The Federal Reserve and Authoritarian Statism
This paper examines the evolution of the Federal Reserve during the neoliberal period, noting both its institutional capacity and organizational flexibility. It argues that the Federal Reserve is open to institutional change itself and plays a key role managing and organizing financial power. From this, the paper uses Poulantzas’ theory of ‘authoritarian statism’ to chart the trajectory of the Fed’s institutional change, showing that it has developed ever-more powerful capacities insulated from democratic checks.
Copyright (c) 2021 Alternate Routes: A Journal of Critical Social Research
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles are published in Alternate Routes: A Journal of Critical Social Research under the Creative Commons "Attribution/Non-Commercial/No Derivative Works" Canada licence.
The copyright for the articles published in this journal is retained by the authors, with first publication rights granted to the journal. By virtue of their appearance in this open access journal, articles may be used, with proper attribution, in educational and other non-commercial, not-for-profit settings. The submission of a manuscript to Alternate Routes will be taken to mean that the author understands and agrees to the following:
- the manuscript represents original work not previously published;
- the manuscript is not being considered elsewhere for publication in the same language (publication elsewhere in an alternate language does not preclude acceptance of submission to Alternate Routes);
- appropriate written copyright permissions have been secured for republication of any copyrighted material contained in the manuscript;
- copyright for this article is retained by the author, with first publication rights granted to Alternate Routes;
- by virtue of its appearance in this open access journal, it is understood that the article is freely available for use, with proper attribution, for educational and other non-commercial purposes;
- reuse of the article for commercial purposes by anyone other than the author requires permission of the author;
- the author agrees to cite Alternate Routes as a source whenever h/she later republishes or reuses the article in other platforms.