Pushing austerity: state failure, municipal bankruptcy and the crises of fiscal federalism in the USA
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.read more
Citations
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How Municipal Takeovers Reshape Urban Democracy: Comparing the Experiences of Camden, New Jersey and Flint, Michigan:
TL;DR: Municipal takeovers are a state policy ostensibly designed to address urban fiscal crises by “temporarily” taking over local government, suspending local control, and implementing sweeping austerit...
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The Social and Fiscal Consequences of Urban Decline: Evidence from Large American Cities, 1980–2010:
Michael Manville,Daniel Kuhlmann +1 more
TL;DR: This paper examined the economic consequences of sustained population loss in American cities and found that population loss may both increase social problems and decrease the resources available to solve them, and that declining cities may enter vicious cycles that perpetuate further decline.
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Limits of fiscal federalism: How narratives of local government inefficiency facilitate scalar dumping in New York State:
TL;DR: In this article, focus groups with local government officials across New York State show local responses are constrained by the combination of a state-level limit on local property taxes and a narrative of local government inefficiency.
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Grassroots austerity: municipal bankruptcy from below in Vallejo, California:
Mark Davidson,William Kutz +1 more
TL;DR: This paper examined the 2008 bankruptcy of Vallejo, California, which became the first municipal bankruptcy in the Great Recession period, and explored how it failed and how it became the city's first to fail.
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The Everyday Emergency: Planning and Democracy Under Austerity Regimes
TL;DR: In the last several years, the governor of Michigan has placed seven cities under the control of emergency managers (EMs), who have the authority to make drastic cuts and rearrangements of public processes and services as mentioned in this paper.
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.
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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.
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
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Austerity urbanism: American cities under extreme economy
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.