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A triumph of failed ideas: European models of capitalism in the crisis

A triumph of failed ideas: European models of capitalism in the crisis PDF Author: Steffen Lehndorff
Publisher: ETUI
ISBN: 2874522465
Category : Capitalism
Languages : en
Pages : 286

Book Description
The current crisis in Europe is being labelled, in mainstream media and politics, as a ‘public debt crisis’. The present book draws a markedly different picture. What is happening now is rooted, in a variety of different ways, in the destabilisation of national models of capitalism due to the predominance of neoliberalism since the demise of the post-war ‘golden age’. Ten country analyses provide insights into national ways of coping – or failing to cope – with the ongoing crisis. They reveal the extent to which the respective socio-economic development models are unsustainable, either for the country in question, or for other countries. The bottom-line of the book is twofold. First, there will be no European reform agenda at all unless each country does its own homework. Second, and equally urgent, is a new European reform agenda without which alternative approaches in individual countries will inevitably be suffocated. This message, delivered by the country chapters, is underscored by more general chapters on the prospects of trade union policy in Europe and on current austerity policies and how they interact with the new approaches to economic governance at the EU level. These insights are aimed at providing a better understanding across borders at a time when European rhetoric is being used as a smokescreen for national egoism.

A triumph of failed ideas: European models of capitalism in the crisis

A triumph of failed ideas: European models of capitalism in the crisis PDF Author: Steffen Lehndorff
Publisher: ETUI
ISBN: 2874522465
Category : Capitalism
Languages : en
Pages : 286

Book Description
The current crisis in Europe is being labelled, in mainstream media and politics, as a ‘public debt crisis’. The present book draws a markedly different picture. What is happening now is rooted, in a variety of different ways, in the destabilisation of national models of capitalism due to the predominance of neoliberalism since the demise of the post-war ‘golden age’. Ten country analyses provide insights into national ways of coping – or failing to cope – with the ongoing crisis. They reveal the extent to which the respective socio-economic development models are unsustainable, either for the country in question, or for other countries. The bottom-line of the book is twofold. First, there will be no European reform agenda at all unless each country does its own homework. Second, and equally urgent, is a new European reform agenda without which alternative approaches in individual countries will inevitably be suffocated. This message, delivered by the country chapters, is underscored by more general chapters on the prospects of trade union policy in Europe and on current austerity policies and how they interact with the new approaches to economic governance at the EU level. These insights are aimed at providing a better understanding across borders at a time when European rhetoric is being used as a smokescreen for national egoism.

Divisive integration. The triumph of failed ideas in Europe — revisited

Divisive integration. The triumph of failed ideas in Europe — revisited PDF Author: Steffen Lehndorff
Publisher: ETUI
ISBN: 2874523321
Category : Europe
Languages : en
Pages : 369

Book Description
This book is a follow-up to the ETUI 2012 volume 'The triumph of failed ideas'. The focus of the book is the weight attributed to the different economic and social development paths in ten individual EU countries, and their interaction with the austerity regime established at EU level which in fact is deepening the crisis rather than paving ways out of it. The most dangerous implication of this policy approach is, according to this study, that it is driving countries apart - misleadingly in the name of 'Europe', hence the title of the book 'divisive integration'. The main message of the book is that a gradual recovery is possible only if there is a change of course in individual countries that then triggers reactions in the policies of other countries and perturbations at the EU level. However, these changes in individual countries is no longer feasible without a green light or at least toleration from the level of the European institutions.

From Triumph to Crisis

From Triumph to Crisis PDF Author: Hilary Appel
Publisher: Cambridge University Press
ISBN: 1108422292
Category : Political Science
Languages : en
Pages : 257

Book Description
Explains the surprising endurance of neoliberal policymaking over two decades in post-Communist countries, from 1989-2008, and its decline after the financial crash.

Models of Capitalism in the European Union

Models of Capitalism in the European Union PDF Author: Beáta Farkas
Publisher: Springer
ISBN: 1137600578
Category : Political Science
Languages : en
Pages : 552

Book Description
This book uses comparative economic analysis to provide a common conceptual framework for all current European Union member states. Based on empirical investigation, the author identifies the Nordic, North-western, Mediterranean, and Central and Eastern models of capitalism on the threshold of the 2008 global financial and economic crisis. The chapters also examine the resulting institutional responses to the crisis and the methods of crisis management adopted by each member state. The analysis reveals that the crisis has not triggered radical institutional change but, instead, highlighted deep institutional differences not between the old and new member states, but between the Nordic, North-western, Mediterranean, and Central and Eastern European countries. These institutional differences are so significant that they require the rethinking of European integration theory. Models of Capitalism in the European Union serves as a useful handbook for academics, advanced students, policy-makers and advisors who are interested in European economic issues.

The Political Economy and Media Coverage of the European Economic Crisis

The Political Economy and Media Coverage of the European Economic Crisis PDF Author: Julien Mercille
Publisher: Routledge
ISBN: 1317952111
Category : Business & Economics
Languages : en
Pages : 235

Book Description
The European economic crisis has been ongoing since 2008 and while austerity has spread over the continent, it has failed to revive economies. The media have played an important ideological role in presenting the policies of economic and political elites in a favourable light, even if the latter’s aim has been to shift the burden of adjustment onto citizens. This book explains how and why, using a critical political economic perspective and focusing on the case of Ireland. Throughout, Ireland is compared with contemporary and historical examples to contextualise the arguments made. The book covers the housing bubble that led to the crash, the rescue of financial institutions by the state, the role of the European institutions and the International Monetary Fund, austerity, and the possibility of leaving the eurozone for Europe’s peripheral countries. Through a systematic analysis of Ireland’s main newspapers, it is argued that the media reflect elite views and interests and downplay alternative policies that could lead to more progressive responses to the crisis.

Deepening Neoliberalism, Austerity, and Crisis

Deepening Neoliberalism, Austerity, and Crisis PDF Author: Julien Mercille
Publisher: Springer
ISBN: 1137468769
Category : Political Science
Languages : en
Pages : 335

Book Description
From bank bailouts to austerity, Europe's and Ireland's response to the economic crisis has been engineered specifically to shift the burden of paying for the crisis onto ordinary citizens while investors, financiers, bankers and the privileged are protected. The authors expose the class-based nature of Ireland's crisis resolution.

The Great Catalyst

The Great Catalyst PDF Author: Bülent Temel
Publisher: Lexington Books
ISBN: 0739174495
Category : Political Science
Languages : en
Pages : 435

Book Description
For over half a century, European Union has been a promising endeavor of cooperative institutionalism. It has shown that even nation states with a long history of conflict are capable of collaborating with one another to serve their own interests. However, the EU project has also made visible that there is no one-size-fits-all policy in economics that can be applied to all countries with success. Economics starts and ends with the society. Common culture determines the outcomes of economic policies, and ordinary people pick up the bill when policies turn out to be failures. This book presents two different tales of the European Union to provide an empirical challenge to oversimplified assumptions behind the neoliberal orthodoxy in policymaking: Favorable experience of the EU-candidate Turkey, and the regrettable venture of the EU-member Greece. The fact that these two neighboring countries with similar cultures have had vastly different experiences with the European Union suggests that the EU functions as a catalyst of change in the countries that associate with it, but this impact could be negative as well as positive depending on the role the EU plays. Political economist Bülent Temel presents a lucid analysis of the Turkish and Greek encounters with the EU—based on contributions from a diverse range of social sciences; economics, game theory, finance, political science and sociology.

Sociology, Capitalism, Critique

Sociology, Capitalism, Critique PDF Author: Hartmut Rosa
Publisher: Verso Books
ISBN: 1781689326
Category : Political Science
Languages : en
Pages : 353

Book Description
Three radical perspectives on the critique of capitalism For years, the critique of capitalism was lost from public discourse; the very word “capitalism” sounded like a throwback to another era. Nothing could be further from the truth today. In this new intellectual atmosphere, Sociology, Capitalism, Critique is a contribution to the renewal of critical sociology, founded on an empirically grounded diagnosis of society’s ills. The authors, Germany’s leading critical sociologists—Klaus Dörre, Stephan Lessenich, and Hartmut Rosa—share a conviction that ours is a pivotal period of renewal, in which the collective endeavour of academics can amount to an act of intellectual resistance, working to prevent any regressive development that might return us to neoliberal domination. The authors discuss key issues, such as questions of accumulation and expropriation; discipline and freedom; and the powerful new concepts of activation and acceleration. Their politically committed sociology, which takes the side of the losers in the current crisis, places society’s future well-being at the centre of their research. Their collective approach to this project is a conscious effort to avoid co-optation in the institutional practices of the academy. These three differing but complementary perspectives serve as an insightful introduction to the contemporary themes of radical sociology in capitalism’s post-crisis phase.

Benchmarking Working Europe 2014

Benchmarking Working Europe 2014 PDF Author: Institut syndical européen pour la recherche, la formation et la santé et sécurité
Publisher: ETUI
ISBN: 2874523070
Category : Labor
Languages : en
Pages : 132

Book Description
The report Benchmarking Working Europe 2014 reviews the crisis and EU austerity policies in the last five years from the point of view of Europe's social agenda. The publication, written by the research team of the ETUI, offers an overview of the most important statistics on the EU’s macroeconomic situation, labour market developments, inequality and poverty, deregulation of labour law, wages and collective bargaining, health and safety at work, worker participation rights and the impact of austerity on the green agenda. The Benchmarking Working Europe report comprises a critical, fact-based diagnosis of the first five years of the EU’s crisis management policies in view of the Europe 2020 agenda. It suggests that Europe finds itself “half-way through a lost decade” and provides the scientific underpinning of the ETUC’s political roadmap for a ‘new path for Europe’. The publication demonstrates that the European Union is in need of a fundamental change of course.

Economic Policy, Crisis and Innovation

Economic Policy, Crisis and Innovation PDF Author: Maria Cristina Marcuzzo
Publisher: Routledge
ISBN: 1000751007
Category : Business & Economics
Languages : en
Pages : 303

Book Description
This book is a Festschrift to Annamaria Simonazzi and embraces the themes that she has contributed to over the years through her insightful and inspiring works. It brings together contributions from a number of distinguished European economists, which pay tribute to her by engaging in a dialogue with her research, simultaneously reflecting on the process of growing economic disintegration in the European Union, its causes and its possible remedies. The book shows the deep interrelations between macroeconomic issues and the social sphere, and points to the need to rethink the very foundations of European economic policies as an effective antidote to growing imbalances and disintegration. In particular, the effects of austerity are assessed alongside the dimensions of inequality, gender discrimination, poverty, and unemployment, broadening the perspective also beyond the Eurozone. The authors envision a progressive society, in which investments in research and intelligent industrial policies govern the processes of technological change and drive the economy towards a more efficient and more equal model of development characterized by high productivity and high wages. While some chapters deal directly with policy issues, policy suggestions and proposals are scattered throughout the whole book. This volume will appeal to academics, economists, and policy-makers interested in understanding the policy response of European institutions to the challenges posed by both the Great Recession and subsequent developments in the European economies. The book is written in an engaging and accessible way, and the themes are broad enough to generate interest from the international public.