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Debt and democracies. The order of debt, the Greek and Lebanese examples. On the ‘Defence of wealth’, part 2
[Dette et démocraties. L'ordre de la dette, les exemples grecs et libanais : sur la "Défense de la richesse", part 2]

Author

Listed:
  • Frédéric Farah

    (PHARE - Philosophie, Histoire et Analyse des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne)

  • Jérôme Maucourant

    (TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

Abstract

The debt issue returned to centrality after the 2008 crisis and even more so under the impact of the COVID 19 pandemic, with governments making considerable spendings. An attempt of synthesis between the institutionalist approach and Jeffrey Winters' framework of analysis on the defence of wealth is at the heart of this contribution which tries to show how institutions create a more favourable environment for creditors, much more effectively than through violence. From this would be born a paradox, that of seeing the spreading, in democratic societies, of unprecedented disparities in wealth.

Suggested Citation

  • Frédéric Farah & Jérôme Maucourant, 2022. "Debt and democracies. The order of debt, the Greek and Lebanese examples. On the ‘Defence of wealth’, part 2 [Dette et démocraties. L'ordre de la dette, les exemples grecs et libanais : sur la &quo," Post-Print halshs-03686538, HAL.
    • Handle: RePEc:hal:journl:halshs-03686538
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03686538v1
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    File URL: https://shs.hal.science/halshs-03686538v1/document
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    References listed on IDEAS

    as
    1. Le, Tam-Tri, 2021. "Multiple layers of crises in Lebanon," OSF Preprints mfjc7, Center for Open Science.
    2. Dal, Eléonore & Díaz-González, Ana María & Morales Opazo, Cristian & Vigani, Mauro, 2021. "Agricultural sector review in Lebanon," FAO Agricultural Development Economics Technical Study 319832, Food and Agriculture Organization of the United Nations, Agricultural Development Economics Division (ESA).
    3. Jérôme Maucourant, 2013. "Un retour des "capitalismes politiques"," Post-Print halshs-00843452, HAL.
    Full references (including those not matched with items on IDEAS)

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