Young People's Marginalisation: Unsettling What Agency and Structure Mean After Neo-Liberalism

Kelly, P 2017, 'Young People's Marginalisation: Unsettling What Agency and Structure Mean After Neo-Liberalism' in Peter Kelly and Jo Pike (ed.) Neo-Liberalism and Austerity: The Moral Economies of Young People's Health and Well-Being, Palgrave Macmillan, London, United Kingdom, pp. 35-52.


Document type: Book Chapter
Collection: Book Chapters

Title Young People's Marginalisation: Unsettling What Agency and Structure Mean After Neo-Liberalism
Author(s) Kelly, P
Year 2017
Title of book Neo-Liberalism and Austerity: The Moral Economies of Young People's Health and Well-Being
Publisher Palgrave Macmillan
Place of publication London, United Kingdom
Editor(s) Peter Kelly and Jo Pike
Start page 35
End page 52
Subjects Sociology of Education
Summary In the days, months and years after many of the major institutions of globalised and financialised capitalism near froze, then went into meltdown in the later part of 2007 and the early part of 2008, and began to wreak havoc in spaces that, at first glance, had little direct relation to the worlds of US-based sub-prime mortgages, derivatives, Collateralised Debt Obligations, Credit Default Swaps, billion dollar profits and multi-million dollar bonuses, powerful, vested interests mobilised to reconfigure, to reimagine, the Global Financial Crisis (GFC) as being a crisis of sovereign debt, as signalling a need for massive reductions in state spending, as creating an urgent need for austerity. As I have argued elsewhere (Kelly 2013, 2016), the work done by conservative governments, the International Monetary Fund, troikas, think tanks, conservative commentators and media outlets has been largely successful in many of the Organisation for Economic Co-operation and Development/European Union (OECD/EU) economies in framing responses to the downstream effects of the GFC as being principally about State debt levels. In this discourse, those that depend most on State-provided services, payments and programmes have been the ones to carry the greatest burden as severe austerity measures are implemented to protect sovereign debt ratings, or to bail out banks and financial institutions.
Copyright notice © The Editor(s) (if applicable) and The Author(s) 2017
Keyword(s) Global Financial Crisis
Credit Default Swap
Sovereign Debt
Youth Unemployment
Youth Study
DOI - identifier 10.1057/978-1-137-58266-9_2
ISBN 9781137582652
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