Late neoliberalism: delineating a policy regime

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Late neoliberalism : delineating a policy regime. / McGimpsey, Ian.

In: Critical Social Policy, Vol. 37, No. 1, 01.02.2017, p. 64-84.

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@article{d8305521069a470bb69134f9bcfc734f,
title = "Late neoliberalism: delineating a policy regime",
abstract = "In the aftermath of the financial crisis, policy-making in post-industrial nations has been widely characterised in terms of austerity. Yet this provides an insufficient basis for an understanding of social policy-making at this time. I argue for a {\textquoteleft}late neoliberal{\textquoteright} phase distinguished by a change in the regime governing the emergence of public service formations. I work from the example of UK policy discourse to demonstrate how in late neoliberalism austerity, social investment and localism operate in conjunction. Beyond fiscal constraint, this conjunction serves to move social policy on from {\textquoteleft}quasi-marketisation{\textquoteright} to reflect more closely the logic and forms of finance capital. The effects of this change can be seen in the reconstitution of {\textquoteleft}value{\textquoteright} in public services, how capital is distributed, and in the subjectivating force of policy. Ultimately late neoliberalism serves to sustain and reproduce familiar relations of domination.",
keywords = "Austerity, social investment, public services, localism",
author = "Ian McGimpsey",
year = "2017",
month = feb,
day = "1",
doi = "10.1177/0261018316653552",
language = "English",
volume = "37",
pages = "64--84",
journal = "Critical Social Policy",
issn = "0261-0183",
publisher = "SAGE Publications",
number = "1",

}

RIS

TY - JOUR

T1 - Late neoliberalism

T2 - delineating a policy regime

AU - McGimpsey, Ian

PY - 2017/2/1

Y1 - 2017/2/1

N2 - In the aftermath of the financial crisis, policy-making in post-industrial nations has been widely characterised in terms of austerity. Yet this provides an insufficient basis for an understanding of social policy-making at this time. I argue for a ‘late neoliberal’ phase distinguished by a change in the regime governing the emergence of public service formations. I work from the example of UK policy discourse to demonstrate how in late neoliberalism austerity, social investment and localism operate in conjunction. Beyond fiscal constraint, this conjunction serves to move social policy on from ‘quasi-marketisation’ to reflect more closely the logic and forms of finance capital. The effects of this change can be seen in the reconstitution of ‘value’ in public services, how capital is distributed, and in the subjectivating force of policy. Ultimately late neoliberalism serves to sustain and reproduce familiar relations of domination.

AB - In the aftermath of the financial crisis, policy-making in post-industrial nations has been widely characterised in terms of austerity. Yet this provides an insufficient basis for an understanding of social policy-making at this time. I argue for a ‘late neoliberal’ phase distinguished by a change in the regime governing the emergence of public service formations. I work from the example of UK policy discourse to demonstrate how in late neoliberalism austerity, social investment and localism operate in conjunction. Beyond fiscal constraint, this conjunction serves to move social policy on from ‘quasi-marketisation’ to reflect more closely the logic and forms of finance capital. The effects of this change can be seen in the reconstitution of ‘value’ in public services, how capital is distributed, and in the subjectivating force of policy. Ultimately late neoliberalism serves to sustain and reproduce familiar relations of domination.

KW - Austerity

KW - social investment

KW - public services

KW - localism

U2 - 10.1177/0261018316653552

DO - 10.1177/0261018316653552

M3 - Article

VL - 37

SP - 64

EP - 84

JO - Critical Social Policy

JF - Critical Social Policy

SN - 0261-0183

IS - 1

ER -