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Broken Promises: Neoliberalism and E...

Sargent, Brian James.

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Broken Promises: Neoliberalism and Embedded Logics of Racial Domination in Community Development Policy Implementation.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Broken Promises: Neoliberalism and Embedded Logics of Racial Domination in Community Development Policy Implementation./
Author:	Sargent, Brian James.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2017,
Description:	234 p.
Notes:	Source: Dissertation Abstracts International, Volume: 78-10(E), Section: A.
Contained By:	Dissertation Abstracts International78-10A(E).
Subject:	Sociology. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10279893
ISBN:	9781369818857

Broken Promises: Neoliberalism and Embedded Logics of Racial Domination in Community Development Policy Implementation.
Sargent, Brian James.

Broken Promises: Neoliberalism and Embedded Logics of Racial Domination in Community Development Policy Implementation. - Ann Arbor : ProQuest Dissertations & Theses, 2017 - 234 p.

Source: Dissertation Abstracts International, Volume: 78-10(E), Section: A.

Thesis (Ph.D.)--Northwestern University, 2017.

Using the case of the Federal Reserve's early efforts to implement the Community Reinvestment Act of 1977, I reveal how logics of racial oppression can infuse governmental organizational structures in ways that make successful progressive policy implementation difficult to accomplish. In the first part of the dissertation, I explore how these logics produced a form of neoliberalism that operated through the organizational structures of the state. As a conflict-averse regulator focused on technocratic and politically neutral governance, the organizational identity of the Federal Reserve's regulatory apparatus was incompatible with the CRA's political mandate to directly confront and adjudicate charges of racism in mortgage lending. In the second part of the dissertation, I discuss how the Federal Reserve's discomfort with governing in matters of race and racism led to an embrace of a logic of racial optimism that led the bureaucrats to replace direct regulation of banks with an informal process of encouraging banks to make financial commitments to community groups. These commitments, while statutorily unenforceable, came to represent a more palatably conflict-free form of governance even as they failed to reduce racial discrimination in mortgage lending. Ultimately, this is a story of how bureaucratic logics structured the policy implementation process to grapple with the contested meanings of black progress in marginalized communities. The Federal Reserve settled on a notion of black progress tied to producing and presenting black subjects as proper market actors that helped to further usher in the era of neoliberal community development. In addition to these primary findings, this project also represents a push to study the Federal Reserve in new ways beyond its role in monetary policy.

ISBN: 9781369818857Subjects--Topical Terms:

516174
Sociology.

Broken Promises: Neoliberalism and Embedded Logics of Racial Domination in Community Development Policy Implementation.
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