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
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Leviathan or Public Steward? Evidence on Local Government Taxing Behavior from New York State
TL;DR: This article analyzed local taxing behavior in New York State, which implemented a levy limit in 2012 that allows legislative overrides with 60 percent vote of the local governing board and found 38 percent of municipalities voted to override.
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The urban politics of policy failure
Cristina Temenos,John Lauermann +1 more
TL;DR: A growing attention to the urban politics of policy failure focuses on the ways in which policymaking is politicized before, during, and after moments of failure, and the effects of policy failures in cities as discussed by the authors.
Governing the Broke City: Fiscal Crisis and the Remaking of Urban Governance
TL;DR: Hinkley et al. as discussed by the authors examined the dominant narratives of urban fiscal crisis and the implementation of austerity budgets and restructured governance in U.S. cities in the wake of the Great Recession.
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The violence of municipal debt: From interest rate swaps to racialized harm in the Detroit water crisis
TL;DR: The authors investigate the American municipal debt crisis as a condition of financialized racial capitalism, illustrating the interplay between stretched spatio-temporal financial relations and spectacular expressions of social violence.
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.