The United States: The Strange Survival of (Neo)Liberalism

Graham K. Wilson

in The Consequences of the Global Financial Crisis

Published in print May 2012 | ISBN: 9780199641987
Published online September 2012 | e-ISBN: 9780191741586 | DOI:

More Like This

Show all results sharing these subjects:

  • Political Economy
  • Financial Institutions and Services


Show Summary Details


The consequences of the Global Financial Crisis (GFC) in the United States have differed significantly between the short and longer terms. The initial consequences were to strengthen the center-left (nowadays synonymous with the Democrats) politically and to discredit faith in markets and other neoliberal nostrums. The longer terms consequences have been to strengthen the center-right (the Republicans), to leave little legacy in terms of financial reform, and to open up the possibility of a major shift to the right in public policy more generally. The chapter attempts to explain these apparently contradictory consequences.

Keywords: Global Financial Crisis; American politics; Democrats; Republicans

Chapter.  6860 words. 

Subjects: Political Economy ; Financial Institutions and Services

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.