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The Left Hand of Capital

The Left Hand of Capital
Author: Fernando Ignacio Leiva
Publisher: State University of New York Press
Total Pages: 307
Release: 2021-07-01
Genre: Political Science
ISBN: 1438483627

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In The Left Hand of Capital, Fernando Ignacio Leiva provides a theoretically grounded analysis of the last thirty years of socioeconomic policies in Chile, beginning at the end of the Pinochet military regime in 1990. He skillfully probes how innovative center-left politico-economic initiatives transformed the state's relationships with the country's urban poor, indigenous peoples, workers, students, and business elites, thereby contributing to institutionalize, legitimize, and renew Chile's neoliberal system of domination. Leiva documents how such politics, progressive in appearance, were pivotal in forging new arts of domestication, "participatory" social control mechanisms, and commodified subjectivities. This landmark book guides us into a deeper awareness about the limitations of center-left politics, not only in Chile, but elsewhere in the Americas and Western Europe as well. At a time when far-right movements seem to be growing in the Global South, Europe, and the United States, this book offers valuable insights into the predicament of social democracy and how, as in Chile and in the context of global neoliberalism, it can become the "left hand of capital."


Neoliberal Resilience

Neoliberal Resilience
Author: Aldo Madariaga
Publisher: Princeton University Press
Total Pages: 368
Release: 2020-09
Genre: Business & Economics
ISBN: 0691182590

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The puzzling resilience of neoliberalism -- Explaining the resilience of neoliberalism -- Neoliberal policies and supporting actors -- Neoliberal resilience and the crafting of social blocs -- Creating support : privatization and business power -- Blocking opposition : political representation and limited democracy -- Locking-in neoliberalism : independent central banks and fiscal spending rules -- Lessons. Neoliberal resilience and the future of democracy.


Authoritarianism and the Elite Origins of Democracy

Authoritarianism and the Elite Origins of Democracy
Author: Michael Albertus
Publisher: Cambridge University Press
Total Pages: 326
Release: 2018-01-25
Genre: Political Science
ISBN: 110819642X

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This book argues that - in terms of institutional design, the allocation of power and privilege, and the lived experiences of citizens - democracy often does not restart the political game after displacing authoritarianism. Democratic institutions are frequently designed by the outgoing authoritarian regime to shield incumbent elites from the rule of law and give them an unfair advantage over politics and the economy after democratization. Authoritarianism and the Elite Origins of Democracy systematically documents and analyzes the constitutional tools that outgoing authoritarian elites use to accomplish these ends, such as electoral system design, legislative appointments, federalism, legal immunities, constitutional tribunal design, and supermajority thresholds for change. The study provides wide-ranging evidence for these claims using data that spans the globe and dates from 1800 to the present. Albertus and Menaldo also conduct detailed case studies of Chile and Sweden. In doing so, they explain why some democracies successfully overhaul their elite-biased constitutions for more egalitarian social contracts.


Markets in the Name of Socialism

Markets in the Name of Socialism
Author: Johanna Bockman
Publisher: Stanford University Press
Total Pages: 556
Release: 2011-07-26
Genre: Business & Economics
ISBN: 0804778965

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The worldwide spread of neoliberalism has transformed economies, polities, and societies everywhere. In conventional accounts, American and Western European economists, such as Milton Friedman and Friedrich von Hayek, sold neoliberalism by popularizing their free-market ideas and radical criticisms of the state. Rather than focusing on the agency of a few prominent, conservative economists, Markets in the Name of Socialism reveals a dialogue among many economists on both sides of the Iron Curtain about democracy, socialism, and markets. These discussions led to the transformations of 1989 and, unintentionally, the rise of neoliberalism. This book takes a truly transnational look at economists' professional outlook over 100 years across the capitalist West and the socialist East. Clearly translating complicated economic ideas and neoliberal theories, it presents a significant reinterpretation of Cold War history, the fall of communism, and the rise of today's dominant economic ideology.


Victims of the Chilean Miracle

Victims of the Chilean Miracle
Author: Peter Winn
Publisher: Duke University Press
Total Pages: 443
Release: 2004-07-20
Genre: History
ISBN: 0822385856

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Chile was the first major Latin American nation to carry out a complete neoliberal transformation. Its policies—encouraging foreign investment, privatizing public sector companies and services, lowering trade barriers, reducing the size of the state, and embracing the market as a regulator of both the economy and society—produced an economic boom that some have hailed as a “miracle” to be emulated by other Latin American countries. But how have Chile’s millions of workers, whose hard labor and long hours have made the miracle possible, fared under this program? Through empirically grounded historical case studies, this volume examines the human underside of the Chilean economy over the past three decades, delineating the harsh inequities that persist in spite of growth, low inflation, and some decrease in poverty and unemployment. Implemented in the 1970s at the point of the bayonet and in the shadow of the torture chamber, the neoliberal policies of Augusto Pinochet’s dictatorship reversed many of the gains in wages, benefits, and working conditions that Chile’s workers had won during decades of struggle and triggered a severe economic crisis. Later refined and softened, Pinochet’s neoliberal model began, finally, to promote economic growth in the mid-1980s, and it was maintained by the center-left governments that followed the restoration of democracy in 1990. Yet, despite significant increases in worker productivity, real wages stagnated, the expected restoration of labor rights faltered, and gaps in income distribution continued to widen. To shed light on this history and these ongoing problems, the contributors look at industries long part of the Chilean economy—including textiles and copper—and industries that have expanded more recently—including fishing, forestry, and agriculture. They not only show how neoliberalism has affected Chile’s labor force in general but also how it has damaged the environment and imposed special burdens on women. Painting a sobering picture of the two Chiles—one increasingly rich, the other still mired in poverty—these essays suggest that the Chilean miracle may not be as miraculous as it seems. Contributors. Paul Drake Volker Frank Thomas Klubock Rachel Schurman Joel Stillerman Heidi Tinsman Peter Winn


Chile and the Neoliberal Trap

Chile and the Neoliberal Trap
Author: Andrés Solimano
Publisher: Cambridge University Press
Total Pages: 183
Release: 2012-04-30
Genre: Business & Economics
ISBN: 1107003547

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This book analyzes Chile's political economy and its attempt to build a market society in a highly inegalitarian country.


From Extractivism to Sustainability

From Extractivism to Sustainability
Author: Henry Veltmeyer
Publisher: Taylor & Francis
Total Pages: 329
Release: 2023-03-02
Genre: Business & Economics
ISBN: 100084837X

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This book investigates how extractive capitalism has developed over the past three decades, what dynamics of resistance have been deployed to combat it, and whether extractivism can ever be transformed into being a part of a progressive development path. It was not until the 20th century that the extraction of natural resources and raw materials took on a decidedly capitalist form, with the global north extracting primary commodities from the global south as a means of capital accumulation. This book investigates whether extractivism, despite its well-documented negative and destructive socioenvironmental impacts and the powerful forces of resistance that it has generated, could ever be transformed into a sustainable post-development strategy. Drawing on diverse sectoral forms of extractivism (mining, fossil fuels, agriculture), this book analyses the dynamics of both the forces of resistance generated by the advance of extractive capital and alternate scenarios for a more sustainable and liveable future. The book draws particularly on the Latin American experience, where both the propensity of capitalism towards crisis and the development of resistance dynamics to ‘extractive’ capital have had their greatest impact in the neoliberal era. This book will be of interest to researchers and students across development studies, economics, political economy, environmental studies, Indigenous studies, and Latin American affairs.


The Left Case Against the EU

The Left Case Against the EU
Author: Costas Lapavitsas
Publisher: John Wiley & Sons
Total Pages: 160
Release: 2018-12-05
Genre: Political Science
ISBN: 1509531084

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Many on the Left see the European Union as a fundamentally benign project with the potential to underpin ever greater cooperation and progress. If it has drifted rightward, the answer is to fight for reform from within. In this iconoclastic polemic, economist Costas Lapavitsas demolishes this view. He contends that the EU’s response to the Eurozone crisis represents the ultimate transformation of the union into a neoliberal citadel that institutionally embeds austerity, privatization, and wage cuts. Concurrently, the rise of German hegemony has divided the EU into an unstable core and dependent peripheries. These related developments make the EU impervious to meaningful reform. The solution is therefore a direct challenge to the EU project that stresses popular and national sovereignty as preconditions for true internationalist socialism. Lapavitsas’s powerful manifesto for a left opposition to the EU upends the wishful thinking that often characterizes the debate and will be a challenging read for all on the Left interested in the future of Europe.


Pinochet's Economists

Pinochet's Economists
Author: Juan Gabriel Valdes
Publisher: Cambridge University Press
Total Pages: 358
Release: 1995-08-17
Genre: Business & Economics
ISBN: 9780521451468

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This book tells the extraordinary story of the Pinochet regime's economists, known as the "Chicago Boys". It explores the roots of their ideas and their sense of mission, following their training as economists at the Department of Economics at the University of Chicago. After their return to Chile, the "Chicago Boys" took advantage of the opportunity afforded them by the 1973 military coup to launch the first radical free market strategy implemented in a developing country. The ideological strength of their mission and the military authoritarianism of General Pinochet combined to transform an economy that, following the return to democracy, has stabilized and is now seen as a model for Latin America. This book, written by a political scientist, examines the neo-liberal economists and their perspective on the market. It also narrates the history of the transfer of ideas from the industrialized world to a developing country, which will be of particular interest to economists.


Generation Left

Generation Left
Author: Keir Milburn
Publisher: John Wiley & Sons
Total Pages: 79
Release: 2019-06-07
Genre: Philosophy
ISBN: 1509532269

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Increasingly age appears to be the key dividing line in contemporary politics. Young people across the globe are embracing left-wing ideas and supporting figures such as Corbyn and Sanders. Where has this ‘Generation Left’ come from? How can it change the world? This compelling book by Keir Milburn traces the story of Generation Left. Emerging in the aftermath of the 2008 financial crash, it has now entered the electoral arena and found itself vying for dominance with ageing right-leaning voters and a ‘Third Way’ political elite unable to accept the new realities. By offering a new concept of political generations, Milburn unveils the ideas, attitudes and direction of Generation Left and explains how the age gap can be bridged by reinventing youth and adulthood. This book is essential reading for anyone, young or old, who is interested in addressing the multiple crises of our time.