Download Anti-Liberalism 2000: The Rise of New Millennium by David Henderson, G. C. Harcourt, Geoffrey Owen PDF

By David Henderson, G. C. Harcourt, Geoffrey Owen

ISBN-10: 0255364970

ISBN-13: 9780255364973

Within the final twenty-five years, many nations have launched into programmes of financial liberalisation. yet, David Henderson argues, it's a mistake to think that monetary liberalism has triumphed: anti-liberal forces are robust and in a few respects have received flooring. Henderson analyses those forces, new and outdated. as well as the continued carry of 'pre-economic ideas', new parts contain anti-market NGOs, a much broader circle of perceived 'victims of injustice', the unfold of labour marketplace rules, and an 'alarmist consencus' approximately globalisation and environmental degradation. the mix of outdated and new principles leads to 'new millennium collectivism', which supplies the most impetus at the back of the anti-liberalism of at the present time. Geoffrey Harcourt, in a statement, consents with a few of Henderson's perspectives, yet disagrees rather at the want for minimal criteria in labour markets. He contends additionally that Henderson is simply too challenging on NGOs and too inspired with the long term aggressive equilibrium version. David Henderson responds to the reviews and units out extra concerns that must be explored.

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21 anti-liberalism 2000 Present-day labour laws typically embody both forms of regulation, traditional and modern. Here is a recent summary of the situation that has now been established in South Africa. Minimum wages are negotiated between unions and the larger firms in an industry, and then extended to smaller firms in the same industry, whether they were party to the agreement or not . . this creates a lofty barrier to entry for small start-up businesses. Minimum wages are typically set at about twice what the army of unemployed would accept.

It is this belief, in conjunction with the alarmist consensus, that provides the main doctrinal basis for anti-liberalism 2000. The presumption of injustice is reflected in a now standard vocabulary. Take the Human Development Report 1999. Although ‘marginalised’ is its favourite term, reference is also made to countries being ‘deprived’, ‘excluded’, ‘condemned’ and ‘disenfranchised’ [sic], and to their status as ‘victims’. That disparities have widened is seen as reason in itself to attribute blame to the international economic system and to recent changes within it: these are seen as having inflicted actual harm.

One such idea] is the innocent but often fatal impulse to achieve perfect justice in the individual case. 1 The same is true for economic policies: ideas are at work which make disinterested people receptive to interventionism. In fact, I would argue that characteristic majority attitudes towards economic issues are anti-liberal. Hence there is often a coming together of interests and outside perceptions. Now as in the past, policies are often steered in an interventionist direction by the combined influence of anti-liberal interest groups and anti-liberal outside opinion.

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