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The Limits of Neoliberalism: Authority, Sovereignty and the Logic of Competition

During the late 1970s and the beginning of the 1980s, neo-liberalism first emerged as a reaction to the worldwide recession, and is associated with the retrenchment and privatization of the welfare state. The main aspects of neo-liberalism can be explained in terms of open, competitive, and unregulated markets; a liberated state in terms of all its forms.

 

During the late 1970s and the beginning of the 1980s, neo-liberalism first emerged as a reaction to the worldwide recession, and is associated with the retrenchment and privatization of the welfare state. The main aspects of neo-liberalism can be explained in terms of open, competitive, and unregulated markets; a liberated state in terms of all its forms. Based on this general view and expectation about neo-liberalism, William Davies discusses the limitations of neo-liberalism in relation to authority, sovereignty and competition, with attention to the key role of politics and the market.

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