Casino capitalism

The Greening of Global Value Chains: Insights from the Furniture Industry

“…Regarding the latter, Krippner (2011) has convincingly shown that financialization in the US has not just been the product of a purposeful 'Wall Street-Treasury Complex' (Gowan, 1999), but also an unintended consequence of policies devised in reaction to the low growth period of the US economy during the early 1970s. Whereas actor-centred contributions have highlighted the various ways in which financial actors have used their resources and instrumental power to push for liberalization and deregulation (Johnson & Kwak, 2010), others have highlighted the structural power of finance (Gill & Lake, 1989;Strange, 1986Strange, , 1998. What appear to be missing, however, are comprehensive studies of the discursive political foundations of the rise of finance.…”

The 'Postmodern Turn' in the Social Sciences

“…354. See, for example, Strange (1997Strange ( [1986 (1994). See also, for instance, Hirst and Thompson (1995), p. 425: 'the evidence that world financial markets are beyond regulation is by no means certain, for example, extreme volatility in exchange rates is in the interest only of shortterm speculators and periods of turbulence have been followed by more or less successful attempts at stabilization and regulation, as with the efforts of the G7 in the 1980s with the Louvre and Plaza accords or current debates on the need for a new Bretton Woods system of fixed exchange rates within broad bands'.…”

Values and Philosophizing about Music Education

“…Without concern for people's welfare, the apparent triumph of "casino capitalism" around the world is a recipe for social and political unrest, violence, and revolution by the greater masses of those for whom there is no hope in sight. 26 When people are pushed too far by powerful forces outside their control, Karl Marx envisions an eventual revolt by those who desire a just, humane, and civil society in which they and their efforts are valued and in which they can participate meaningfully in their own governance whether in economic, religious, or political life. 27 This resistance and even revolution is a mixed blessing.…”