[...]... Crash explores how the financial crisis of 2008 changed the economics and politics of both the United States and Britain First and foremost it is important to understand the causes and consequences of the economic crisis Even to informed observers, the causes of the crash remain uncertain How did this crisis happen? More precisely, how did a downturn in the US housing market mutate into a crisis that nearly... on the Orient Express, where everyone was guilty The United States and Britain were the exemplars of the free market revolution that swept the globe at the end of the twenty-first century The financial crisis was incubated within these economies before infecting global markets The damage, moreover, was as bad (or worse) in the host economies than in many other states The Legacy of the Crash explores how. .. grassroots movement rather than a proper political party, the Tea Party is the latest incarnation of a longstanding strain of American populism going back to the Jacksonian era The commonality of all American populist movements is the defense of the little guy’ against the malignant influence of ‘bigness’, be they Big Government, Big Business, Big Oil, Big Banks, and so on To the benefit of the Republican... Institute (SEI) in the United Kingdom Richard J Maiman is Professor of Political Science Emeritus at the University of Southern Maine Since 2000 he has been a Visiting Fellow at the Human Rights Centre at the University of Essex In 2011 he is a Fulbright Scholar at the Centre for Human Rights in the Faculty of Law at xiv The Legacy of the Crash the University of Pretoria in the Republic of South Africa... Varieties of Professionalism in Practice, co-authored with Lynn Mather and Craig McEwen, won the APSA’s C Herman Pritchett Award for the best book on law and courts’ in 2000 John E Owens is Professor of United States Government and Politics in the Centre for the Study of Democracy at the University of Westminster, Faculty Fellow in the Center for Congressional and Presidential Studies at the American... the US and UK had to reconfigure the rules and regulations of the financial system to prevent a future crash With no consensus on the causes of the crisis, the paths of regulatory reform were and are riddled with partisan barricades Nevertheless, as epitomized by the Oscar award-winning documentary Inside Job, the image in the popular mind is of a finance industry dominated by greedy rogues who used the. .. at the University of Wisconsin Madison from 1984 to 2007 where he taught and published in both the American and comparative politics fields He moved to Boston University in 2007 and is currently the Chair of its Political Science Department He contributed to and co-edited the Oxford Handbook of Business and Government which appeared in the spring of 2010 and has published on the British election of. .. needed, what might it be? And what are the political implications of these economic trends? To date the traditional nostrums of neither the left nor the right have resonated strongly with American or British electorates, both of which remain deeply apprehensive toward the future The major economic crises of the last 100 years – the Great Depression and the ‘stagflation’ of the 1970s – proved to be political... between the coalition partners over the tenor of the Alternative Vote (AV) campaign, they seem to have weathered this rough patch and look capable of maintaining the political marriage as committed in the coalition agreement, through the end of this parliament in 2015 On the American side, the economic crisis and the policy responses to it generated the Tea Party movement, their rise recounted by Cyr A decentralized... of the current crisis which, while overlapping in much of their analysis, place different emphases in terms of causation For Coates and Dickstein, the crisis was more of a systemic problem of the Anglo-American economic model The neoliberal era saw a marked decline in manufacturing and an increased reliance on financial services as a driver of growth Yet that growth was founded on the accumulation of . alt="" The Legacy of the Crash This page intentionally left blank The Legacy of the Crash How the Financial Crisis Changed America and Britain Edited by Terrence Casey Associate Professor of Political. world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries ISBN-13: 97 8-0 -2 3 0-3 045 8-1 hardback ISBN-13: 97 8-0 -2 3 0-3 045 9-8 paperback This. Michael J. Brogan viii The Legacy of the Crash Part III: The Shifting Ground of Public Policy 11 The Politics and Changing Political Economy of Health Care in the US and the UK 201 Alex Waddan 12