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The Legitimation Crisis of Neoliberalism

2017-07-06 Social Science
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Release : 2017-07-06
Genre : Social Science
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Book Rating : 46X/5 ( reviews)

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Book Synopsis The Legitimation Crisis of Neoliberalism by : Alessandro Bonanno

Download or read book The Legitimation Crisis of Neoliberalism written by Alessandro Bonanno. This book was released on 2017-07-06. Available in PDF, EPUB and Kindle. Book excerpt: 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

2011
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Release : 2011
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Book Synopsis The Neoliberal Legitimation Crisis of 2008 by : Aditya (Adi) Habbu

Download or read book The Neoliberal Legitimation Crisis of 2008 written by Aditya (Adi) Habbu. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: 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

2011 Business & Economics
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Release : 2011
Genre : Business & Economics
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Book Rating : 888/5 ( reviews)

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Book Synopsis The Crisis of Neoliberalism by : Gérard Duménil

Download or read book The Crisis of Neoliberalism written by Gérard Duménil. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: 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

2006 Philosophy
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Release : 2006
Genre : Philosophy
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Book Synopsis Reading Legitimation Crisis in Tehran by : Danny Postel

Download or read book Reading Legitimation Crisis in Tehran written by Danny Postel. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: 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

2019-07-16 Philosophy
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Release : 2019-07-16
Genre : Philosophy
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Book Rating : 537/5 ( reviews)

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Book Synopsis In the Ruins of Neoliberalism by : Wendy Brown

Download or read book In the Ruins of Neoliberalism written by Wendy Brown. This book was released on 2019-07-16. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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