Aftermath: The Cultures Of The Economic Crisis

Aftermath-The-Cultures-Of-The-Economic-Crisis Author Gustavo Cardoso, Joao Caraca, and Manuel Castells
Isbn 978-0199677382
File size 1.1 MB
Year 2012
Pages 329
Language English
File format PDF
Category Economics

Book Description:

Castells has done it again, a masterpiece of global perspective and enviable erudition. Moving beyond his trilogy on the information age, Castells focuses on how cultural, economic and particularly political power relationships are constituted and sustained through systematic communication flows. A new line of analysis draws on neuroscience and cognitive psychology to track the role of emotion in political communication. Case studies include global media deregulation, the politics of scandal, framing the war in Iraq, ecological social movements, the Obama presidential candidacy and a fascinating comparison of media control dynamics in Russia and China.

The crisis of global capitalism that has unfolded since 2008 is more than an economic crisis. It is structural and multidimensional. The sequence of events that have taken place in its aftermath show that we are entering a world that is very different from the social and economic conditions that characterized the rise of global, informational capitalism in the preceding three decades. The policies and strategies that were intended to manage the crisis--with mixed results depending on the country--may usher in a distinctly different economic and institutional system, as the New Deal, the construction of the European Welfare State, and the Bretton Woods global financial architecture all gave rise to a new form of capitalism in the aftermath of the 1930s Depression, and World War II.

This volume examines the cultures and institutions at the root of the crisis, as well as the conflicts and debates that may lead to a new social landscape, including the rise of alternative economic cultures in the social movements that have sprung up around the world. This collection of essays presents the results of a shared project of reflection by a group of international sociologists and social scientists, led by Manuel Castells. They conclude that to address life beyond the crisis, we need nothing less than a complete transformation of the mind-set that led to bankruptcy and despair, and to economies and societies based on an unsustainable model of speculative finance and political irresponsibility.



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