EU varieties of capitalism and International Political Economy
Author: Huw Macartney
Category: Political Science
View: 7393We know from the cost of the 2007-09 crisis that transnational finance does not operate in a realm removed from our everyday lives. Variegated Neoliberalism explains why its inequalities persist and how they undermine more social-minded policies towards finance in the EU. The book suggests that large financial groups capitalize on broader changes in capitalism and emerging assumptions about what benefits society at large. Those pushing these political-economic projects present policy change to cope with financial globalization as a new common sense. Macartney's argument then contests these assumptions through an analysis of the spatial relations of transnational actors, and the political claims made within finance and research communities. Rather than relying on umbrella concepts like 'transnational capitalist class', Variegated Neoliberalism emphasises the national-domestic foundations for transnationalization and what we commonly understand as neoliberalism. The book provides comparative analyses of global and European banking communities, and economic research centres, in the UK, France, and Germany. It explains the constellations underpinning the current neoliberal order in global finance, and the realms of possibility for challenges to it.