The Strange Non Death Of Neo Liberalism

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The Strange Non-death of Neo-liberalism :

History

Author - Colin Crouch
Publisher - John Wiley & Sons
Pages - 216
ISBN - 0745637590


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Detail - 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 Strange Non-death of Neo-liberalism :

Business & Economics

Author - Colin Crouch
Publisher - Polity
Pages - 199
ISBN - 0745652212


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Detail - Winner of the Friedrich Ebert Stiftung prize 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: Most obviously, 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 power over public policy exercised by corporations enjoying special relationships with government as they contract to deliver public services; 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. Here a key role is played by the small, cash-strapped campaigning groups who, with precious little help from established parties, seek to achieve corporate social accountability.

The Strange Non-death of Neo-liberalism :

History

Author - Colin Crouch
Publisher - Polity
Pages - 199
ISBN - 0745651208


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Detail - Winner of the Friedrich Ebert Stiftung prize 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: Most obviously, 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 power over public policy exercised by corporations enjoying special relationships with government as they contract to deliver public services; 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. Here a key role is played by the small, cash-strapped campaigning groups who, with precious little help from established parties, seek to achieve corporate social accountability.

Neoliberalism in Crisis :

Political Science

Author - Henk Overbeek, Bastiaan van Apeldoorn
Publisher - Springer
Pages - 268
ISBN - 1137002476


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Detail - The authors interrogate the condition of the neoliberal project in the wake of the global crisis and neoliberalism's predicted death in 2007, both in terms of the regulatory structures of finance-led capitalism in Europe and North America, and the impact of new centres of capitalist power on global order.

The Knowledge Corrupters : Hidden Consequences of the Financial Takeover of Public Life

Business & Economics

Author - Colin Crouch
Publisher - John Wiley & Sons
Pages - 200
ISBN - 1509502394


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Detail - In principle the advanced, market-driven world in which we now live is fuelled by knowledge, information and transparency, but in practice the processes that produce this world systematically corrupt and denigrate knowledge: this is the powerful and provocative argument advanced by Colin Crouch in his latest exploration of societies on the road to post-democracy. Crouch shows that executives in profit-maximizing corporations have incentives to ignore or distort knowledge, especially firms in the information business of the mass media themselves, as financial knowledge increasingly trumps the other kinds of knowledge that business needs. Firms also seek to take control of public knowledge and use it for their own ends, often at the cost of other stakeholders in society. Meanwhile the transfer of similar practices to professional public services undermines professional skills and ethics - especially when these services are out-sourced to the private sector. Attempts to extricate ourselves from these problems involve reshaping the complex and often conflicting relationships among citizens, professionals, managers and financiers. This new book by one of the most incisive critics of contemporary Western societies will be of interest to a wide range of readers, from students to policy-makers and those who work in the public and private sectors.

The Strange Non-death of Neo-liberalism :

History

Author - Colin Crouch
Publisher - John Wiley & Sons
Pages - 216
ISBN - 0745637590


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Detail - 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.

Post-Democracy :

Political Science

Author - Colin Crouch
Publisher - Polity
Pages - 144
ISBN - 9780745633152


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Detail - Post-Democracy is a polemical work that goes beyond current complaints about the failings of our democracy and explores the deeper social and economic forces that account for the current malaise. Colin Crouch argues that the decline of those social classes which had made possible an active and critical mass politics has combined with the rise of global capitalism to produce a self-referential political class more concerned with forging links with wealthy business interests than with pursuing political programmes which meet the concerns of ordinary people. He shows how, in some respects, politics at the dawn of the twenty-first century returns us to a world familiar well before the start of the twentieth, when politics was a game played among elites. However, Crouch maintains that the experience of the twentieth century remains salient and it reminds us of possibilities for the revival of politics. This engaging book will prove challenging to all those who claim that advanced societies have reached a virtual best of all possible democratic worlds, and will be compelling reading for anyone interested in the shape of twenty-first-century politics.

Quiet Politics and Business Power : Corporate Control in Europe and Japan

Political Science

Author - Pepper D. Culpepper
Publisher - Cambridge University Press
Pages -
ISBN - 1139491857


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Detail - Does democracy control business, or does business control democracy? This study of how companies are bought and sold in four countries - France, Germany, Japan and the Netherlands - explores this fundamental question. It does so by examining variation in the rules of corporate control - specifically, whether hostile takeovers are allowed. Takeovers have high political stakes: they result in corporate reorganizations, layoffs and the unraveling of compromises between workers and managers. But the public rarely pays attention to issues of corporate control. As a result, political parties and legislatures are largely absent from this domain. Instead, organized managers get to make the rules, quietly drawing on their superior lobbying capacity and the deference of legislators. These tools, not campaign donations, are the true founts of managerial political influence.

The Neoliberal Paradox :

Author - Ray Kiely
Publisher - Edward Elgar Publishing
Pages - 448
ISBN - 1788114426


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Detail - This ambitious work provides a history and critique of neoliberalism, both as a body of ideas and as a political practice. It is an original and compelling contribution to the neoliberalism debate.

Never Let a Serious Crisis Go to Waste : How Neoliberalism Survived the Financial Meltdown

Political Science

Author - Philip Mirowski
Publisher - Verso Trade
Pages - 483
ISBN - 1781683026


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Detail - At the onset of the Great Recession, as house prices sank and joblessness soared, many commentators concluded that the economic convictions behind the disaster would now be consigned to history. And yet, in the harsh light of a new day, we've awoken to a second nightmare more ghastly than the first- a political class still blaming government intervention, a global drive for austerity, stagflation, and an international sovereign debt crisis. Philip Mirowski finds an apt comparison to this situation in classic studies of cognitive dissonance. He concludes that neoliberal thought has become so pervasive that any countervailing evidence serves only to further convince disciples of its ultimate truth. Once neoliberalism became a Theory of Everything, providing a revolutionary account of self, knowledge, information, markets, and government, it could no longer be falsified by anything as trifling as data from the 'real' economy.

Can Neoliberalism Be Saved from Itself? :

Author - Colin Crouch
Publisher -
Pages -
ISBN - 9781999715113


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Detail - There is increasing evidence of widespread disillusion with the major shift to neoliberal economic policies that has taken place across much of the world. In this account of neoliberalism's failings, Colin Crouch recognises some of its positive contributions but also notes conflicts within the neoliberal camp - particularly those between 'market' and 'corporate' forms of the strategy. Finally, he considers to what extent those behind the great experiment are now capable of accepting its reform.

A triumph of failed ideas: European models of capitalism in the crisis :

Capitalism

Author - Steffen Lehndorff
Publisher - ETUI
Pages - 284
ISBN - 2874522465


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Detail - The current crisis in Europe is being labelled, in mainstream media and politics, as a ‘public debt crisis’. The present book draws a markedly different picture. What is happening now is rooted, in a variety of different ways, in the destabilisation of national models of capitalism due to the predominance of neoliberalism since the demise of the post-war ‘golden age’. Ten country analyses provide insights into national ways of coping – or failing to cope – with the ongoing crisis. They reveal the extent to which the respective socio-economic development models are unsustainable, either for the country in question, or for other countries. The bottom-line of the book is twofold. First, there will be no European reform agenda at all unless each country does its own homework. Second, and equally urgent, is a new European reform agenda without which alternative approaches in individual countries will inevitably be suffocated. This message, delivered by the country chapters, is underscored by more general chapters on the prospects of trade union policy in Europe and on current austerity policies and how they interact with the new approaches to economic governance at the EU level. These insights are aimed at providing a better understanding across borders at a time when European rhetoric is being used as a smokescreen for national egoism.