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Open AccessJournal ArticleDOI

Pushing austerity: state failure, municipal bankruptcy and the crises of fiscal federalism in the USA

Jamie Peck
- 01 Mar 2014 - 
- Vol. 7, Iss: 1, pp 17-44
TLDR
In this article, the authors examine the means by which the Wall Street crisis of 2008 has been translated into a state crisis, especially for the state at the subnational and urban scales.
Abstract
By way of a critical exploration of austerity politics in the USA, the paper examines the means by which the Wall Street crisis of 2008 has been translated into a state crisis, especially for the state at the subnational and urban scales. It examines the strategies, rationales and tactics adopted by advocates of austerity measures, which amount to a sustained effort to socialize, rescale and ‘dump’ the costs of the economic crisis. These manoeuvres are transforming the operating environment for state and local government in the USA, and they are remaking the terrains of urban politics at the same time.

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Citations
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Journal ArticleDOI

Austere reason, and the eschatology of neoliberalism’s End Times

TL;DR: The authors explored the distinctive dynamics of austerity politics in the United States and argued that it perpetuates the leeching of the social state and redoubles the attack on labor unions, systemic goals for the neoliberal project.
Journal ArticleDOI

Pragmatic municipalism or austerity urbanism? Understanding local government responses to fiscal stress

TL;DR: In this article, two contrasting views are found in the literature: "austerity urbanism" and "praglandic urbanism", and they are compared in the context of local government responses to the Great Recession.
Book

The Urbanism of Exception: The Dynamics of Global City Building in the Twenty-First Century

TL;DR: In this article, the authors challenge the conventional (modernist-inspired) understanding of urbanization as a universal process tied to the ideal-typical model of the modern metropolis with its origins in the grand Western experience of city-building.
Journal ArticleDOI

Future Directions in Urban Design as Public Policy: Reassessing Best Practice Principles for Design Review and Development Management

TL;DR: In this paper, the authors reassess John Punter's "Best Practice Principles for Design Review and Development Management" and argue that design control and review has been profoundly reshaped since 2007 by three contributing factors: the challenges associated with climate change, the growing role that communities can play in local decision making, and the impacts of the global economic crisis upon public sector finances and property development.
Dissertation

An institutional and spatial consideration of markets for financialised infrastructure

TL;DR: In this paper, the authors examine the contemporary and ongoing financialisation of infrastructure from an institutional and spatial perspective, and highlight the mediated actions of the state as an investment actor in infrastructure markets.
References
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Book

Capitalism and Freedom

TL;DR: In the classic bestseller, Capitalism and Freedom, Friedman presents his view of the proper role of competitive capitalism as both a device for achieving economic freedom and a necessary condition for political freedom as mentioned in this paper.
Journal ArticleDOI

An Essay on Fiscal Federalism

TL;DR: In the United Kingdom, both Scot- land and Wales have opted under the Blair government for their own regional parliaments and in Italy the movement toward decentralization has gone so far as to encompass a serious proposal for the separation of the nation into two in-dependent countries as mentioned in this paper.
Journal ArticleDOI

Capitalism and Freedom

Book

Constructions of Neoliberal Reason

TL;DR: In this article, the Chicago School was used to relocate Neoliberalism and found the Chicago school 4. Between Gotham and the Gulf 5. Creative Liberties 6. Decoding Obamanomics
Journal ArticleDOI

Austerity urbanism: American cities under extreme economy

Jamie Peck
- 18 Dec 2012 - 
TL;DR: In this paper, the authors locate these developments in the context of mutating processes of neoliberal urbanism, commenting on some of its social and spatial consequences, and argue that these conditions are defining a new operational matrix for urban politics.