Before any efforts can be made towards a cultural shift however, we must first understand, at least briefly, the current socio-political ideas that are creating such issues in the modern western market. As Kotz and McDonough put it, “the concept of ‘global neo-liberalism’ best captures the contemporary social reality.” This ‘new social reality’ was, as they put it, a return to older liberalism, and a retreat from the more government-controlled, Keynesian style of the post-war years. With this relaxing of government control or influence over the markets, we saw an emergence of a new individualistic, and privatized outlook on the market system. Neo-liberalism as doctrine, creed, or culture, or whatever you may call it, became almost something of a throwback to the early days of capitalism...
... middle of paper ...
...olitical Economy. New York: Palgrave Macmillan, 2001.
Dumenil, Gerard and Levy, Dominique. “The economics of US imperialism at the turn of the 21st century,” Review of International Political Economy, 11:4 (2004), pp. 657-676. Retrieved from EBSCO, 21 April 2010.
Eichengreen, Barry. “The Last Temptations of Risk,” National Interest, 101 (2009), pp. 8-14. Retrieved from EBSCO, 21 April 2010.
McDonough, Terrence, Michael Reich and David M. Kotz, eds. Contemporary Capitalism and Its Crises: Social Structure of Accumulation Theory for the 21st Century. Cambridge: Cambridge University Press, 2010.
Smart, Barry. Economy, Culture and Society: A sociological critique of neo-liberalism. Buckingham: Open University Press, 2003.
Westra, Richard, ed. Confronting Global Neoliberalism: Third World Resistance and Development Strategies. Atlanta: Clarity Press, 2010.
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