Financialisation, Financial Literacy and Asset-Based Welfare
Author: Finlayson, Alan
Source: British Journal of Politics and International Relations, Volume 11, Number 3, August 2009 , pp. 400-421(22)
Abstract:This article examines New Labour's policies of asset-based welfare in the broader context of financialisation. It argues that these are indicative of a mode of government concerned to alter individual outlooks and aspirations, and that asset-based welfare, as developed by New Labour, is primarily a strategy for enhancing financial literacy. Exploring and identifying the general contours of New Labour's reform of welfare provision (particularly the rise of conditionality and personalisation), the article presents a case study of the Child Trust Fund, its development and marketing. The article closes with reflections on the fate of such policies after the sub-prime mortgage crisis.
Document Type: Research Article
Affiliations: Swansea University, UK
Publication date: August 1, 2009