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This book pinpoints continuities and changes in U.S. foreign economic policy from the fixed exchange rate system of the 1960s through to the period between the two oil crises of the 1970s. Chapters pay close attention to the interconnectedness between the long lasting decline of the U.S. Dollar on foreign exchange markets and the U.S. balance of payments, transformations in international capital markets, and international oil developments. The book charts the prolonged failure of Washington’s foreign economic policies to restore U.S. financial and monetary leadership through to the Carter Administration.
Imperialism after the Neoliberal Turn by Efe Can Gürcan Pdf
This book explores how imperialism has been evolving in the neoliberal era, with the aim of providing a systematic and integrative understanding of the inner dynamics and vulnerabilities of the contemporary imperialist system. Asking how it has been possible to sustain an imperialist system that fails to address the problems of unemployment, declining standards of living and globalizing conflicts, the author draws upon theoretical and empirical contributions from the current literature to further recent efforts at re-conceptualizing imperialism under the conditions of neoliberal globalization and advances a critique of the school of transnationalism in global political economy. The author puts forward that contemporary imperialism rests on a triangular structure composed of (a) economic imperialism, which is driven by a neoliberal logic of maximizing monopoly profits at massive societal costs; (b) military imperialism, which is shaped by the neoliberal transformation of the US military-industrial complex with the rise of private armies, the globalization of narcocapitalism, and the weaponization of Islamist terrorism and ethno-religious divides; and (c) cultural imperialism, which is led by the media- and nonprofit-corporate complexes, having weaponized the media and civil society in manufacturing popular consent. The book’s arguments are also extended to the current challenges of imperialism embodied in the rise of the BRICS, post-hegemonic forms of regional cooperation, and global popular resistance. As such, it will appeal to scholars of politics and sociology with interests in globalization, imperialism, capitalism, and global power.
Over the past several years scholars, activists, and analysts have begun to examine the growing divide between the wealthy and the rest of us, suggesting that the divide can be traced to the neoliberal turn. "I'm not a business man; I'm a business, man." Perhaps no better statement gets at the heart of this turn. Increasingly we're being forced to think of ourselves in entrepreneurial terms, forced to take more and more responsibility for developing our "human capital." Furthermore a range of institutions from churches to schools to entire cities have been remade, restructured to in order to perform like businesses. Finally, even political concepts like freedom, and democracy have been significantly altered. As a result we face higher levels of inequality than any other time over the last century. In Knocking the Hustle: Against the Neoliberal Turn in Black Politics, Lester K. Spence writes the first book length effort to chart the effects of this transformation on African American communities, in an attempt to revitalize the black political imagination. Rather than asking black men and women to "hustle harder" Spence criticizes the act of hustling itself as a tactic used to demobilize and disempower the communities most in need of empowerment.
Economic inequality has at last taken center stage in political discourse, but little is said to explain or to offer solutions to it. Written by an award-winning academic and policy maker, The Inequality Crisis provides a comprehensive, evenhanded survey of all the available evidence. Fully up to date with the latest developments, from Brexit to Donald Trump's election, this accessible, jargon-free introduction is international in scope and packed with eye-opening facts. In his closing chapters, Roger Brown evaluates whether current UK government policies will actually help reduce inequality and offers practical suggestions relevant the world over, including raising taxes on higher earners, implementing tougher action against tax dodgers, helping people on lower incomes to save, and reducing inequalities in education.
Remembering the Neoliberal Turn by Veronika Pehe,Joanna Wawrzyniak Pdf
"This book discusses how societies, groups and individuals remember and make sense of global neoliberal change in Eastern Europe. Such an investigation is all the more timely as the 1990s are increasingly looked to for answers explaining the populist and nationalist turn across the globe. The volume shows how the key processes that impacted many lives across the social spectrum in Eastern Europe, such as deindustrialization, privatization, restitution and abrupt social reorganization, are collectively remembered across society today and how memory narratives of the 1990s contribute to current identities and political climate. This volume establishes the memory of economic transformation as a research focus in its own right. It investigates different levels of memory, from the national through the local to the cultural, analysing key myths of the transformation, giving special recognition to the social space and vernacular memories of the transformation period, and reflecting on how the changes of the 1990s are mediated in cultural representations. Given the book's interdisciplinary scope that covers several fields, it will prove of interest to those working in memory studies, contemporary history, sociology, East European area studies, and literary and film studies. It will also serve as a significant point of reference for those researching the interdisciplinary and rapidly expanding field of transformation studies and thus is an invaluable source across different fields of study"--
Remembering the Neoliberal Turn by Veronika Pehe,Joanna Wawrzyniak Pdf
This book discusses how societies, groups and individuals remember and make sense of global neoliberal change in Eastern Europe. Such an investigation is all the more timely as the 1990s are increasingly looked to for answers explaining the populist and nationalist turn across the globe. The volume shows how the key processes that impacted many lives across the social spectrum in Eastern Europe, such as deindustrialization, privatization, restitution and abrupt social reorganization, are collectively remembered across society today and how memory narratives of the 1990s contribute to current identities and political climate. This volume establishes the memory of economic transformation as a research focus in its own right. It investigates different levels of memory, from the national through the local to the cultural, analysing key myths of the transformation, giving special recognition to the social space and vernacular memories of the transformation period and reflecting on how the changes of the 1990s are mediated in cultural representations. Given the book’s interdisciplinary scope that covers several fields, it will prove to be of interest to those working in memory studies, contemporary history, sociology, East European area studies and literary and film studies. It will also serve as a significant point of reference for those researching the interdisciplinary and rapidly expanding field of transformation studies and thus is an invaluable source across different fields.
A Brief History of Neoliberalism by David Harvey Pdf
Neoliberalism - the doctrine that market exchange is an ethic in itself, capable of acting as a guide for all human action - has become dominant in both thought and practice throughout much of the world since 1970 or so. Its spread has depended upon a reconstitution of state powers such that privatization, finance, and market processes are emphasized. State interventions in the economy are minimized, while the obligations of the state to provide for the welfare of its citizens are diminished. David Harvey, author of 'The New Imperialism' and 'The Condition of Postmodernity', here tells the political-economic story of where neoliberalization came from and how it proliferated on the world stage. While Thatcher and Reagan are often cited as primary authors of this neoliberal turn, Harvey shows how a complex of forces, from Chile to China and from New York City to Mexico City, have also played their part. In addition he explores the continuities and contrasts between neoliberalism of the Clinton sort and the recent turn towards neoconservative imperialism of George W. Bush. Finally, through critical engagement with this history, Harvey constructs a framework not only for analyzing the political and economic dangers that now surround us, but also for assessing the prospects for the more socially just alternatives being advocated by many oppositional movements.
How free-market fundamentalists have shifted the focus of higher education to competition, metrics, consumer demand, and return on investment, and why we should change this. A new philosophy of higher education has taken hold in institutions around the world. Its supporters disavow the pursuit of knowledge for its own sake and argue that the only knowledge worth pursuing is that with more or less immediate market value. Every other kind of learning is downgraded, its budget cut. In Knowledge for Sale, Lawrence Busch challenges this market-driven approach. The rationale for the current thinking, Busch explains, comes from neoliberal economics, which calls for reorganizing society around the needs of the market. The market-influenced changes to higher education include shifting the cost of education from the state to the individual, turning education from a public good to a private good subject to consumer demand; redefining higher education as a search for the highest-paying job; and turning scholarly research into a competition based on metrics including number of citations and value of grants. Students, administrators, and scholars have begun to think of themselves as economic actors rather than seekers of knowledge. Arguing for active resistance to this takeover, Busch urges us to burst the neoliberal bubble, to imagine a future not dictated by the market, a future in which there is a more educated citizenry and in which the old dichotomies—market and state, nature and culture, and equality and liberty—break down. In this future, universities value learning and not training, scholarship grapples with society's most pressing problems rather than quick fixes for corporate interests, and democracy is enriched by its educated and engaged citizens.
Neoliberal policy approaches have swept over the American political economy in recent decades. In Framing Inequality, Matt Guardino focuses on the power of corporate news media in shaping how the public understands the pivotal policy debates of this period. Drawing on a wide range of empirical evidence from the dawn of the Reagan era into the Trump administration, he explains how profit pressures and commercial imperatives in the media have narrowed and trivialized news coverage and influenced public attitudes in the process. Guardino highlights how the political-economic structure of mainstream media operates to magnify some political messages and to mute or shut out others. He contends that news framing of policies that contribute to economic inequality has been unequal, and that this has undermined Americans' opportunities to express their views on an equal basis. Framing Inequality is a unique study that offers critical understanding of not only how neoliberalism succeeded as a political project, but also how Americans might begin to build a more democratic and egalitarian media system.
A Research Agenda for Neoliberalism by Kean Birch Pdf
With an ever-expanding variety of perspectives on the concept of neoliberalism, it is increasingly difficult to identify any commonalities. This book explores how different people understand neoliberalism, and the contradictions in thinking of neoliberalism as a market-based ethic, project, or order. Detailing the intellectual history of ‘neoliberal’ thought, the variety of critical approaches and the many analytical ambiguities, Kean Birch presents a new way to conceptualize contemporary political economy and offers potential avenues for future research through a judicious exploration of ‘neoliberal’ practices, processes, and institutions.
Across the West, hard-right leaders are surging to power on platforms of ethno-economic nationalism, Christianity, and traditional family values. Is this phenomenon the end of neoliberalism or its monstrous offspring? In the Ruins of Neoliberalism casts the hard-right turn as animated by socioeconomically aggrieved white working- and middle-class populations but contoured by neoliberalism’s multipronged assault on democratic values. From its inception, neoliberalism flirted with authoritarian liberalism as it warred against robust democracy. It repelled social-justice claims through appeals to market freedom and morality. It sought to de-democratize the state, economy, and society and re-secure the patriarchal family. In key works of the founding neoliberal intellectuals, Wendy Brown traces the ambition to replace democratic orders with ones disciplined by markets and traditional morality and democratic states with technocratic ones. Yet plutocracy, white supremacy, politicized mass affect, indifference to truth, and extreme social disinhibition were no part of the neoliberal vision. Brown theorizes their unintentional spurring by neoliberal reason, from its attack on the value of society and its fetish of individual freedom to its legitimation of inequality. Above all, she argues, neoliberalism’s intensification of nihilism coupled with its accidental wounding of white male supremacy generates an apocalyptic populism willing to destroy the world rather than endure a future in which this supremacy disappears.
Neoliberalism: A Very Short Introduction by Manfred B. Steger,Ravi K. Roy Pdf
In its heyday in the late 1990s, neoliberalism emerged as the world's dominant economic paradigm. But the global financial crisis of 2008-9 fundamentally shocked a globalized economy built on neoliberal assumptions. This VSI examines the origins, core claims, and considerable variations of neoliberalism with examples from around the world.
The attempt to reduce the role of the state in the market through tax cuts, decreases in social spending, deregulation, and privatization—“neoliberalism”—took root in the United States under Ronald Reagan and in Britain under Margaret Thatcher. But why did neoliberal policies gain such prominence in these two countries and not in similarly industrialized Western countries such as France and Germany? In The Politics of Free Markets, a comparative-historical analysis of the development of neoliberal policies in these four countries,Monica Prasad argues that neoliberalism was made possible in the United States and Britain not because the Left in these countries was too weak, but because it was in some respects too strong. At the time of the oil crisis in the 1970s, American and British tax policies were more punitive to business and the wealthy than the tax policies of France and West Germany; American and British industrial policies were more adversarial to business in key domains; and while the British welfare state was the most redistributive of the four, the French welfare state was the least redistributive. Prasad shows that these adversarial structures in the United States and Britain created opportunities for politicians to find and mobilize dissatisfaction with the status quo, while the more progrowth policies of France and West Germany prevented politicians of the Right from anchoring neoliberalism in electoral dissatisfaction.
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.