Bolstering the hegemony of the financial panopticon over emerging markets, a neo-Gramscian reading of the role of ideas, material capabilities and institutions

by Peck, Lawrence W.

Rcronyms and ubbrevintiuns Contemalizing the h!pothesis The thesis statement Organintion of the thesis klchodo lo@d cipproac h Contribution of the thesis introduction 1.1 nie rmrrsing market phenornenon 1 .Z The ~cnsion of panoptic finuiciai dominancc to cmcrging markcts 1.3 The internai contradictions of panoptic financial dominuice as a conditioning hctor for 3 hegemonic project 1. J The theoreticai underphings of a hegemonic project Conclusion Chupter 2 - From coUecrive images to interszihjecn ve un&rstandin,qs: 'fie ideolog > cal constn~ction globakation oj'the "reaii@" oj~nancial and of cornmonsense hehm>ior htroduction 2.1 Nmowing the "Iimitsof the possible" 1: Episternologid struggles 2.2 Nmowing the "limits of the possible" Ii: Mfic ontologies of die Wd1 Street mentalie 2.2.1 Finuiciai globdization as unavoidable: The myth of technologicai detenninism 2.2.2 Fiauicial globalizationas beyond influence: The myth of " atornized markets" 2.2.3 Financiai globalkation and economic gowth: The mythical panÿcea of hciai integration 2.2-1 Financiai globalkation as the "great leveler": The myth of the democratinng auâliberating ben& of globalized markets 2.2.5 Fbcid giobaüzation as the &sion of the "invisible hami*': The myth of cational economic govemance widiout governrnent 2.3 A "bhep~t" for leçitimate behavior: Applying the Wall Street muitality to daily Me under the panoptic yaze of 'rhe markets" 2.3.1 Hyperlikd tiiiyicid giobaiism 3s the bluqrint for mmajng financiai @aiintion 2-32 Imedizeâ disciplinary behaviorai pattcms: htcrprcting -'rnarketsignals " 2.4 Revisionisnt in Asia: The occultation of aiternatives to hyperiibenl hanciai @obdism Conciusion Chaprer 3 - Capitd punishmtnt ": The material capc7hilities oj'the transnatiunalfinancinl punopticon os the corrciw bnsxs LI hegemoy ofpanuptic dominance Introduction 3.1 The nav '-information standard" yui the cmrrginy market howlcdge smcrure 3.2The collective allocation of global finance: The ccnrtnliz3Uon of finuicial services and thc investor herding 3.2.1 The rise of the institutionai ùivestor: Cenuûlizins controi over global ilcc 3.2 2 Playing "foilow-the-leadei': investor herding 3.3 The short-terni horizons an speculative naturc of emerging markcc capital tlows 3.-i When the bubbie bursts: The matcriaiization of "C3pit31 punisiment*' Conciusion