'Public Anger, Business Power, and the Regulation of Finance in the UK and the US' - Prof. Pepper Culpepper
Public Anger, Business Power, and the Regulation of Finance in the UK and the US
Both the United Kingdom and the United States adopted epochal post-crisis financial regulation limiting the capacities of banks and other large financial institutions. When banks tried to resist these reforms, drawing on the substantial resources available to them in lobbying and access, they ran into different obstacles in the two countries. In the US, public anger towards bankers appears not to have changed broader attitudes toward inequality and regulation, but it has provided a potent resource on which political entrepreneurs have been able to draw to push legislation through a recalcitrant congress. In the UK, eruptions of public anger appear to be less easily embraced by would-be entrepreneurs to change the course of policy reform: the course of reform was almost a pure product of the fact of coalition government, and the course of reform was little changed by public eruptions of anger. We compare the different avenues through which anger towards elites entered the political process in the two countries and try to understand more generally the way in which anger influences the scope and success of business power in contemporary democracy. [Note: this is research in progress, so there is currently no paper version]
Date: 2 February 2017, 15:00 (Thursday, 3rd week, Hilary 2017)
Venue: Blavatnik School of Government, Radcliffe Observatory Quarter OX2 6GG
Venue Details: Seminar Room 3
Speaker: Prof. Pepper Culpepper (Blavatnik School of Government)
Organising department: Blavatnik School of Government
Organiser: Amy-Kate Robinson (Blavatnik School of Government)
Organiser contact email address: amy-kate.robinson@bsg.ox.ac.uk
Part of: Blavatnik School of Government Research Seminars Hilary Term 2017
Booking required?: Not required
Audience: DPhil Students and Faculty of University of Oxford
Editor: Amy-Kate Robinson