Neoliberalism Writ Large and Small

Bibliographic Data

ID12930677
AuthorsLaura K Jordan (0000-0001-6889-685X, Ludwig-Maximilians-Universität München, corresponding author)
Year2015
Volume15
Issue1
Publication date2015-08-25
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAnthropology Matters (JOURNAL)
Journal identifiersISSN: 1758-6453 • E-ISSN: 1758-6453
PublisherNomadIT (PUBLISHER)
DOI10.22582/am.v15i1.308
OpenAlexW1716480211
LanguageEN
Citations received2
References cited46

General Motors restructured its worldwide operations in the 1980s to maximally exploit cheap labour markets around the world, and this had devastating results for local economies in many places, including Flint, Michigan (US). While this restructuring did not save General Motors from eventual bankruptcy, the severe economic and social problems engendered by factory closures in Flint put the city’s local elites in a difficult position. Not only was their future prosperity no longer assured, but their exclusive status as elites became tarnished by the city’s fall into disrepute. This article describes how local Flint elites who did not benefit from the large-scale neoliberal transformation of deindustrialisation have themselves resorted to neoliberal practices on a small scale to preserve their elite position. They have done this by mobilising personal ties to obtain public and non-profit financing for their own for-profit business projects in the city’s downtown. Notwithstanding some contestation by area residents, these projects have been bolstered by hegemonic discourses portraying them as public works

Bankruptcy · Downtown · Economic growth · Economics · Economy · Elite · Hegemony · Neoliberalism (international relations · Political economy · Political science · Politics · Position (finance · Prosperity · Restructuring · Sociology · Writ · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Political Economy and Marxism · Finance