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Author: Lionel D. Lyles PhD.
Publisher: iUniverse
ISBN: 1532051964
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
My book demonstrates how classical liberalism was the foundation upon which Thomas Jefferson, George Washington, Alexander Hamilton, and others wrote the Declaration of Independence, Constitution, and the Bills of Rights; however, it was rolled back by 1980 and replaced with neoliberalism, which was championed by the Reagan Administration. In short, this ideology has one main aim, and that is to shrink government, cut the budgets of social programs, and give away billions of taxpayer dollars to private business in the form of tax breaks. During the Jindal administration and by the end of its first term, more than $7 billion worth of tax breaks had been given away to private business. A surplus of $1 billion left in the Louisiana treasury by outgoing governor Kathleen Blanco after Hurricane Katrina was given away by the end of the first two months of its first term. Today, the Louisiana legislature is currently facing a $650 million fiscal cliff, and no doubt, more budget cuts are in store for the Louisiana public sector.
Author: Lionel D. Lyles PhD.
Publisher: iUniverse
ISBN: 1532051964
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
My book demonstrates how classical liberalism was the foundation upon which Thomas Jefferson, George Washington, Alexander Hamilton, and others wrote the Declaration of Independence, Constitution, and the Bills of Rights; however, it was rolled back by 1980 and replaced with neoliberalism, which was championed by the Reagan Administration. In short, this ideology has one main aim, and that is to shrink government, cut the budgets of social programs, and give away billions of taxpayer dollars to private business in the form of tax breaks. During the Jindal administration and by the end of its first term, more than $7 billion worth of tax breaks had been given away to private business. A surplus of $1 billion left in the Louisiana treasury by outgoing governor Kathleen Blanco after Hurricane Katrina was given away by the end of the first two months of its first term. Today, the Louisiana legislature is currently facing a $650 million fiscal cliff, and no doubt, more budget cuts are in store for the Louisiana public sector.
Author: Doctor Kean Birch
Publisher: Zed Books Ltd.
ISBN: 1848139012
Category : Political Science
Languages : en
Pages : 205
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Book Description
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.
Author: Asa Maron
Publisher: Oxford University Press
ISBN: 0198793022
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
"This book explores the politics and institutional dynamics of neoliberal restructuring in Israel. It puts forward a bold theoretical proposition: that the very creation of a neoliberal political economy may be largely a state project. Correspondingly, neoliberal restructuring and the institutionalization of permanent austerity are dependent on reconfigured power relations between state actors, manifested in a new institutional architecture of the state. This architecture, in turn, is the context in which efforts to change social and employment policies play themselves out. The volume frames the coming of neoliberalism in Israel as a set of concrete and far-reaching changes in the power and modes of operation of the key players in the political economy--organized labor, big business, and the state. These changes undermined and neutralized veto players and enabled the ascendance of macroeconomic state agencies, which gained greatly augmented authority and autonomy. The key agents of innovation were politicians and economists in state agencies, and their initiatives combined processes of both punctuated and incremental change. Within the overarching transformation of the state, the book explores case studies of specific social and labor market policies. These reveal a close elective affinity between programmatic neoliberal reforms and the proactive drive of the Ministry of Finance to enhance its control over public spending and policy design. The case studies also document instances in which neoliberal reforms were blocked, undermined, or overturned by opposition from inside ot outside the state."--
Author: Nikolaos Karagiannis
Publisher: Routledge
ISBN: 1135097607
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
In recent times, policy makers, scientists, academics and commentators have become increasingly nervous about the US economic downturn. Discussions have centred around the range and magnitude of the country’s socio-economic problems, its vexing production decline and its unsatisfactory macroeconomic performance, which give rise to the following questions: what are the sources of this recent downfall? And can this situation be reversed by pursuing the same orthodox and neoliberal policies? This new edited volume, from a top international set of contributors, seeks to answer these questions and to offer alternative, realistic and feasible strategies and policy recommendations towards reversing this situation. In particular, the volume seeks to challenge US neoliberalism on theoretical and political grounds, and to offer alternative strategies and policies towards addressing the country’s recent challenges and multi-dimensional problems. The volume is structured around three main themes: The return of government: Philosophical issues and ethics Economic policies for sustainable growth and prosperity Financial fragility and alternative monetary policy proposals This unique and highly topical, multidisciplinary volume, will be of great interest to students and researchers in the areas of economics, political economy and contemporary US politics.
Author: David M. Kotz
Publisher: Harvard University Press
ISBN: 0674967186
Category : Business & Economics
Languages : en
Pages : 291
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Book Description
The financial and economic collapse that began in the United States in 2008 and spread to the rest of the world continues to burden the global economy. David Kotz, who was one of the few academic economists to predict it, argues that the ongoing economic crisis is not simply the aftermath of financial panic and an unusually severe recession but instead is a structural crisis of neoliberal, or free-market, capitalism. Consequently, continuing stagnation cannot be resolved by policy measures alone. It requires major institutional restructuring. Kotz analyzes the reasons for the rise of free-market ideas, policies, and institutions beginning around 1980. He shows how the neoliberal capitalism that resulted was able to produce a series of long although tepid economic expansions, punctuated by relatively brief recessions, as well as a low rate of inflation. This created the impression of a “Great Moderation.” However, the very same factors that promoted long expansions and low inflation—growing inequality, an increasingly risk-seeking financial sector, and a series of large asset bubbles—were not only objectionable in themselves but also put the economy on an unsustainable trajectory. Kotz interprets the current push for austerity as an attempt to deepen and preserve neoliberal capitalism. However, both economic theory and history suggest that neither austerity measures nor other policy adjustments can bring another period of stable economic expansion. Kotz considers several possible directions of economic restructuring, concluding that significant economic change is likely in the years ahead.
Author: Roger Brown
Publisher: Policy Press
ISBN: 1447337581
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
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.
Author: Patrick Bond
Publisher: SCB Distributors
ISBN: 0983353956
Category : Political Science
Languages : en
Pages : 270
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Book Description
With the world’s attention fixed on the travails of leading global economies due to a still unfolding financial crisis of gigantic proportions, there has been a studied silence on the fate of the third world as the malaise increasingly impacts it. This silence is particularly disturbing because questions of potential pitfalls in the neoliberal policy package, which the third world (unlike Western Europe and Japan) was largely forced to adopt, were never countenanced. as One third world state after another discovered that international institutions were in effect hostile to their governments if they chose alternative developmental models or otherwise resisted the neoliberal triage of liberalization, privatization and deregulation. This collection is a tour de force, effectively countering not only the neoliberal ideology of development as a whole but the marginalizing within today’s mainstream crisis discourse of any discussion of the monstrous misallocation of global resources wrought by the so-called “Washington Consensus” and the suffering and destruction it has wreaked on third world peoples and economies. This edited volume is intended as both a textbook for introductory classes in global development or area studies and as a conduit for advanced students, policymakers, NGO activists and an educated readership to gain knowledge about the socio-economic conditions existing across much of the world we live in, and the policies that brought them about. The specially commissioned and peer reviewed chapters are written by experts in the fields of economics, politics, sociology and international studies. Chapter authors hail from around the world including: Brazil, Mexico, Canada, United States, United Kingdom, South Africa, South Korea and Thailand. The countries/regions’ neoliberal experience and potential futures covered in this book are: Brazil, China, Cuba, Egypt, Mexico, Southeast Asia (Indonesia, Malaysia and Vietnam), South Africa, South Korea, Syria, Thailand and Venezuela.
Author: Alfredo Saad-Filho
Publisher: Springer Nature
ISBN: 3030816087
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
This book offers an 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.
Author: Jack Rasmus
Publisher: SCB Distributors
ISBN: 1949762041
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
"Rasmus excels at economic history... The Scourge is a powerful, important book. We ignore it at our peril." David Baker, Zmag While the capitalist system has undergone numerous restructurings throughout its history, the capitalist elites’ purpose in elaborating these changes has remained the same: to restore and/or extend their hegemony over domestic class and global challengers. The current systemic designation, operative since 1978, is “neoliberalism,” deployed to obfuscate what in actuality is US imperialism and domestic class warfare. The Scourge of Neoliberalism describes the origins and evolution of the specifically American form of Neoliberalism. Its expansionary phase—from 1978 to 2008—was disrupted by the global crash and crisis of 2008-09 and was only partially restored by the Obama regime thereafter. Trump’s attempt to resuscitate Neoliberalism has led to the emergence of a new, more aggressive and virulent form which, despite some gains, is nonetheless a destabilizing policy regimen destined to break down with the next global economic crisis, which is likely occur by 2020. The political consequences of US neoliberal policy evolution and restoration efforts have led, on the one hand, to the breakdown of government institutions, the decline of mainstream political parties, the atrophy of democratic practices, rights and values, and attacks on civil liberties, and on the other to the embedding of the Neoliberal credo that business tax cuts create jobs, free trade benefits all, low interest rates generate investment, entitlement programs are the cause of government deficits, markets are always efficient, recessions are caused by external shocks to an otherwise stable equilibrium system, and similar empirically unverifiable propositions. In describing the evolution of Neoliberal policies from Reagan through Clinton, the Bushes, Obama, and Trump presidencies, Rasmus shows how they have played a central enabling role in the financialization of the US capitalist economy, in its ever-growing income and wealth inequality gaps, and in the increasing polarization of US society and polity
Author: Peter Triantafillou
Publisher: Manchester University Press
ISBN: 152610377X
Category : Political Science
Languages : en
Pages : 274
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Book Description
This book examines the links between major contemporary public sector reforms and neoliberal thinking. The key contribution of the book is to enhance our understanding of contemporary neoliberalism as it plays out in the public administration and to provide a critical analysis of generally overlooked aspects of administrative power. The book examines the quest for accountability, credibility and evidence in the public sector. It asks whether this quest may be understood in terms of neoliberal thinking and, if so, how? The book makes the argument that while current administrative reforms are informed by several distinct political rationalities, they evolve above all around a particular form of neoliberalism: constructivist neoliberalism. The book analyses the dangers of the kinds of administrative power seeking to invoke the self-steering capacities of society and administration itself.
