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Social policy --- Welfare state

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Central banks now stand between societies and collapse, but are they still democratic? Two decades of financial crises have dramatically expanded central banks’ powers. In 2008, and then again in 2020, unelected banking officials found themselves suddenly responsible for the public welfare—not just because it was necessary but based on an idea that their independence from political systems would insulate them from the whims of populism. Now, as international crises continue and the scope of monetary interventions grows in response, these bankers have become increasingly powerful. In Balance of Power, economist and historian Éric Monnet charts the rise of central banks as the nominally independent—but unavoidably political—superpowers of modern societies. This trajectory, Monnet argues, is neither inevitable nor unstoppable. By embracing the political natures of today’s central banks, we can construct systems of accountability for how they interact with states and societies. Monnet shows that this effort will do more than guard against unjust power; it will put the banks to work for greater, more democratic ends. With existential challenges looming and the work of the Federal Reserve and European Central Bank more important than ever, Balance of Power offers a trenchant case for what this century’s central banks can—and must—become.

Banks and banking, Central --- Monetary policy. --- Welfare state. --- Political aspects.

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Wie denken Beschäftigte, zum Beispiel in der Industrie, im Handel oder in Krankenhäusern, über Ungleichheit, Parteien oder die Klimakrise? Welche Politik wünschen sie sich und was stört sie? Thomas E. Goes widmet sich diesen Fragen empirisch, um die Erfolgschancen eines Grünen Sozialismus auszuloten. Im Zentrum steht dabei das vorherrschende Alltagsbewusstsein der Arbeiter*innen: Für eine breite Unterstützung muss die Forderung nach Gleichheit, mehr Demokratie und einem wirksamen Klimaschutz hier anknüpfen. Nur so bieten sich Möglichkeiten, eine sozial und ökologisch gerechte Politik nicht nur in der Theorie, sondern auch in der Praxis umzusetzen.

SOCIAL SCIENCE / Sociology / General. --- Class. --- Climate Crisis. --- Climate. --- Democracy. --- Eco-scialism. --- Environmental Sociology. --- Equality. --- Nature. --- Party. --- Political Science. --- Political Sociology. --- Politics. --- Social Inequality. --- Socialism. --- Sociology. --- State. --- Welfare State. --- Work.