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    Looking over the cliff: globalizing inequalities and the challenge for a global social theory

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    Authors
    Powell, Jason
    Affiliation
    University of Chester
    Publication Date
    2010-07
    
    Metadata
    Show full item record
    Abstract
    Every nation-state across all corners of the globe has been experiencing the most formidable structural, economic climate since the 1930s. One of the central causes of global financial instability has been transnational financial institutions and lack of regulation for consumer populations in different nation-states. It is not just financial institutions but also nation-states. For example, in May 2010, the Greek government has turned to Europe to help stimulate its economy (with 100 billion euros loan); otherwise, Greece would be at risk for bankruptcy which would then have ripple effects for other EU economies linked through economic harmonization, such as EU country memberships of the Euro – which would dramatically lose its value in the global economic market if the Greek economy was not propelled by support from other EU countries. President Obama has recognized the potential instability that Greece could potentially have on the US economy; and hence, this raises questions about the wider global economy. Whilst these problems require a global response by the international community and political leaders, they also require a response and engagement by social scientists.
    Citation
    Powell, J. (2010). Looking over the cliff: globalizing inequalities and the challenge for a global social theory. Fast Capitalism, 7(1).
    Journal
    Fast Capitalism
    URI
    http://hdl.handle.net/10034/611349
    Additional Links
    https://www.uta.edu/huma/agger/fastcapitalism/7_1/powell7_1.html
    Type
    Article
    Language
    en
    ISSN
    1930-014X
    Collections
    Social and Political Science

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