Copied Foucault and Post-Financial Crises
Foucault and Post-Financial Crises
This title explains the causes of the financial crisis and the economic reforms that were created subsequently through a Foucauldian philosophical lens. The author sets out the approaches established by Foucault namely governmentality, biopolitics and disciplinary mechanisms explaining how these influenced the shift of production from a local to a global level, alongside a shift towards financialisation. Glenn applies Foucauldian principles to aid understanding of the self-corrective mechanisms applied to the financial system, and the interpellative processes that led to the emergence of a new mode of subjectification. Concurrently, this title examines the retreat of the state from the financial sphere. This shift, the author posits, did not mean the complete absence of governance; rather governance became more concerned with ensuring that financial behaviour was contained within certain limits.
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