Dr Marek Neuman - Is The Eu A Neoliberal Project?

George Monbiot has an article inward the Guardian today every bit to why the Britain is ameliorate off staying inward the European Union because he says the Brixitors but desire to force the Britain towards s to a greater extent than corporate, neoliberal organisation amongst closer ties to the US. He mightiness hold upward right, but I said inward CiF that the European Union is neoliberal too. I got to a greater extent than or less stick for that inward the replies in addition to thus I posted this video by Dr Marek Neuman who captures how the European Union is going neoliberal. This is an quondam video in addition to thus things are worse now. KV

Dr Marek Neuman explains the consequences of European economical integration on the economical in addition to political powers of fellow member states in addition to why to a greater extent than or less scholars, practitioners, in addition to citizens convey been criticising the European Union every bit a neoliberal project.

Video embedded. 

Dr Marek Neuman - Is the European Union a neoliberal project?

I but added this to the Guardian CiF.

Thomas Palley - June 2013

Europe's Crisis without End: The Consequences of Neoliberalism

Abstract

This newspaper argues that the eurozone crisis is the production of a toxic neoliberal economical policy cocktail. The mixing of that cocktail traces all the agency dorsum to the early on 1980s when Europe embraced the neoliberal economical model that undermined the income- in addition to demand-generation procedure via wage stagnation in addition to widened income inequality. Stagnation was serially postponed yesteryear a set out of developments, including the stimulus from German linguistic communication re-unification in addition to the depression involvement charge per unit of measurement convergence produced yesteryear creation of the euro. The latter prompted a 10-year credit in addition to property cost bubble that created fictitious prosperity. Postponing stagnation inward this fashion has had costs because it worsened the ultimate stagnation yesteryear creating large build-ups of debt. Additionally, the creation of the euro ensconced a flawed monetary organisation that fosters world debt crisis in addition to the political economic scheme of financial austerity. Lastly, during this catamenia of postponement, Federal Republic of Federal Republic of Germany sought to avoid stagnation via export-led increment based on wage repression. That has created an internal residuum of payments employment inside the eurozone, which is a farther impediment to resolving the crisis. 

There is a agency out of the crisis. It requires replacing the neoliberal economical model amongst a structural Keynesian model; remaking the European Central Bank in addition to thus that it acts every bit a authorities banker; having Federal Republic of Federal Republic of Germany supersede its export-led increment wage suppression model amongst a domestic demand-led increment model; in addition to creating a pan-European model of wage in addition to financial policy coordination that blocks race to the bottom tendencies inside Europe. Countries, especially Germany, tin implement to a greater extent than or less of this agenda on their own. However, much of the agenda must hold upward implemented collectively, which makes modify enormously difficult. Moreover, the state of war of ideas inward favor of such reforms has withal to hold upward won. Consequently, both politics in addition to the ruling intellectual climate brand success unlikely in addition to augur a troubled future.

https://academic.oup.com/cpe/article-abstract/32/1/29/366698?redirectedFrom=fulltext