Publisher's Synopsis
Neoliberal policies mark the transition between two eras, from a world of national capital and nation-states to a world of internationalized capital and supranational organizations. They represent the transformation from expected continuous increases in social benefits, personal and social wealth, and political reforms to the dismantling of reforms, economic retrenchment, and personal reaction.;This text examines the transformation of the economic and political conditions that allowed for the rise of the welfare state and the politics of social democracy. It critically analyzes the neoliberal policies that are being introduced by governments everywhere, arguing that they are the policy counterpart to the globalization of the economy. If globalization represents the "triumph of capitalism" and the decline of the welfare state, then it also carries negative consequences for working people around the world. As liberal democracy declines and political legitimacy fades, the world is confronted by the unmitigated assertion of the rights of corporate private property.
