Civil Power and the Partner State A Social Solidarity Economy Response to Austerity in Greece
by John Restakis
Keynote Address, Good Economy Conference, Zagreb 2015
I want to speak today about a crisis that has gripped Europe, and the western democracies, over the last 30 years.
I describe the crisis as the inability of our governments to protect the interests of their citizens. It is a crisis of legitimacy that is undermining the foundations of liberal democracy. Its most recent manifestation is the doctrine of austerity, and the rapid destruction of democratic civic life.
These realities the imposition of austerity, the end of national sovereignty, and the destruction of democratic accountability are the inevitable consequences of the neo-liberalism that commenced with Thatcherism over 35 years ago. Neo-liberalism is the return of the free market ideology that dominated economic thought at the end of the 19th century. With it, have returned the economic attitudes, social injustices, and inequalities, of that time. Especially, the class hatred against the poor.
At the heart of neo-liberalism is the demand that government remove itself from the market. The withdrawal of governments from a regulatory role in the economy was the end of the Keynesian experiment and a return to the free market ideology of the pre war era. And, if we take the long view, we can see now that the Welfare State and the policies of public investments that made it possible was an exception and a temporary detour on the road to the corporate capitalism we are witnessing today.
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