IDEAS home Printed from https://ideas.repec.org/a/sae/socres/v14y2009i4p95-99.html
   My bibliography  Save this article

‘The Callous Credit Nexus’: Ideology and Compulsion in the Crisis of Neoliberalism

Author

Listed:
  • Alex Law

Abstract

Many accounts of the rise and decline of neoliberalism forefront its ideological nature and capacity for hegemonic leadership. In contrast, I argue that outside of elite groups neoliberalism did not become hegemonic in Gramsci's sense of a ‘national-popular’ force. Neoliberalism is a convenient term to describe a two-stage process of ‘purifying’ the coercive nature of the capital relation through what Gramsci broadly called ‘a war of movement’ in the 1970s and 1980s and ‘a war of position’ in the 1990s and 2000s. This double-movement compelled credit-worthy individuals to routinely market, sell, purchase and perform for money-wages. New techniques of the self were perfected in the marketised war of position to service the credit-led financialisation of everyday life. Social positionings dependent on financialisation are now subject to a ‘crisis of authority’.

Suggested Citation

  • Alex Law, 2009. "‘The Callous Credit Nexus’: Ideology and Compulsion in the Crisis of Neoliberalism," Sociological Research Online, , vol. 14(4), pages 95-99, September.
    • Handle: RePEc:sae:socres:v:14:y:2009:i:4:p:95-99
    DOI: 10.5153/sro.1958
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5153/sro.1958
    Download Restriction: no
    File URL: https://libkey.io/10.5153/sro.1958?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Eve Chiapello & Luc Boltanski, 2005. "The New Spirit of Capitalism," Post-Print hal-00680089, HAL.
    2. Eve Chiapello & Luc Boltanski, 2005. "The New Spirit of Capitalism," Post-Print hal-00678024, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vigvári, Gábor, 2022. "Transzformáció és a populizmus a visegrádi országokban [Transformation and populism in the V4 countries]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 339-366.
    2. Jesús Manuel Palma-Ruiz & Julen Castillo-Apraiz & Raúl Gómez-Martínez, 2020. "Socially Responsible Investing as a Competitive Strategy for Trading Companies in Times of Upheaval Amid COVID-19: Evidence from Spain," IJFS, MDPI, vol. 8(3), pages 1-13, July.
    3. Benzecry, Claudio E., 2022. "Traduttore, traditore: The expert work of producing global (yet local) market classifications," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 23(2), pages 5-9.
    4. Louis Moreno, 2012. "Looking backward," City, Taylor & Francis Journals, vol. 16(3), pages 345-354, June.
    5. Virginie Xhauflair & Benjamin Huybrechts & François Pichault, 2018. "How Can New Players Establish Themselves in Highly Institutionalized Labour Markets? A Belgian Case Study in the Area of Project†Based Work," British Journal of Industrial Relations, London School of Economics, vol. 56(2), pages 370-394, June.
    6. Stéphane Debenedetti & Isabelle Huault & Véronique Perret, 2015. "Resisting the power of organizations in Modern Times : May we all be Charlot? [Résister au pouvoir des organisations dans les Temps Modernes : Peut-on tous être Charlot ?]," Post-Print hal-01525807, HAL.
    7. Sikka, Prem & Lehman, Glen, 2015. "The supply-side of corruption and limits to preventing corruption within government procurement and constructing ethical subjects," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 28(C), pages 62-70.
    8. Sikka, Prem, 2015. "The corrosive effects of neoliberalism on the UK financial crises and auditing practices: A dead-end for reforms," Accounting forum, Elsevier, vol. 39(1), pages 1-18.
    9. Neman Muradli & Fariz Ahmadov, 2019. "Managing contradiction and sustaining sustainability in inter organizational networks through leadership: a case study," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(3), pages 1255-1269, March.
    10. Philippe Batifoulier & Jean-Paul Domin & Maryse Gadreau, 2011. "Market Empowerment of the Patient: The French Experience," Review of Social Economy, Taylor & Francis Journals, vol. 69(2), pages 143-162.
    11. Milena I. Kremakova, 2014. "Trust, Access and Sensitive Boundaries between ‘Public’ and ‘Private’: A Returning Insider's Experience of Research in Bulgaria," Sociological Research Online, , vol. 19(4), pages 148-161, December.
    12. Luppi, Roberto, 2023. "Die Einsamkeit des Prekariats und die Bedürfnisse des "Wir": Warum es notwendig ist, das Konzept der gemeinsamen Bedürfnisse in die Definition des Prekariats aufzunehmen," Discussion Papers 01/23, Europa-Kolleg Hamburg, Institute for European Integration.
    13. Justin O'Connor, 2015. "Intermediaries and Imaginaries in the Cultural and Creative Industries," Regional Studies, Taylor & Francis Journals, vol. 49(3), pages 374-387, March.
    14. Philippe Batifoulier & Rainer Diaz-Bone, 2022. "Perspectives on the economics and sociology of health. Contributions from the institutionalist approach of economics of convention -an introduction," Working Papers hal-03584852, HAL.
    15. Robin Holt & Yutaka Yamauchi, 2023. "Ethics, Tradition and Temporality in Craft Work: The Case of Japanese Mingei," Journal of Business Ethics, Springer, vol. 188(4), pages 827-843, December.
    16. Münnich, Sascha, 2016. "Note from the editor: Economic sociology and capitalism," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 18(1), pages 2-5.
    17. Antonio ALOISI & Valerio DE STEFANO, 2020. "Regulation and the future of work: The employment relationship as an innovation facilitator," International Labour Review, International Labour Organization, vol. 159(1), pages 47-69, March.
    18. Lutter, Mark, 2014. "Creative success and network embeddedness: Explaining critical recognition of film directors in Hollywood, 1900-2010," MPIfG Discussion Paper 14/11, Max Planck Institute for the Study of Societies.
    19. Meg Holden & Andy Scerri & Azadeh Hadizadeh Esfahani, 2015. "Justifying Redevelopment ‘Failures' Within Urban ‘Success Stories': Dispute, Compromise, and a New Test of Urbanity," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 39(3), pages 451-470, May.
    20. Rob Shields, 2008. "The Urban Question as Cargo Cult: Opportunities for a New Urban Pedagogy," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 32(3), pages 712-718, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:socres:v:14:y:2009:i:4:p:95-99. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.