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11. Going Against the Tide: Towards Binding Environmental Regulation of Mining in Chile

Author:
Johanna Jarvela and Lotta Aho
Publication Date:
04-2022
Content Type:
Working Paper
Institution:
Centre for Business and Development Studies (CBDS), Copenhagen Business School
Abstract:
Mining industry is one of the only industries not subjected to any international environmental agreement. Thus, only national laws, Corporate Social Responsibility, industry standards, and other forms of self-regulation govern the mining industry. However, there are increasing concerns about the sustainability and social responsibility of this business. In Chile, neoliberal policies were implemented to a great extent during ϭϵϳϬ’s and ϴϬ’s and the legacy of these policies was an almost absent environmental regulation until 2010. This makes Chile an interesting case to investigate the workings and consequences of voluntary environmental regulation based on neoliberal paradigm. Whereas multinational corporations largely influence the current development of environmental regulation, and hence it is increasingly based on voluntary measures and industry guidelines, the socio-environmental conflicts have forced Chile to go against the current and move from soft law towards binding regulation. A situation where a country needs to move from non-regulation or fully privatized regulation back towards hard law and command and control has been less investigated than deregulation and different forms of capitalist influence on governance. We wish to address this gap in literature with this study. Based on our findings, we argue that following neoliberal theory in environmental regulation leads to increasing socio-environmental conflicts.
Topic:
Environment, Regulation, Neoliberalism, Mining, and Industry
Political Geography:
South America and Chile

12. The State of Exception: Gangs as a Neoliberal Scapegoat in El Salvador

Author:
Leisy Abrego and Steven Osuna
Publication Date:
09-2022
Content Type:
Journal Article
Journal:
Brown Journal of World Affairs
Institution:
Brown Journal of World Affairs
Abstract:
On 26 March 2022, gangs in the small Central American country of El Salvador killed 62 people, making it the deadliest day in modern Salvadoran history.1 In the span of just three days, between 25 and 27 March, there were a total of 87 seemingly random murders of people laboring and commuting in El Salvador. In line with the common political practice since the 1990s, Salvadoran politi- cians zeroed in on punishing gangs, whom they have blamed for all social ills. Indeed, the brutal intercommunal violence of gangs is horrifying and dehuman- izing in ways that permeate everyday life for large swaths of Salvadoran society. 3ese realities make gangs particularly visible and therefore politically useful for the ruling elite, who can and frequently do turn to gangs as a distraction from their own corruption. 3e proliferation of gangs and violence, however, was not inevitable, and a political and media focus solely on gangs misses the larger picture. Gangs, and the social conditions surrounding them in El Salvador, are ultimately a symptom of a larger root problem: neoliberal capitalism. To best understand the conditions of the present moment, we trace how neoliberalism developed in El Salvador, why it has thrived across party lines, how it is fueling the actions of this particular Salvadoran administration, and how a growing grassroots cross-border movement is resisting it.
Topic:
Neoliberalism, Violence, Organized Crime, and Gangs
Political Geography:
Central America and El Salvador

13. Policy Papers by Women of Color: Decolonizing International Development

Author:
Tamara White, Aisha White, Gabrielle B. Gueye, Daniet Moges, and Eliza Gueye
Publication Date:
02-2022
Content Type:
Policy Brief
Institution:
Women of Color Advancing Peace, Security and Conflict Transformation (WCAPS)
Abstract:
This series explores a handful of scenarios where colonial legacies surface in international development and humanitarian aid work, from staffing and institution building to food aid and global tourism. Exploring these topics and seeking to deconstruct the systems and structures that impede success in development and humanitarian efforts is critically important in ensuring that we ultimately meet global goals and restore integrity to our sector. Many believe international development and humanitarian aid are irreconcilable and that this work is an extension of colonialism, but our constituency believes that there is hope in transforming the sector and shifting power to those who should rightfully own this work and reap the benefits of development.
Topic:
Development, Humanitarian Aid, Tourism, Culture, Neoliberalism, Decolonization, Institutions, COVID-19, and Food Assistance
Political Geography:
Global Focus and United States of America

14. A Brief History of Equality

Author:
Melek Aylin Özoflu and Samet Yılmaz
Publication Date:
12-2022
Content Type:
Journal Article
Journal:
Uluslararasi Iliskiler
Institution:
International Relations Council of Turkey (UİK-IRCT)
Abstract:
Is neoliberalism in a deep crisis or not? If yes, what are the dynamics of this crisis? Does this crisis promise social, political, and economic transformations? If it does, what are the prerequisites? Will global levels of inequality continue to be dispersed? If one desperately searches for an answer to these questions, Thomas Piketty’s latest book, A Brief History of Equality, might offer a possible starting point. Piketty is known for his valuable r>g theory. He explains that return to capital exceeds the rate of economic growth, and it, in return, increases the concentration of wealth. This time, he does not put forward a new theoretical frame. Instead, building upon his r>g theory, he elaborates on his argument for the deepening of inequality in a multi-dimensional and multi-faceted way within a large time frame between 1780 and 2020. As for the primary source of data, he utilises the World Inequality Database (WID.world), which contains evidence about the distribution of income and wealth over the years. It provides the author with a multidisciplinary approach, while interpreting the progress in economic, political, and social developments.
Topic:
Inequality, Economic Growth, Neoliberalism, and Book Review
Political Geography:
Global Focus

15. The People’s Steel Plant and the Fight Against Privatisation in Visakhapatnam

Author:
Tricontinental: Institute for Social Research
Publication Date:
08-2022
Content Type:
Working Paper
Institution:
Tricontinental: Institute for Social Research
Abstract:
When the storm of neoliberalism swept across India three decades ago, the country’s public sector industry was the first to take a frontal hit. For those that unleashed the storm – an alliance of international capital and Indian big capital – state-owned enterprises represented a succulent buffet of assets and resources to be gobbled up. There were hundreds of public sector enterprises that could be privatised in order to feed the asset-hunger of big capital; these included ports, shipping and ship-building industries, airports, airlines, railways, oil and gas extraction industries, petrochemical refineries, the telecommunication network, the nationwide railway network, enterprises that manufacture heavy machinery and electrical equipment, hotels, power generation and distribution, large insurance companies, the huge network of public sector banks, and, last but not least, steel plants. During these thirty years of neoliberalism, the Indian state, at the behest of big capital, has run a persistent and pernicious offensive to undermine public sector enterprises. However, this offensive has not been as smooth-sailing or as fruitful as the neoliberal camp has wished, as the unionised working class has fought tooth and nail against every move towards privatisation, be it big or small, with much more success than failure. Though the Indian government has privatised or shut down scores of public sector enterprises, many more units – particularly the largest of them, such as the public sector steel plants – remain in the public sector as a result of workers’ resistance. This struggle between the Indian working class and big capital, mediated through the Indian state, makes for an instructive tale of the fight against neoliberalism – a fight whose successes are seldom spoken about. The story of the Visakhapatnam Steel Plant is an important example of this unyielding struggle. Located on the coast of the Bay of Bengal in the port city of Visakhapatnam in India’s south-eastern Andhra Pradesh state, Visakha Steel, as the plant is affectionately called by the people of the state, or Rashtriya Ispat Nigam Limited (RINL), as it is officially christened by the Indian government, holds pride of place in the state’s industrial landscape. The birth story of Visakha Steel is itself an illustration of the public sector industry’s deep roots in Indian society and the reasons for its continued survival. This unique steel plant, which was born of the will of the people in 1982, has survived multiple attempts to privatise it and has thrived in the face of many challenges. Based on the political and economic situation at different points in time, governments have tried various routes to privatise the plant: when the plant is vulnerable, they try to push disinvestment, the privatisation of individual departments, and the sale of assets; when the plant is going strong, their methods include diverting resources, policy sabotage, denying permissions, and delaying vital business decisions. All such attempts have been successfully beaten back by the plant’s workers alongside allied movements and people in the region who fought for the steel plant.
Topic:
Privatization, Neoliberalism, and Capital
Political Geography:
South Asia and India

16. Neoextractivism in the Democratic Republic of the Congo and Angola: Between Neoliberal Globalization, Regional Trends and Local Particularities

Author:
David Mouzo Williams
Publication Date:
07-2022
Content Type:
Journal Article
Journal:
Brazilian Journal of African Studies
Institution:
Brazilian Journal of African Studies
Abstract:
This article aims to investigate the formation of extractive enclaves in the Democratic Republic of the Congo (DRC), and its possible projections in the rest of Africa, mainly through comparison with another case, that of the Republic of Angola. For this, the African continental insertion within the neoliberal globalization in the period 1970-2000 will be taken into account, particularly the imposition of the Structural Adjustment Programs, by inter- national financial institutions such as the World Bank and the International Monetary Fund. Understanding that this is part of the same capitalist restruc- turing, the contributions of extractivism in Latin America will be used as part of the same global South.
Topic:
Globalization, Neoliberalism, Global South, and Extractivism
Political Geography:
Africa, Democratic Republic of the Congo, and Angola

17. The Erroneous Foundations of Law and Economics

Author:
Mark Glick and Gabriel A. Lozada
Publication Date:
02-2021
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
The fundamental originating principle of law and economics (L&E) is that legal decisions should be (and are) based on maximizing efficiency. But L&E proponents do not define “efficiency” in the way agreed to by most economists, as Pareto Efficiency. A Pareto optimal condition is obtained when no one can be made better off without making someone worse off. Pareto Improvements are win-win changes where no losers exist. In the judicial system, however, there are always winners and losers, because under Article III § 2 of the Constitution a legal case does not exist unless there is a justiciable “case or controversy” in need of resolution. Unable to use Pareto Efficiency, L&E scholars have been forced to adopt alternative definitions of efficiency. Most L&E scholars claim to define “efficiency” based on the work of Kaldor and Hicks, but (perhaps unwittingly) instead use a definition of “efficiency” derived from the 19th century idea of consumer surplus, which encompasses L&E notions such as “wealth maximization,” and “consumer welfare” in antitrust. Neither of these alternative definitions is viable, however. Outside of L&E, the Kaldor-Hicks approach has long been recognized to be riddled with logical inconsistencies and ethical failures, and the surplus approach is even more deficient. Remarkably, virtually none of the numerous L&E textbooks even hint at such problems. Critically, all definitions of efficiency improvements in economics are biased in favor of wealthy individuals or firms, either because they are dependent on the status quo ante distribution of assets, or because they bestow large advantages on parties with political influence or who can afford to bring lawsuits quickly. Many L&E practitioners treat efficiency improvements instead as being objectively good, an error revealing that L&E is primarily motivated by its neoliberal policy agenda.
Topic:
Economics, Law, Neoliberalism, and Efficiency
Political Geography:
Global Focus

18. Neo-liberal Challanges and the Demise of Keynesian-Weberian State

Author:
Aziz Tuncer
Publication Date:
11-2021
Content Type:
Journal Article
Journal:
Bilgi
Institution:
Sakarya University (SAU)
Abstract:
Following the II. World War, there was a huge devastation and without state intervention it was not probable to reconstruct infrastructure and reinvigorate industry. Under these conditions in order to rejuvenate the economy and heal the havoc of the war, state intervention was pleased by large parts of society. Keynesian-Weberian structures accordingly were associated with development until mid 1970’s but in that time Weberian large bureaucracy was connected with poor performance, inefficiency and financial deficit. The proposals to rehabilitate the illnesses of Keynesian Weberian state were based upon neo-liberal principles and called New Public Management which became vogue in Europe and suggested to limit the boundary of state activities. One of its concrete outcome is huge transfers of state owned assets and public services to the private sector. Following the privatization and pervasion of the market, the boundary between public and private blurred which created a growing suspicion upon the violation of public interest on the part of citizens. This article aims at contributing to understand the nature and principles of both sides upon major areas.
Topic:
Development, Privatization, Economy, Neoliberalism, Keynes, and Welfare State
Political Geography:
Global Focus

19. The Flimsy Foundations of Neoliberal Macroeconomics: David Gordon on Saving, Investment, and the Natural Rate of Unemployment

Author:
Robert Pollin
Publication Date:
06-2021
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
David Gordon was, at once, a highly creative economist with an enormous range of interests, while also uncompromising in maintaining rigorous research standards. He was focused equally on hard-core academic research and pressing policy issues. He was also openly committed to the political left, with this commitment animating all his work. One distinctive feature of Gordon’s work was his keenness to dive into the most important topics engaging mainstream economists and to inject explicitly left political economy perspectives into these mainstream debates. This paper focuses on two important examples of Gordon’s contributions that examine front-and-center mainstream macroeconomics questions. The first is the relationship between aggregate saving and investment. The second is the development of the concept of the ‘natural rate of unemployment.’ The evolution of mainstream research on these two questions played a critical role in overturning what had been, over the first two post-World War II decades, a prevailing Keynesian/social democratic consensus, at both the levels of analytic economics as well as economic policy. As the paper reviews, Gordon challenges the analytic findings and policy implications of these perspectives at their core. Gordon’s own basic premises and results are straightforward. He argues that, in fact, investment decisions, not saving rates, are the main driver of economic activity in capitalist economies and that operating capitalist economies at something akin to genuine full employment—i.e. in the range of 2 – 3 percent official unemployment—is a realistic goal. As such, these papers by Gordon contribute significantly toward envisioning a post-neoliberal social structure of accumulation that is committed to the egalitarian principles that were central to Gordon’s life work.
Topic:
Political Economy, Neoliberalism, Investment, Macroeconomics, Unemployment, Saving, and David Gordon
Political Geography:
Global Focus

20. Post-American Moments in Global Financial Governance in the New Millennium

Author:
Ilene Grabel
Publication Date:
01-2021
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
It is difficult to find much to celebrate about the current conjuncture, marked as it is by deeply destructive incoherence. The best that can be said is that we are in an interregnum. But I suggest that today’s incoherence also includes productive and even transformative moments. I argue that incoherence in global financial governance should be understood as productive in several respects. It is creating and widening alternative spaces in which some of the values, practices, tools, objectives, and goals associated with embedded liberalism can be rearticulated in a world in which there is no “order,” American-led or otherwise. The silver lining of incoherence is that it creates space for experimentation and innovation unconstrained by an overarching “ism.” Incoherence is creating exits or leakages from noxious national and global policy environments, rendering it less poisonous than it would be in the absence of ideational aperture and contestation, competing policies, institutions, networks, and poles of power. The abdication by the US of its traditional role of global coordination and discipline, as exerted under the post-war embedded liberal or the neoliberal American-led orders, is creating opportunities for more permissive and varied “reembededness” and diverse forms of economic integration. The emerging regime reflects neither your grandmother’s American-led order 1.0 or 2.0. In this morbid post-American interregnum there is no singular “ism” or “alternative order,” a fact that I do not mourn.
Topic:
Governance, Finance, Global Political Economy, and Neoliberalism
Political Geography:
Global Focus and United States of America