The Tragedy of Soma Mine-Workers: A crime of peripheral capitalism unleashed
IDEAs » Neoliberalism
by betaideas
2w ago
Privatisation of mining in Turkey has resulted is intentional evasion of security measures and safety standards leading to rise in tragedies like that in the Soma mines. Soma_Mine (Download the full text in PDF format) (This article was originally published in https://theconversation.com/uk ..read more
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The Political Economy of Development the World Bank, Neoliberalism and Development Research
IDEAs » Neoliberalism
by betaideas
2w ago
Publisher: Pluto Press ISBN-9780745331034 About the Book Any student, academic or practitioner wanting to succeed in development studies, radical or mainstream, must understand the World Bank’s role and the evolution of its thinking and activities. The Political Economy of Development provides tools for gaining this understanding and applies them across a range of topics. The research, practice and scholarship of development are always set against the backdrop of the World Bank,  whose  formidable  presence shapes both development practice and thinking. This book brings togethe ..read more
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Economics and the Assault on the Market
IDEAs » Neoliberalism
by betaideas
2w ago
State and market are institutions of society – its instruments for collective action, the main tools each society has to attain its objectives. The state is the fundamental instrument; and the market, socially constructed and politically regulated, is its complement. While liberalism emerged in the 18th century to fight an autocratic state, neoliberalism mounted a political assault against the state in the name of the market, and eventually also attacked the market. Neoclassical macroeconomics and public choice theory were the meta-ideologies that gave to this assault a “scientific” and mathem ..read more
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The demise of neoliberalism in Mexico today if so, so what
IDEAs » Neoliberalism
by Juan Carlos Moreno-Brid
2w ago
Background Last July, Mexico´s political landscape was turned upside down by the landslide victory of Andrés Manuel López Obrador (AMLO) in the Presidential elections, and of MORENA (his party) obtaining a majority of seats in both legislative chambers. In his inauguration speech, last December, he once again derided the neoliberal policies implemented in Mexico since the mid-1980s. He signaled Neoliberalism as the cause of Mexico´s calamitous long-term economic performance, marked by slow growth, rising inequality and widespread poverty. And blamed it as the origin of rampant corruption. He p ..read more
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The Yellow Vest Movement
IDEAs » Neoliberalism
by Prabhat Patnailk
2w ago
Nothing shows the crisis of neo-liberal capitalism more clearly than the popular uprising in France that is occurring under the banner of the “Yellow Vest” movement. Thousands are congregating in Paris over week-ends to protest against the intolerable burdens being imposed upon them in the name of “austerity” and to demand that resources be raised instead through taxing the rich. This movement had begun initially as a protest against the diesel price-hikes, but has now taken on a more general character and is drawing huge support from the people. There is an effort in liberal circles to portra ..read more
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The Political Roots of Falling Wage Growth
IDEAs » Neoliberalism
by Jayati Ghosh
2w ago
New findings from the International Labor Organization show that workers across many advanced and emerging economies continued to miss out on the gains from growth in 2017. Rather than trotting out the usual suspects – trade and technology – it is time for policymakers to place the blame where it belongs. For Full article please click here     ..read more
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On taking sides in the RBI-Government stand-off
IDEAs » Neoliberalism
by C. P. Chandrasekhar
2w ago
Unlike in the worlds of business and politics, there is little scope for gossip in the world of economics. So, when multiple signals suggested that that there was a stand-off between the government and the Reserve Bank of India (RBI), the media made the most of it, with a multitude of stories reporting and explaining the nature of the spat and its implications. Given the formal economic arguments that must enter those discussions, there is much that the lay reader cannot process to assess which of the two institutions is right in this controversy. However, the thrust of the reportage has been ..read more
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A Private Debt Story: Republic of Turkey Hires McKinsey & Company
IDEAs » Neoliberalism
by betaideas
2w ago
About four years ago, I penned an article in this column titled, “A Sovereign Debt Story: Republic of Argentina vs NML Capital” (EPW, 17 May 2014). Many things have happened since then and it is time to write a private debt story now, Turkey’s story. Turkey and Argentina are twins in the sense that these countries suffered from almost simultaneous financial crises both in 2001 and 2018. Both are currently suffering from currency crises with potential spillover to the rest of the emerging markets, and there are those who argue that these twins may have triggered a crisis in the emergi ..read more
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The Indiscreet Aggression of the Bourgeoisie
IDEAs » Neoliberalism
by C. P. Chandrasekhar
2w ago
Neoliberal economic policy—the framework of measures that preaches market fundamentalism but uses the state to engineer a redistribution of income and assets in favour of finance capital and big business—has lost its legitimacy. A huge financial crisis and a decade of recession or low growth, that have hurt most sections except the elite 1 per cent, have convinced the majority in many countries that neoliberalism is no alternative. That change in mood was revealed by the Brexit vote and the Trump victory among other developments. However, this has not setback but unleashed a new aggression on ..read more
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Managing Monetary Policy and Financial Supervision in Argentina: Historical Analysis and Present Neoliberal Challenges – A Personal Account
IDEAs » Neoliberalism
by betaideas
2w ago
This article traces the context in which this author served Argentina as both the chairman of the Central Bank of Argentina and former chairman of Securities and Exchange Commission of Argentina. As described, the efforts necessary for a country such as Argentina to achieve and maintain financial sovereignty are almost as great as the forces opposing such a possibility. While focusing on the specific case of Argentina and pertaining to a specific time in its history, this article offers insights that hopefully can lead to a better understanding of the global forces that condition the managemen ..read more
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