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10 - Imagine

Grassroots Against Financialization

Published online by Cambridge University Press:  26 February 2018

Jocelyn Pixley
Affiliation:
Macquarie University, Sydney
Helena Flam
Affiliation:
Universität Leipzig
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Summary

The text reports selected findings from World Protest 2006-2013 to show that the crisis of 2007-2008 generated an intense wave of protests and, in poorer countries, also riots. Most often protesters demanded "real" democracy and called for anti-austerity measures. They also fairly often had the IMF as their main protest target. The text criticizes social movement research for taking insufficient interest in creditor-debtor struggles, and thus missing the factors that generate protests. It then turns to Occupy Wall Street (OWS) and the Association for the Taxation and Financial Transactions for the Aid of Citizens (ATTAC) to show how their working groups and initiatives challenge financial capital. The text pinpoints that ATTAC and OWS share in common that they defy financial capital both relying on expertise and on popularizing anti-finance discourses. Taking up anti-G20 protests in London in 2009, and Jubilee and Jubilee South transnational anti-government debt campaigns, paves the way for the argument that social movements (have to) combine focused anti-finance expertise, popular discourses and open protest to challenge the rule of financial capital. Conclusion calls for a Weberian, creditor-debtor-focused, perspective on social mobilization.
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Publisher: Cambridge University Press
Print publication year: 2018

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References

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  • Imagine
  • Edited by Jocelyn Pixley, Macquarie University, Sydney, Helena Flam, Universität Leipzig
  • Book: Critical Junctures in Mobile Capital
  • Online publication: 26 February 2018
  • Chapter DOI: https://doi.org/10.1017/9781316995327.011
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  • Imagine
  • Edited by Jocelyn Pixley, Macquarie University, Sydney, Helena Flam, Universität Leipzig
  • Book: Critical Junctures in Mobile Capital
  • Online publication: 26 February 2018
  • Chapter DOI: https://doi.org/10.1017/9781316995327.011
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Imagine
  • Edited by Jocelyn Pixley, Macquarie University, Sydney, Helena Flam, Universität Leipzig
  • Book: Critical Junctures in Mobile Capital
  • Online publication: 26 February 2018
  • Chapter DOI: https://doi.org/10.1017/9781316995327.011
Available formats
×