Economics Dictionary of ArgumentsHome
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| Neoliberalism: Neoliberalism is an economic and political ideology advocating for limited government intervention in the economy, free market principles, deregulation, privatization, and reduced public spending. It prioritizes individual freedoms, free trade, and competition, emphasizing market forces to drive economic growth and efficiency. Critics argue it can lead to inequality and social disparities while proponents champion its potential for prosperity and innovation. See also Liberalism, Interventions, Markets, Trade, Economic growth._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Wolfgang Streeck on Neoliberalism - Dictionary of Arguments
Mause I 76 Neoliberalism/Streeck: Thesis: the democratic and the market principles are fundamentally incompatible, since they follow different and incommensurable guiding principles: The market follows the principles of performance and market justice, while the democratic welfare state follows the ideal of social justice. >Democracy, >Markets, >Justice, >Equal opportunities, >Social state, >Welfare state. However, there is an asymmetry of power between social state democracy and capitalism.(1) Capitalism/Streeck: Thesis: The critique of capitalism overestimates its economic possibilities. >Capitalism. By contrast, the main problem in Western democracies since the 1970s has been the postponement of the "final crisis". Therefore, these democracies would have to "buy time".(2) 1. Cf.W. Streeck, Gekaufte Zeit: Die vertagte Krise des demokratischen Kapitalismus. Berlin 2013. 2. Chr. Möllers, Krise? Verschieben! Wolfgang Streeck beerdigt den demokratischen Kapitalismus. Aber ist damit die Demokratie am Ende? DIE ZEIT 2013, Nr. 11: 55._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
PolStreeck I Wolfgang Streeck Kathleen Thelen Beyond continuity. Institutional change in advanced political economies Oxford 2005 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Streeck
> Counter arguments in relation to Neoliberalism
