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The Legitimation Crisis of Neoliberalism

The Legitimation Crisis of Neoliberalism
Author: Alessandro Bonanno
Publisher: Springer
Total Pages: 271
Release: 2017-07-06
Genre: Social Science
ISBN: 113759246X

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This book proposes a theory of the legitimation crisis of neoliberalism. Through analyses of the legitimation crisis of regulated capitalism and the characteristics and theories of neoliberalism, the author contends that neoliberalism is affected by crises of system and social integration. The crisis of system integration refers to the inability of market mechanisms to address problems of capital accumulation and social stability. The crisis of social integration refers to the unmet promises of economic growth and social well-being. While attempts to address these crises are carried out through state intervention, crisis resolutions are inadequate due to the limits of the free market system and current state forms. Alessandro Bonanno contends that, as ideological and material forms of legitimation are inadequate, and processes of capital accumulation are sluggish and resistance weak, change is necessary. He outlines how this change will be controlled by corporate actors, minimally address the demands of subordinate groups, and marginally alter existing conditions.


The Neoliberal Legitimation Crisis of 2008

The Neoliberal Legitimation Crisis of 2008
Author: Aditya (Adi) Habbu
Publisher:
Total Pages: 0
Release: 2011
Genre:
ISBN:

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This paper will discuss how the Financial Crisis of 2008 has thrown neoliberalism into a deep legitimation crisis. Over the past four decades the neoliberal ethic of Ronald Reagan and Margaret Thatcher has permeated American life both public and private. The principles of the laissez faire markets and of individual responsibility have guided most if not all national policy. Central to these principles was deregulation. As the Financial Crisis shifted into high gear, the tenants of neoliberalism, such as deregulation, became the target of considerable criticism. Section I will begin with an explanation of Jurgen Habermas's theory of the legitimation crisis. In particular, this section will discuss how an economic crisis can lead to a legitimation crisis. Section II will briefly sketch the rise of neoliberalism in America, flag the key tenants of neoliberalism, and highlight the key 'contradictions' of neoliberalism. Sections III will layout a history of the Financial Crisis and the backlash to the neoliberal position. Finally this paper will consider what the consequences of this Crisis will be for the neoliberal establishment.


The Crisis of Neoliberalism

The Crisis of Neoliberalism
Author: Gérard Duménil
Publisher: Harvard University Press
Total Pages: 400
Release: 2011
Genre: Business & Economics
ISBN: 0674049888

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This book examines “the great contraction” of 2007–2010 within the context of the neoliberal globalization that began in the early 1980s. This new phase of capitalism greatly enriched the top 5 percent of Americans, including capitalists and financial managers, but at a significant cost to the country as a whole. Declining domestic investment in manufacturing, unsustainable household debt, rising dependence on imports and financing, and the growth of a fragile and unwieldy global financial structure threaten the strength of the dollar. Unless these trends are reversed, the authors predict, the U.S. economy will face sharp decline.Summarizing a large amount of troubling data, the authors show that manufacturing has declined from 40 percent of GDP to under 10 percent in thirty years. Since consumption drives the American economy and since manufactured goods comprise the largest share of consumer purchases, clearly we will not be able to sustain the accumulating trade deficits.Rather than blame individuals, such as Greenspan or Bernanke, the authors focus on larger forces. Repairing the breach in our economy will require limits on free trade and the free international movement of capital; policies aimed at improving education, research, and infrastructure; reindustrialization; and the taxation of higher incomes.


Reading Legitimation Crisis in Tehran

Reading Legitimation Crisis in Tehran
Author: Danny Postel
Publisher: Paradigm
Total Pages: 148
Release: 2006
Genre: Philosophy
ISBN:

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The Iran depicted in the headlines is a rogue state ruled by ever-more-defiant Islamic fundamentalists. Yet inside the borders, an unheralded transformation of a wholly different political bent is occurring. A "liberal renaissance," as one Iranian thinker terms it, is emerging in Iran, and in this pamphlet, Danny Postel charts the contours of the intellectual upheaval. Reading "Legitimation Crisis" in Tehran examines the conflicted positions of the Left toward Iran since 1979, and, in particular, critically reconsiders Foucault's connection to the Iranian Revolution. Postel explores the various elements of the subtle liberal revolution and proposes a host of potential implications of this transformation for Western liberalism. He examines the appeal of Jürgen Habermas, Hannah Arendt, and Isaiah Berlin among Iranian intellectuals and ponders how their ideas appear back to us when refracted through a Persian prism. Postel closes with a thought-provoking conversation with eminent Iranian philosopher Ramin Jahanbegloo. A provocative and incisive polemic highly relevant to our times, Reading "Legitimation Crisis" in Tehran will be of interest to anyone who wants to get beyond alarmist rhetoric and truly understand contemporary Iran.


In the Ruins of Neoliberalism

In the Ruins of Neoliberalism
Author: Wendy Brown
Publisher: Columbia University Press
Total Pages: 181
Release: 2019-07-16
Genre: Philosophy
ISBN: 0231550537

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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.


The Neoliberal Regime in the Agri-Food Sector

The Neoliberal Regime in the Agri-Food Sector
Author: Steven A. Wolf
Publisher: Routledge
Total Pages: 321
Release: 2013-12-04
Genre: Business & Economics
ISBN: 1136667067

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For the last three decades, the Neoliberal regime, emphasising economic growth through deregulation, market integration, expansion of the private sector, and contraction of the welfare state has shaped production and consumption processes in agriculture and food. These institutional arrangements emerged from and advanced academic and popular beliefs about the virtues of private, market-based coordination relative to public, state-based problem solving. This book presents an informed, constructive dialogue around the thesis that the Neoliberal mode of governance has reached some institutional and material limits. Is Neoliberalism exhausted? How should we understand crisis applied to Neoliberalism? What are the opportunities and risks linked to the construction of alternatives? The book advances a critical evaluation of the evidence supporting claims of rupture of, or incursions into, the Neoliberal model. It also analyzes pragmatic responses to these critiques including policy initiatives, social mobilization and experimentation at various scales and points of entry. The book surveys and synthesizes a range of sociological frames designed to grapple with the concepts of regimes, systemic crisis and transitions. Contributions include historical analysis, comparative analysis and case studies of food and agriculture from around the globe. These highlight particular aspects of crisis and responses, including the potential for continued resilience, a neo-productivist return, as well as the emergence and scaling up of alternative models.


The Age of Crisis

The Age of Crisis
Author: Alfredo Saad-Filho
Publisher:
Total Pages: 0
Release: 2021
Genre:
ISBN: 9783030816094

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This book offers an economic analysis of the causes, development, and likely consequences of the Covid-19 pandemic for global neoliberalism. The analysis will draw upon the author's previous work on neoliberalism, and on its twin crises: the economic crisis (the Global Financial Crisis (GFC), ongoing since 2007) and, subsequently, the crisis of political democracy that has been associated with the rise of 'spectacular' authoritarian leaders in several countries. The approach is grounded on Marxist political economy. The book argues that the Covid-19 pandemic emerges out of this context of deep inequalities and crises in the economy and in politics, and it is likely to reinforce the exclusionary tendencies of neoliberalism, with detrimental implications both for economic prosperity and for democracy. In turn, the pandemic has revealed the limitations of neoliberalism like never before, with implications for the legitimacy of capitalism itself, and opening unprecedented spaces for the left. This book will be of interest to academics in economics, international relations, political science, political economy, sociology and development studies. Alfredo Saad-Filho is Professor of Political Economy and International Development at King's College, London, UK.


Neoliberalism, Management and Religion

Neoliberalism, Management and Religion
Author: Edward Wray-Bliss
Publisher: Routledge
Total Pages: 124
Release: 2021-03-31
Genre: Business ethics
ISBN: 9780367786823

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Organised around the concepts of Gods, Devils, Soul, and the Individual this book will show how these concepts are being employed in current managerial, leadership and organisation discourses.


Rethinking Higher Education and the Crisis of Legitimation in Europe

Rethinking Higher Education and the Crisis of Legitimation in Europe
Author: Ourania Filippakou
Publisher: Taylor & Francis
Total Pages: 126
Release: 2022-08-29
Genre: Education
ISBN: 1000607046

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Building on Ourania Filippakou’s previous work on higher education in the fields of governance, neoliberalism, university entrepreneurialism and marketization, institutional and social stratification, Rethinking Higher Education and the Crisis of Legitimation in Europe contributes to the debate on higher education from a critical policy perspective. Introducing new ideas on the relationships between the alleged pursuit of excellence in higher education and the ways in which both deploys and reflects how power is wielded in Europe and other neoliberal capitalist societies. The term "legitimation" is here coined to emphasize how new coercive strategies, political decisions, and management styles have emerged in the age of excellence in higher education. The book concludes with a more personal reflection on the neutrality of higher education and its illusory promises.


The Inequality Crisis

The Inequality Crisis
Author: Roger Brown
Publisher: Policy Press
Total Pages: 304
Release: 2017-09-06
Genre: Business & Economics
ISBN: 1447337581

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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.