Post-Crisis Fiscal Geographies I: State Responses to Fiscal Crises

Type: Paper
Theme:
Sponsor Groups: Economic Geography Specialty Group, Legal Geography Specialty Group, Political Geography Specialty Group
Poster #:
Day: 4/6/2019
Start / End Time: 8:00 AM / 9:40 AM (Eastern Standard Time)
Room: Capitol Room, Omni, East
Organizers: Kelly Kay, Renee Tapp
Chairs: Renee Tapp

Description

Ten years ago when the Lehman Brothers bank collapsed, tax and fiscal policies became implicated in the crisis that spread across the United States to Europe (Wainwright 2013). National governments drew on taxpayer money and other fiscal levers to prop up failing banks and financial institutions, and to intervene in bankrupt cities. Just one short decade later, US President Donald Trump announced record quarterly GDP growth of 4.2% (BEA 2018); while cities once teetering on the edge of fiscal calamity seem to be emerging as the new icons of revitalization (Kinney 2016, Peck and Whiteside 2016, Akers 2015, Davidson and Ward 2014). Economists speculate that recent growth and reinvestment in the US can be attributed to monetary and fiscal policy decisions like cuts to corporate and individual tax rates and very low interest rates (McKinsey Global Analytics 2018, Blinder and Zandi 2010). Despite the overall total growth in the economy, the post-crisis period has been rocky. Since 2008, scholars have drawn attention to record levels of inequality (Federal Reserve 2017), tax evasion and accumulation (Aalbers 2018), emergent social movements (Fields 2017), and the concentration of profits in the same sectors of the US economy where the crisis originated ten years ago (Christophers, Leyshon, and Mann 2017, Ashton and Christophers 2016).

In this retrospective session, we focus on the "fiscal geographies" (Tapp and Kay forthcoming) of the crisis and recovery. We seek to bring together scholars working on a broad range of topics related to post-crisis political economy in order to better evaluate the impacts of state fiscal policies and financial regulations, across all scales of governance. We invite papers that make empirical engagements or theoretical interventions that consider how states and capital have come to be differentially oriented since the 2008 crisis.


Agenda

Type Details Minutes Start Time
Presenter Amanda Kass*, University of Illinois At Chicago, Andy Crosby, Pace University, When is a Crisis a Crisis? An Examination of Pension Underfunding and State Intervention in Suburban Communities 20 8:00 AM
Presenter James Mizes*, Department of City & Regional Planning, University of California, Berkeley, Liza Rose Cirolia, African Center for Cities, University of Cape Town, Bypass: Informal exceptions to property taxes in M'Bour and Kisumu 20 8:20 AM
Presenter Jessa Loomis*, Clark University, De-Risk and Decrease Dependence: Examining the Role of Nonprofit Organizations in Shifting Financial Responsibility From State to Household 20 8:40 AM
Presenter Dylan Simone*, University of Toronto, Bricolage, Agnotology, and Myths of Canadian Exceptionalism 20 9:00 AM
Presenter Chris Muellerleile*, Swansea University, Shaun French, School of Geography, University of Nottingham, Monetization: Beyond Neoliberalism and Financialization 20 9:20 AM

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