posted on 2014-01-24, 14:57authored byLee F. Monaghan, Micheal O'Flynn, Martin J. Power
Irish society continues to reel in the aftershock of the 2008 global financial crisis,
particularly since the government socialised the massive liabilities of private banks.
Sensitized to antagonistic social relations using group conflict theory, frame analysis
and Marxian informed critique, this paper reflects on some of the corrosive social
consequences of the crisis. In particular, we interrogate hegemonic discourses which
scapegoat various targets, such as public sector workers and social welfare recipients.
While scapegoating is understood anthropologically as the ‘transference of evil’ our
sociological interest is in the transference of blame and privately accumulated debt
as part of a class project that has served finance capital and its representatives so
well. In conclusion, we suggest that Ireland serves as an example of the power and
dominance of the financial sector under late capitalism, and of the ideological means
by which its socially corrosive ends are currently facilitated.
History
Publication
University of Limerick Department of Sociology Working Paper Series;WP2013-06