Risk, Power, and Inequality in the 21st Century
Risk, Power, and Inequality in the 21st Century provides a groundbreaking new analysis of the increasingly important relationship between risk and widening inequalities. The massive, and often unequal, impacts of contemporary risks are recognized widely i
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Risk, Power, and Inequality in the 21st Century Dean Curran Assistant Professor, University of Calgary, Canada
RISK, POWER, AND INEQUALITY IN THE 21ST CENTURY
Copyright © Dean Curran, 2016 Softcover reprint of the hardcover 1st edition 2016 978–1–137–49556–3 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission. In accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. First published 2016 by PALGRAVE MACMILLAN The author has asserted his right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act 1988. Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of Nature America, Inc., One New York Plaza, Suite 4500 New York, NY 10004-1562. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. ISBN 978–1–349–69759–5 E-PDF ISBN: 978–1–137–49557–0 DOI: 10.1057/9781137495570 Distribution in the UK, Europe and the rest of the world is by Palgrave Macmillan®, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. A catalog record for this book is available from the Library of Congress A catalogue record for the book is available from the British Library Typeset by MPS Limited, Chennai, India.
For past, present, and future, to Sarah, Laura, and Dylan
Contents Preface
viii
1 Which Risk Society, and for Whom?
1
2 The Sociology of Risk and the Ineliminability of Realism
20
3 Risk Society and Systematic Social Theory
42
4 Thinking with Bourdieu, Marx, and Weber to Analyse Contemporary Inequalities and Class
63
5 Risk Society and the Distribution of Bads
83
6 Risk Illusion and Organized Irresponsibility in Contemporary Finance
113
7 Conclusion: Beyond the Quiet Politics of Risk
140
Notes
149
References
160
Index
176
vii
Preface This book was written over the course of 2010–2015. Having first seriously engaged with Ulrich Beck’s work in 2010, some five years after Hurricane Katrina and in the context of skyrocketing top incomes and a financial crisis that was massively unequal in its impact, I came to World Risk Society (1999) and Risk Society (1992) with a very different set of concerns than many of its past readers would have done. It was clear that these processes were unequal and certainly not a threat to class inequalities. What was quite striking though was
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