Related resources
Full-text held externally
Search for item elsewhere
University researcher(s)
Academic department(s)
Power, politics and the City of London after the Great Financial Crisis
Sukhdev Johal, Michael Moran, Karel Williams
Government and Opposition. 2014;49(3):400-425.
Access to files
Full-text and supplementary files are not available from Manchester eScholar. Full-text is available externally using the following links:
Full-text held externally
Abstract
Four faces of power are summarized, based on the established literature in political science and the work of Foucault: they are power over decision, the power of agenda control, hegemonic power and capillary power. The four faces correspond also to four strategies used by City elites in the UK to protect markets from democratic control. Strategies have developed out of conjunctural crises. The most recent strategy, which involved a form of capillary power, was greatly damaged in the financial crisis of 2007–8. Since then the City has been obliged to retreat to a reliance on the exercise of power over decision, which involves open lobbying.
Bibliographic metadata
- Related website http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=9268489&fileId=S0017257X14000037