Chapter

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: http://dx.doi.org/10.1093/acprof:oso/9780199641987.003.0004

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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

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