trabant
Well-Known Member
..and for how for ties in with (allows? demands? is consistent with?) a form of national democracy:
The neoliberal revolution left almost nothing of this. Its objective was to trim the states of postwar capitalism as much as possible, reducing them to providing for the functioning and expansion of markets and making them institutionally incapable of corrective intervention in the self-regulating enforcement of market justice. Its full triumph, however, came only with the internationalization of the European political economy and the conversion of the European system of states into a multilevel regime with nationally confined democracy and multinationally organized financial markets and supervisory authorities – a configuration that has long proved an ideal vehicle for the neutralization of political pressure from below while expanding the realm of private contractual freedom vis-à-vis the state. The latest phase of this development is the ongoing transition from the national debt state to the international consolidation state. With it the Hayekian blueprint of a liberalized capitalist market economy immune from political pressure finally comes close to full realization.3
Thanks for the link to that book btw. Im about to start the last chapter and its joined a lot of different ideas in my mind into something coherent..