The Strange Non-death of Neo-liberalism

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  • Engels
  • Hardcover
  • 9780745651200
  • 24 juni 2011
  • 224 pagina's
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Samenvatting

The financial crisis seemed to present a fundamental challenge to neo-liberalism, the body of ideas that have constituted the political orthodoxy of most advanced economies in recent decades. The author argues that it will shrug off this challenge.

The financial crisis seemed to present a fundamental challenge to neo liberalism, the body of ideas that have constituted the political orthodoxy of most advanced economies in recent decades. Colin Crouch argues in this book that it will shrug off this challenge. The reason is that while neo liberalism seems to be about free markets, in practice it is concerned with the dominance over public life of the giant corporation. This has been intensified, not checked, by the recent financial crisis and acceptance that certain financial corporations are ‘too big to fail'. Although much political debate remains preoccupied with conflicts between the market and the state, the impact of the corporation on both these is today far more important.

Several factors have brought us to this situation:

  • The lobbying power of firms whose donations are of growing importance to cash-hungry politicians and parties
  • The weakening of competitive forces by firms large enough to shape and dominate their markets
  • The moral initiative that is grasped by enterprises that devise their own agendas of corporate social responsibility

Both democratic politics and the free market are weakened by these processes, but they are largely inevitable and not always malign. Hope for the future, therefore, cannot lie in suppressing them in order to attain either an economy of pure markets or a socialist society. Rather it lies in dragging the giant corporation fully into political controversy.



The financial crisis seemed to present a fundamental challenge to neo liberalism, the body of ideas that have constituted the political orthodoxy of most advanced economies in recent decades. Colin Crouch argues in this book that it will shrug off this challenge. The reason is that while neo liberalism seems to be about free markets, in practice it is concerned with the dominance over public life of the giant corporation. This has been intensified, not checked, by the recent financial crisis and acceptance that certain financial corporations are ‘too big to fail'. Although much political debate remains preoccupied with conflicts between the market and the state, the impact of the corporation on both these is today far more important.

Several factors have brought us to this situation:

  • The lobbying power of firms whose donations are of growing importance to cash-hungry politicians and parties
  • The weakening of competitive forces by firms large enough to shape and dominate their markets
  • The moral initiative that is grasped by enterprises that devise their own agendas of corporate social responsibility

Both democratic politics and the free market are weakened by these processes, but they are largely inevitable and not always malign. Hope for the future, therefore, cannot lie in suppressing them in order to attain either an economy of pure markets or a socialist society. Rather it lies in dragging the giant corporation fully into political controversy.

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Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
24 juni 2011
Aantal pagina's
224
Illustraties
Nee

Betrokkenen

Hoofdauteur
Colin Crouch
Hoofduitgeverij
Polity Press

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Extra groot lettertype
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Product breedte
145 mm
Product hoogte
21 mm
Product lengte
224 mm
Studieboek
Ja
Verpakking breedte
155 mm
Verpakking hoogte
21 mm
Verpakking lengte
222 mm
Verpakkingsgewicht
396 g

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9780745651200

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  • Diversiteit van het neoliberalisme

    Positieve punten

    • Toegankelijk
    • verrijkt de eenzijdigheid in de discussies over ec

    Duidelijke inleiding in de diverse opvattingen over neoliberalisme.

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  • De markt is de multinational

    Positieve punten

    • Toegankelijk

    Het interessante onderdeel is de beschrijving van de rol van de Multinationals. Daar omheen staat veel tekst over zaken die voor economen niet nieuw zijn.

    Vond je dit een nuttige review?
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