The Strange Non-death of Neo-liberalismJohn Wiley & Sons, 26. apr. 2013 - 216 sider 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:
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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accept achieved action activities approach argue argument associated banks become behaviour campaigns capitalism central chapter Chicago choice civil society claims collective competition concept concerned considered consumers contracts corporations costs countries crisis critics customers demand democracy democratic developed discussed dominated economy efficiency ethical example existing externalities failures firms funded further giant global goals groups highly human idea important individual industrial interests issues kind labour liberalism limited major mass maximization means moral neoliberal network externalities organizations particular parties political position possible practices preferences present principal problems produced profit protection public services pure reduce regulation relations remains responsibility rise risk role Second sector seen share shareholders social standards theory trade turn usually values wealth welfare