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dc.contributor.authorStormo, Andreas
dc.date.accessioned2016-03-04T11:09:31Z
dc.date.available2016-03-04T11:09:31Z
dc.date.issued2015
dc.identifier.citationStormo, Andreas. Middle Class Economics? Restoring the American Dream in a Corporate Age. Master thesis, University of Oslo, 2015
dc.identifier.urihttp://hdl.handle.net/10852/49316
dc.description.abstractThe Financial Crisis of 2008 and the ensuing recession created much ambivalence about free market economics as a viable way to achieve sustainable economic growth in the United States. Despite a robust recovery the downward trend of the American middle class has persisted. In 2015 The Obama Administration launched Middle Class Economics (MCE) as a new set of economic policies that seek to arrest the negative developments and restore America as a middle class society. In parallel to MCE the Obama Administration is championing an ambitious set of free trade agreements that seeks to include substantial parts of Asia and the EU in a trading regime centered on the U.S. The Trans Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) are touted as a managed form of economic globalization that is more dynamic and socially friendly than the current arrangements, and which will benefit the working- and middle class in America. This thesis looks at the discursive foundations for these policy initiatives, and sees this in connection to a broader shift in economic thinking away from free market economics, in order to evaluate if we are witnessing a substantive shift in economic thinking away from pure market governance towards a more active state that seeks to relieve social hardships through economic policy. For this purpose a combination of discourse analysis DA on textual data from The White House, structural analysis of economic institutions, and cultural IPE theory is used. This thesis suggests that while we are seeing a broadening of the economic debate in the U.S to include more non-market elements, these elements are overshadowed by geopolitical strategic concerns, represented by the FTAs. Although we are seeing a shift to an economic debate that is concerned with the social effects of free market economics, these concerns are only recognized insofar as they affect economic performance. Thus we are not seeing a democratization of economic policy, but rather a comeback of the state in economic governance as a more hands-on economic partner in supporting a type of economic globalization that is articulated and driven by major corporations. In turn a new type of middle class citizen is created that will fit into this new competitive environment.eng
dc.language.isoeng
dc.subjectObama
dc.subjectMiddle
dc.subjectclass
dc.subjecteconomics
dc.subjectinequality
dc.subjectTPP
dc.subjectTTIP
dc.titleMiddle Class Economics? Restoring the American Dream in a Corporate Ageeng
dc.typeMaster thesis
dc.date.updated2016-03-04T11:17:40Z
dc.creator.authorStormo, Andreas
dc.identifier.urnURN:NBN:no-53038
dc.type.documentMasteroppgave
dc.identifier.fulltextFulltext https://www.duo.uio.no/bitstream/handle/10852/49316/1/Stormo_Master.pdf


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