The Strange Non-death of Neo-liberalism

by Crouch, Colin

• ISBN13: 9780745651200
• ISBN10: 0745651208
• Edition: 1st
• Format: Hardcover
• Copyright: 2011-08-08
• Publisher: Polity

Summary

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 #x18;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.

Author Biography

Colin Crouch is Professor of Governance and Public Management at Warwick Business School

Table of Contents

Acknowledgements	p. vi
Preface	p. vii
About this Book	p. xi
The Previous Career of Neoliberalism	p. 1
The Market and Its Limitations	p. 24
The Corporate Takeover of the Market	p. 49
Private Firms and Public Business	p. 71
Privatized Keynesianism: Debt in Place of Discipline	p. 97
From Corporate Political Entanglement to Corporate Social Responsibility	p. 125
Values and Civil Society	p. 144
What's Left of What's Right?	p. 162
References	p. 181
Further Reading	p. 184
Index	p. 187
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