Fiona Dukelow
Search for other papers by Fiona Dukelow in
Current site
Google Scholar
PubMed
Close
State to the rescue
The bank guarantee and Ireland’s financialised neo-liberal growth model
Abstract only
Log-in for full text

This chapter looks at how the bank guarantee epitomises the Irish case of the perverse legacy of the crisis and the contradictory path of neo-liberalism. The factors such as greed, excessive risk-taking and regulatory policy failures played a role in the Irish crisis. The chapter presents these factors both as symptoms of the deeper dynamics of a financialised neo-liberal growth model and as expressions of how neo-liberal practices and discourses have mutated in the crisis by remaining dominant despite their incongruities. The Irish case of debt displacement and repayment belongs to a broader set of responses in which enormous transfers of wealth are occurring under austerity, as state efforts to manage the crisis in market-friendly ways result in 'wealthfare'. Ireland's first encounter with financialisation occurred through the establishment of the International Financial Services Centre (IFSC).

  • Collapse
  • Expand

All of MUP's digital content including Open Access books and journals is now available on manchesterhive.

 

Defining events

Power, resistance and identity in twenty-first-century Ireland

Editors: and

Metrics

All Time Past Year Past 30 Days
Abstract Views 944 101 12
Full Text Views 21 0 0
PDF Downloads 15 0 0