Abstract
This chapter begins with a critical analysis of the ordo-liberal and neoliberal intellectual traditions. It shows how this neoliberal mindworld gave shape to early efforts at economic and monetary integration. It also explains that the neoliberal project – to re-structure European social relations in favour of capital and insulate policymaking from democratic pressures – was incomplete at the time of the global financial crisis in 2007.
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Notes
Indeed, as Brenner and Theodore–amongst others–have argued, the very conception of Anglo-American neoliberalism as reflective of a laissez-faire economic doctrine is misleading, since though it operates under the rubric of ‘free markets liberated from state interference’, in practice it entails ‘a dramatic intensification of coercive, disciplinary forms of state intervention to impose market rule upon all aspects of social life’ (Brenner and Theodore, 2002, p.5).
Gros and Thygensen had noted, for example, the concerns of German Chancellor Schmidt over compromises between the Italian ruling class and the communist party (Gros and Thygensen, 1992, p.35).
That is, countries that qualified for structural support from EU funds so as to speed up their convergence to EU per-capita income levels.
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© 2013 Asoka Bandarage
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Bandarage, A. (2013). Environmental, Social, and Economic Collapse. In: Sustainability and Well-Being: The Middle Path to Environment, Society, and the Economy. Palgrave Pivot, London. https://doi.org/10.1057/9781137308993_2
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DOI: https://doi.org/10.1057/9781137308993_2
Publisher Name: Palgrave Pivot, London
Print ISBN: 978-1-349-45624-6
Online ISBN: 978-1-137-30899-3
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