The Strange Non-Death of Neoliberalism

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The Strange Non-Death of Neoliberalism

Colin Crouch¹, Colin Crouch²•Institutions (2)

University of Warwick¹, Max Planck Society²

08 Aug 2011-

TL;DR: The authors argue that the dominance over public life of the giant corporation has been intensified by the recent financial crisis and acceptance that certain financial corporations are 'too big to fail'. But they do not consider the impact of the corporation on both the market and the state.

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Abstract: 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 '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. -- Back cover.

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Journal Article•DOI•

Making sense of financialization

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Natascha van der Zwan¹•Institutions (1)

University of Amsterdam¹

01 Jan 2014-Socio-economic Review

TL;DR: In this paper, the authors evaluate the insights of more than a decade of scholarship on financialization and argue that a deeper understanding of financialization will lead to a better understanding of organized interests, the politics of the welfare state, and processes of institutional change.

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Abstract: Since the early 2000s, scholars from a variety of disciplines have used the concept of financialization to describe a host of structural changes in the advanced political economies. Studies of financialization interrogate how an increasingly autonomous realm of global finance has altered the underlying logics of the industrial economy and the inner workings of democratic society. This paper evaluates the insights of more than a decade of scholarship on financialization. Three approaches will be discussed: the emergence of a new regime of accumulation, the ascendency of the shareholder value orientation and the financialization of everyday life. It is argued that a deeper understanding of financialization will lead to a better understanding of organized interests, the politics of the welfare state, and processes of institutional change.

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893 citations

Journal Article•DOI•

The Rise of Authoritarian Neoliberalism

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Ian Bruff

02 Jan 2014-Rethinking Marxism

TL;DR: The authors argues that we are witnessing the rise of authoritarian neoliberalism, which is rooted in the reconfiguring of the state into a less democratic entity through constitutional and legal changes that seek to insulate it from social and political conflict.

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Abstract: This article returns to Marxist commentaries during a previous period characterized by profound contradictions and conflict—especially the writings of Nicos Poulantzas and Stuart Hall on authoritarian statism/populism from the late 1970s to the 1980s—in order to make sense of the present era. The article argues that we are witnessing the rise of authoritarian neoliberalism, which is rooted in the reconfiguring of the state into a less democratic entity through constitutional and legal changes that seek to insulate it from social and political conflict. The apparent strengthening of the state simultaneously entails its growing fragility, for it is becoming an increasingly direct target of a range of popular struggles, demands, and discontent by way of the pressures emanating from this strengthening. A primary reference point for the article is a notable casualty of the post-2007 crisis, European social democracy, but the implications for radical politics more broadly are also considered.

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433 citations

Cites background from "The Strange Non-Death of Neoliberal..."

...As Jamie Peck (2010a, 7–8) notes, “Even after decades of neoliberal reconstruction, it is remarkable how many present-day policy failures are still being tagged to intransigent unions, to invasive regulation, to inept bureaucrats, and to scaremongering advocacy groups.”...
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...Instead, we ought to acknowledge that the ideas that started to circulate from the late 1930s onward in the Mont Pelerin Society1 and elsewhere were both “framed by the distinctively post-laissez-faire question of appropriate forms and fields of state intervention in the socioeconomic sphere” and also “from the beginning preoccupied with the necessary evils of governmental rule” (Peck 2008, 7)....
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...…by the current period of “permanent austerity,” with a “living dead” neoliberalism—intellectually discredited yet apparently immovable due to the absence of “feasible” alternatives—possibly emerging as a stronger and more implacable force than before 2007 (see Peck 2010b, Crouch 2011, Hay 2011)....
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...Peck, J. 2008....
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...This echoes other more global commentaries on the potentially negative ramifications for progressive politics produced by the current period of “permanent austerity,” with a “living dead” neoliberalism—intellectually discredited yet apparently immovable due to the absence of “feasible” alternatives—possibly emerging as a stronger and more implacable force than before 2007 (see Peck 2010b, Crouch 2011, Hay 2011)....
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The rise of coworking spaces: a literature review

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Alessandro Gandini

28 Feb 2015

TL;DR: In this article, a literature review addresses the diffusion of coworking spaces and the extent to which knowledge workers are encouraged in finding new ways to live a nomadic and precarious worklife in this fragmented professional context.

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Abstract: How has the aftermath of the global economic crisis transformed the practices and meanings of work in the knowledge economy? Current literature suggests that nonstandard forms of employment have become commonplace within a highly individualised labour market in which urban professionals work as a casualised, project-based and freelance workforce (Cappelli and Keller, 2013; Osnowitz, 2010). This raises the question of the extent to which knowledge workers are encouraged in finding new ways to live a nomadic and precarious worklife in this fragmented professional context. This literature review addresses one of the most interesting phenomena to recently emerge: the diffusion of coworking spaces.

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277 citations

Cites background from "The Strange Non-Death of Neoliberal..."

...…idea of the ‘creative class’, the reiteration of which would configure not merely a new ‘bubble’ in the knowledge economy – rather, a surprising survival of the neoliberal age (Crouch, 2011). references Arvidsson, A. (2014) ‘Public brands and the entrepreneurial ethics’, ephemera, 14(1): 119-124....
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...The coworking movement does not benefit from a ‘buzz’ that resembles the blind celebratory framework which used to relate to the idea of the ‘creative class’, the reiteration of which would configure not merely a new ‘bubble’ in the knowledge economy – rather, a surprising survival of the neoliberal age (Crouch, 2011)....
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Journal Article•DOI•

Will vs. Reason: The Populist and Technocratic Forms of Political Representation and Their Critique to Party Government

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Daniele Caramani¹•Institutions (1)

University of Zurich¹

01 Feb 2017-American Political Science Review

TL;DR: In this paper, the authors compare analytically populism and technocratic as alternative forms of political representation to party government, and highlight their differences, arguing that both are based on a unitary, nonpluralist, unmediated, and unaccountable vision of society's general interest.

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Abstract: The article compares analytically populism and technocracy as alternative forms of political representation to party government. It argues that populist and technocratic principles of representation challenge fundamental features of party democracy. The two alternative forms of representation are addressed theoretically from the perspective of political representation. First, the article identifies the commonalities between the two forms of representation: both populism and technocracy are based on a unitary, nonpluralist, unmediated, and unaccountable vision of society's general interest. Second, it highlights their differences. Technocracy stresses responsibility and requires voters to entrust authority to experts who identify the general interest from rational speculation. Populism stresses responsiveness and requires voters to delegate authority to leaders who equate the general interest with a putative will of the people. While the populist form of representation has received considerable attention, the technocratic one has been neglected. The article presents a more complete picture of the analytical relationship between them.

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271 citations

Journal Article•DOI•

Explaining (with) Neoliberalism

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Jamie Peck¹•Institutions (1)

University of British Columbia¹

05 Nov 2013-Territory, Politics, Governance

TL;DR: In this paper, the explanatory status of neoliberalism, before and since the global crisis of 2008, has been examined in the form of a reflection on the explanatory and political status of the ideology.

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Abstract: The paper takes the form of a reflection on the explanatory status of neoliberalism, before and since the global crisis of 2008. Prior to the crisis, political-economic conceptions of neoliberalism as a hegemonic grid and as a relatively robust regime of state-facilitated market rule were being received with growing skepticism by some poststructural critics, while some ethnographers found the accompanying conceptual tools rather too blunt for their methodological purposes. The fact, however, that the global crisis—far from marking an inauspicious end to the regime of market rule—seems to have brought about something like a redoubling of its intensity and reach has prompted a reconsideration, in some quarters, of the explanatory and political status of neoliberalism. This, in turn, has opened up some new avenues of dialog between structural and poststructural treatments of neoliberalism, and between ethnographic and political-economic approaches, while at the same time highlighting a series of cont...

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270 citations

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The Strange Non-Death of Neoliberalism

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Cites background from "The Strange Non-Death of Neoliberal..."

Cites background from "The Strange Non-Death of Neoliberal..."

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