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Thoughts on Marxism and the State, Part 2
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Does the Contemporary Asset Economy Require a New Model of Progressive Politics?

by David Primrose on April 5, 2019

Does the Contemporary Asset Economy Require a New Model of Progressive Politics?

David Primrose | April 5, 2019

Tags: Global Financial Crisis
Global Financial Crisis
| 0 378

A Debate Between Jim Stanford and Michel Feher

The deleterious social consequence of the contemporary asset economy are well-documented. Households are shouldering levels of mortgage debt that appear increasingly unsustainable both to themselves and the wider economy. Alternatively, a growing number of people are locked out of the property market altogether and relegated to a rental sector which has been entirely designed to sustain the asset-holdings of the home-owner. The growth of asset-based inequality has an important generational dimension, as young people are living at home much longer than in the recent past and increasingly dependent on parental assistance or inheritance in order to be able to get onto the ‘property ladder.’ Homelessness, forced immobility and intergenerational households are the flipside of house price appreciation: the stunted futures that accompany the speculative futures of asset price inflation.

While these problems have received a great deal of attention, a clear perspective on what can be done to address them has not received as much attention. Indeed, public debate currently appears to be characterised by a sense of helplessness: many commentators agree that these are potentially harmful developments, but it often seems as if the problem just does not lend itself to productive interventions. There is a general tendency to attribute the problem to misguided policy models, but it is rarely clear what changes can be made that would be viable both politically and economically.

In order to tackle such questions, in this Policy Lab event Jim Stanford will engage in a debate with Michel Feher on the strategic-political implications of the contemporary asset economy. Specifically, they will discuss the relative merits of a union-based model of politics compared to a proposed reorientation of a politics around access to credit.

Entry to this event is free, and all are welcome to attend and participate in the Q&A session following the debate.

Date/Time: 16 April, 3-5pm

Location: Seminar Rm. 203, R.D. Watt Building, University of Sydney

For any further information about this event, please contact David Primrose: david.primrose@sydney.edu.au

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Author: David Primrose

David Primrose is a PhD candidate in the Department of Political Economy at the University of Sydney and guest-editor of the special issue of JAPE. His doctoral research presents an ideology critique of behavioural economics and its post-political implications for neoliberalism. He is also currently co-editing the Handbook of Alternative Theories of Political Economy (forthcoming from Edward Elgar) and Routledge Handbook of the Political Economy of Health and Healthcare. He acknowledges the financial support provided by the University of Sydney through the Research Training Program Stipend Scholarship and Merit Award Scholarship.

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  • Home
  • About
  • Manchester University Press Book Series
  • Past & Present Reading Group
  • A Political Economy of Australian Capitalism
  • Journal of Australian Political Economy (JAPE)
    • Journal of Australian Political Economy (JAPE)
    • JAPE Issues
    • JAPE Submission Guidelines
    • JAPE Young Scholar Award
  • Australian IPE Network (AIPEN)
  • Forums
    • Forums
    • Debating Anatomies of Revolution
    • Debating Debtfare States
    • Debating Economic Ideas in Political Time
    • Debating Making Global Society
    • Debating Mass Strikes and Social Movements in Brazil and India
    • Debating Social Movements in Latin America
    • Debating The Making of Modern Finance
    • Debating War and Social Change in Modern Europe
    • Feminist Global “Secureconomy”
    • Gendered Circuits of Labour and Violence in Global Crises
    • Scandalous Economics
    • The Military Roots of Neoliberal Governance
    • Politicising artistic pedagogies
  • Literary Geographies of Political Economy
  • PPExchanges
  • Pedagogy
    • IPEEL Of The Environmental Crisis
    • Five Minute Honours Theses
    • Piketty Forum
    • Radical Economics Pedagogy
    • Unconventional Wisdom
    • Journal Club
    • Marxism Reading Group
  • Wheelwright Lecture
  • Events
  • Contributors
  • Links
    • Political Economy At Sydney
    • PHD in Political Economy
    • Master of Political Economy
    • Centre for Future Work
    • Centre for the Study of Social and Global Justice (CSSGJ)
    • Climate Justice Research Centre (UTS)
 

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