The Federal Reserve and Authoritarian Statism

  • Scott M. Aquanno Ontario Tech University

Abstract

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.

Published
2021-08-17
How to Cite
Aquanno, S. M. (2021). The Federal Reserve and Authoritarian Statism. Alternate Routes: A Journal of Critical Social Research, 32(1). Retrieved from http://www.alternateroutes.ca/index.php/ar/article/view/22528