Neoliberals hate the state. Or do they? In the first intellectual history of neoliberal globalism, Quinn Slobodian follows a group of thinkers from the ashes of the Habsburg Empire to the creation of the World Trade Organization to show that neoliberalism emerged less to shrink government and abolish regulations than to redeploy them at a global level.
Slobodian begins in Austria in the 1920s. Empires were dissolving and nationalism, socialism, and democratic self-determination threatened the stability of the global capitalist system. In response, Austrian intellectuals called for a new way of organizing the world. But they and their successors in academia and government, from such famous economists as Friedrich Hayek and Ludwig von Mises to influential but lesser-known figures such as Wilhelm ROpke and Michael Heilperin, did not propose a regime of laissez-faire. Rather they used states and global institutions-the League of Nations, the European Court of Justice, the World Trade Organization, and international investment law-to insulate the markets against sovereign states, political change, and turbulent democratic demands for greater equality and social justice.
Far from discarding the regulatory state, neoliberals wanted to harness it to their grand project of protecting capitalism on a global scale. It was a project, Slobodian shows, that changed the world, but that was also undermined time and again by the inequality, relentless change, and social injustice that accompanied it.
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"Narrator Joe Barrett has no trouble interpreting the political abstractions and complex sentences that fill this esoteric audiobook. Delivered with his educated enunciation and measured pacing, his narration conveys intellectual confidence, which gives this material authority commensurate with its far-reaching message. The audio is a graduate-level course in economic and political history that explains how capitalism developed as a paradigm of human exchange and how its champions have tried to create international institutions that are more powerful than the shifting interests of individual nations. The narratives of behind-the-scenes struggles between social, democratic, and economic interests are riveting. With Barrett's grasp of these dynamics and his connection with his listeners, he makes the theoretical debates and political intrigue come to life while helping the author shed light on current-day controversies. T.W. © AudioFile 2019, Portland, Maine"
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