BOOK
The Rise and Fall of Neoliberalism
Tony Bebbington | Doctor Paul Chatterton | Doctor Paul Routledge | Doctor Adam Swain | Adam Tickell | Doctor David Tyfield | Elisa van Waeyenberge | Doctor Ben Fine | Doctor David Miller | Jean Shaoul | Shaun French | Leonith Hinojosa | Professor Bob Jessop | Larry Lohmann | Julie MacLeavy | Doctor Kean Birch | Doctor Vlad Mykhnenko
(2010)
Additional Information
Book Details
Abstract
The recent, devastating and ongoing economic crisis has exposed the faultlines in the dominant neoliberal economic order, opening debate for the first time in years on alternative visions that do not subscribe to a ‘free’ market ethic.
Bringing together the work of distinguished scholars and dedicated activists, The Rise and Fall of Neoliberalism presents critical perspectives of neoliberal policies, questions the ideas underpinning neoliberalism, and explores diverse responses to it from around the world.
'This book provides useful intellectual tools for deciphering the ideological, social and institutional foundations of neoliberalism and its wide-ranging implications for the still ongoing regulatory reorganization of capitalism.'
Neil Brenner, New York University
'This is an outstanding book not only because of the sophisticated critiques offered by some of the most highly regarded thinkers on the topic of the destruction and misery wrought through neoliberal capitalism, but also because its forward looking emphasis on a more egalitarian and hopeful future offers insights about the work that needs to be done by activists and scholars alike.'
Nik Heynen, University of Georgia
'This timely and wide ranging book traces the changing contours of neoliberalism, demonstrating how market-oriented policies gave rise to a globally hegemonic political-economic project. The emphasis is on identifying the different forms neoliberalism takes and the diverse responses to it.'
Wendy Larner, University of Bristol
'A timely volume on the nature, varied manifestations, and above all limitations of a an economic order that is failing so spectacularly with the financial crisis. Highly recommended for academics, students, or for that matter anyone interested in the politics of our times.'
Magnus Ryner, Oxford Brookes University.
Kean Birch is a lecturer in the Department of Geography and Sociology at the University of Strathclyde. Previously he was a research fellow in the Centre for Public Policy for Regions at the University of Glasgow. His main research interests concern the social and geographical basis of different economies and especially the implications that new knowledge, science and technologies have for these economies. He teaches courses on globalisation, neoliberalism and knowledge-based economies.
Vlad Mykhnenko is a research fellow in the Department of Geography at the University of Nottingham. Previously he was a research fellow in the Centre for Public Policy for Regions at the University of Glasgow.
Table of Contents
Section Title | Page | Action | Price |
---|---|---|---|
About the Editors | ii | ||
Acknowledgements | vii | ||
About the Contributors | viii | ||
INTRODUCTION • A World Turned Right Way Up | 1 | ||
The Ideological and Historical Origins of Neoliberalism | 2 | ||
Waves (and Waves) of Neoliberalism | 5 | ||
Varieties of Neoliberalization: Poor Results and Divergent Trajectories | 8 | ||
Financialization and the New Neoliberal Order | 12 | ||
Conclusion: Collapse of the Global Neoliberal Economic Order? | 14 | ||
References | 17 | ||
PART ONE • THE RISE OF NEOLIBERALISM | 21 | ||
1 How Neoliberalism Got Where It Is: Elite Planning, Corporate Lobbying and the Release of the Free Market | 23 | ||
Putting the Architecture in Place | 25 | ||
Elite Planning and the Rise of Thatcherism in Britain | 26 | ||
Global Elite Planning | 33 | ||
Conclusion: the Battle of Ideas | 37 | ||
References | 40 | ||
2 Making Neoliberal Order in the United States | 42 | ||
The Politics of Neoliberalism: the Rise of the Conservative Movement | 44 | ||
Making the Neoliberal-Conservative Order | 48 | ||
Conclusion | 56 | ||
References | 58 | ||
3 Neoliberalism, Intellectual Property and the Global Knowledge Economy | 60 | ||
Neoliberalism and the Primitive Accumulation of Knowledge Production | 60 | ||
What is TRIPs? Effects and Significance | 64 | ||
The US Life Sciences Patent Coalition | 67 | ||
Conclusion: Post-TRIPs Developments and the Current Crisis | 72 | ||
Notes | 74 | ||
References | 75 | ||
4 Neoliberalism and the Calculable World: the Rise of Carbon Trading | 77 | ||
What is Carbon Trading? | 78 | ||
Box 4.1 Carbon Market Construction in Brief | 79 | ||
Disembedding and Re-embedding: a Second Stage | 82 | ||
Finance and Securitization | 87 | ||
Conclusion | 89 | ||
References | 91 | ||
5 Tightening the Web: the World Bank and Enforced Policy Reform | 94 | ||
From Structural Adjustment to Performance-Based Aid | 95 | ||
Inside Performance-Based Aid (PBA) | 97 | ||
Box 5.1: CPIA Criteria | 97 | ||
Beyond the Washington Consensus in World Bank Aid Policies? | 99 | ||
Tightening the Web: the World Bank and Knowledge | 103 | ||
Conclusion | 106 | ||
Notes | 107 | ||
References | 108 | ||
6 The Corruption Industry and Transition: Neoliberalizing Post-Soviet Space? | 112 | ||
Neoliberalism in Crisis: Elephant in the Room or Apparition? | 114 | ||
The Post-Soviet ‘Corruption Industry’ | 117 | ||
Figure 6.1. Academic journal publications on the topics of corruption, rent seeking and neoliberalism | 118 | ||
Figure 6.2. Academic journal publications on the topic of corruptionin post-communist transition states | 121 | ||
Table 6.1. Corruption and corruption-related indexes and benchmarks of post-Soviet countries | 122 | ||
Figure 6.3. Transparency International Corruption Perception Index, 2008 | 124 | ||
Conclusion: Neoliberalism and Corruption | 127 | ||
Acknowledgements | 129 | ||
References | 129 | ||
7 Remaking the Welfare State: from Safety Net to Trampoline | 133 | ||
The Decline of the Post-War Welfare State | 134 | ||
Neoliberalism and the Workfare State: Key Features | 136 | ||
Repositioning Workfare | 139 | ||
Conclusion | 147 | ||
Note | 148 | ||
References | 148 | ||
PART TWO • THE FALL OF NEOLIBERALISM | 151 | ||
8 Zombieconomics: the Living Death of the Dismal Science | 153 | ||
From Marginalist to Formalist Revolution | 154 | ||
From Formalist to Keynesian Revolution | 157 | ||
From Keynesian Revolution to Monetarist Counter-Revolution | 161 | ||
From Monetarist Counter-Revolution to Zombieconomics | 164 | ||
Conclusion | 167 | ||
Notes | 169 | ||
References | 169 | ||
9 From Hegemony to Crisis? The Continuing Ecological Dominance of Neoliberalism | 171 | ||
A Typology of Efforts at Neoliberalization | 172 | ||
Neoliberalism and Economic Determination | 175 | ||
Table 9.1. Factors relevant to ecological dominance in the relations among societal systems | 178 | ||
How Neoliberal Globalization Favoured Capital’s Ecological Dominance | 181 | ||
Conclusions | 185 | ||
Note | 186 | ||
References | 186 | ||
10 Do It Yourself: a Politics for Changing our World | 188 | ||
The (Re)birth of a New Kind of Politics | 188 | ||
DIY politics | 190 | ||
Detours in DIY Politics: Autonomous Social Centres in the UK | 191 | ||
Seven Principles for a Politics to Change our World | 193 | ||
Conclusion: from the Ashes of the Crash | 202 | ||
Notes | 203 | ||
References | 203 | ||
11 Dreaming the Real: a Politics of Ethical Spectacles | 206 | ||
Introduction: Manufacturing Dissent | 206 | ||
Sites of Intervention: Cultural Activism | 207 | ||
Dreaming the Real | 209 | ||
The Clandestine Insurgent Rebel Clown Army | 211 | ||
Figure 11.1: CIRCA help out with security at Faslane nuclear submarine base, Scotland, July 2005 | 212 | ||
Figure 11.2: CIRCA at the Make Poverty History: Shut Down the G8 Demonstration, Edinburgh, Scotland, July 2005 | 213 | ||
Conclusion: Ethical Spectacles and Full Spectrum Resistance | 218 | ||
Notes | 220 | ||
References | 220 | ||
12 Transnational Companies and Transnational Civil Society | 222 | ||
Neoliberal Policies and Mining as a State Financial Strategy | 224 | ||
Neoliberal Mining Expansion, Social Conflict and Civil Society Organizations | 226 | ||
Mining and Socio-environmental Conflicts in the Andes | 228 | ||
Conclusion | 234 | ||
Acknowledgements | 237 | ||
Notes | 237 | ||
References | 237 | ||
13 Defeating Neoliberalism: a Marxist Internationalist Perspective and Programme | 239 | ||
Neoliberalism: a Response to Developments within the Economic System | 241 | ||
Financialization: the New Mode of Capital Accumulation | 243 | ||
The Financial and Economic Crisis of Neoliberalism | 248 | ||
Defeating Global Capitalism: Challenges and Lessons | 249 | ||
The Way Forward | 252 | ||
References | 253 | ||
CONCLUSION • The End of an Economic Order? | 255 | ||
The Beginning of the End for Neoliberal Ideology. . . | 255 | ||
. . . and Western Hegemony | 257 | ||
Picking through Neoliberal Wreckage: towards a New ‘Old Morals Capitalism’? | 260 | ||
References | 263 | ||
Index | 269 |