market in the UK. The paper analyses the use of social impact bonds in social policy-making in to suggest that private finance is being introduced into welfare programmes, thus paving the way for financial markets to influence welfare policy and provision. The paper discusses the legimitation discourses that hail a new and qualitatively different direction for finance that supposedly addresses the criticisms levelled at finance in the wake of the financial crisis. The paper calls this pronouncement into question on the basis of two concerns. One is the transfer of wealth from the public to the private sector that social impact investing enables, the second is the subjection of welfare provision to the vicissisitudes of global financial markets and discusses the potential consequences this may have. The paper concludes with an assessment of the implications for theorising the state and proposes some defining characteristics of what can be identified as a financialisation of the welfare state.
Greig
Dr Greig Charnock | Senior Lecturer in International Politics | 4.058 Arthur Lewis Building | The University of Manchester | Oxford Road | Manchester M13 9PL | Tel: +44 (0) 161 275 4905 | http://tinyurl.com/cb5svb4 | manchester.academia.edu/GreigCharnock
Recent book: The Limits to Capital in Spain: Crisis and Revolt in the European South (Palgrave, 2014)
Speaker
Emma Dowling
Role: Speaker
Organisation: Middlesex University
Travel and Contact Information
Find event
4.212 University Place:
University Place
Manchester
