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 monetary liberalisation. yet, David Henderson argues, it's a mistake to think that financial liberalism has triumphed: anti-liberal forces are powerful and in a few respects have won flooring. Henderson analyses those forces, new and outdated. as well as the continued carry of 'pre-economic ideas', new components comprise anti-market NGOs, a much wider circle of perceived 'victims of injustice', the unfold of labour industry legislation, and an 'alarmist consencus' approximately globalisation and environmental degradation. the mix of previous and new rules ends up in 'new millennium collectivism', which supplies the most impetus at the back of the anti-liberalism of this day. Geoffrey Harcourt, in a remark, has the same opinion with a few of Henderson's perspectives, yet disagrees fairly at the desire for minimal criteria in labour markets. He contends additionally that Henderson is just too tough on NGOs and too inspired with the long term aggressive equilibrium version. David Henderson responds to the reviews and units out extra concerns that have to be explored.

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Like human rights and corporate social responsibility, sustainable development has become a way of dressing up new millennium collectivism. Failure at the centre? In the work that I have done on different aspects of anti-liberalism over the past few years, I have been struck by the apparent weakness of the resistance to it within OECD governments. I think there has been a failure here on the part of the central departments or agencies – normally treasuries, ministries of finance, or ministries of economics – that carry the responsibility for providing leadership and direction to economic policies as a whole.

What really matters is not the gap as such, but the progress of these countries. As to why their recent progress has been so limited, it is clear that in the great majority of cases, perhaps all of them, internal factors have been important if not decisive. Many of the countries have been subject, in different ways, to conflict, disorder and chronic misgovernment. In most of these, and in some other countries too, growth has been held back by the economic policies that governments have chosen to pursue, including in particular policies which have kept their economies relatively closed to the outside world.

Free markets and capitalism are seen as embodying and furthering environmental destruction, male dominance, class oppression, racial intolerance, imperialist coercion and colonialist exploitation. The prevalence and the appeal of these deeply anti-liberal attitudes has been little affected by the collapse of communism, which might just as well have taken place on another planet. Although such groups and their ways of thinking are not now well represented in the corridors of power, they are not at all to be dismissed as insignificant.

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

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