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Civil society and financial markets : what is not happening and why
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Scholte, Jan Aart (2013) Civil society and financial markets : what is not happening and why. Journal of Civil Society, Volume 9 (Number 2). pp. 129-147. doi:10.1080/17448689.2013.788925
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Official URL: http://www.tandfonline.com/toc/rcis20/current
Abstract
Why have commercial financial flows – as a major force in contemporary society with a number of significant problematic consequences – attracted relatively little effective public-interest response from civil society? Change-oriented NGOs, labour unions, faith-based organisations and other social movements have mostly remained in the shadows vis-à-vis private financial markets. Impacts from these citizen associations have not gone beyond promoting modest rises in public awareness, certain limited policy shifts, and minor institutional reforms of a few public governance agencies. The reasons for these scant achievements are partly related to capacities and practices in civil society groups, relevant governance agencies, and financial firms. Also important in constraining civil society impacts to reform and transform contemporary financial markets are deeper structural circumstances such as embedded social hierarchies (among countries, classes, etc.), the pivotal role of finance capital in accumulation processes today, and the entrenchment of prevailing neoliberal policy discourses.
| Item Type: | Journal Article | ||||
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| Subjects: | H Social Sciences > HG Finance J Political Science > JC Political theory |
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| Divisions: | Faculty of Social Sciences > Politics and International Studies | ||||
| Library of Congress Subject Headings (LCSH): | Civil society, Finance, Corporate governance, Neoliberalism, Non-governmental organizations, Social movements | ||||
| Journal or Publication Title: | Journal of Civil Society | ||||
| Publisher: | Routledge | ||||
| ISSN: | 1744-8689 | ||||
| Official Date: | April 2013 | ||||
| Dates: |
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| Date of first compliant deposit: | 24 December 2015 | ||||
| Volume: | Volume 9 | ||||
| Number: | Number 2 | ||||
| Page Range: | pp. 129-147 | ||||
| DOI: | 10.1080/17448689.2013.788925 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access | ||||
| Description: | Essay for the Project ‘Citizens vs. Markets’, Centre for Social Investment, University of Heidelberg |
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| Funder: | Käte Hamburger Kolleg/Centre for Global Cooperation Research (Duisburg) |
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