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The Euro System as a Laboratory for Neoliberalism

The Case of Spain

Bibliographic Data

ID7579345
AuthorsFernando López‐Castellano (Committee for Economic Development, corresponding author), Fernando García-Quero (0000-0002-3000-6601, Ministry of Economy, corresponding author), Fernando García‐Quero
Year2019
Volume78
Issue1
Pages167-193
Publication date2019-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ajes.12261
OpenAlexW2914475981
LanguageEN
Citations received2
References cited23

Since the 1970s, neoliberalism has evolved from ideology to political agenda, from political program to public policy, and from public policy to a system that replaces democratic control over economic policy with a system of elite economic management. This process of change has been possible due to the endorsement of a meta‐political theory that destroys democracy and legitimizes technocratic despotism, financial deregulation, the debasement of labor into a new proletariat, and the purging of constitutional politics. In this article, we analyze this profound transformation of social and legal relations in the “euro system” and, specifically, in the regressive policies that have emerged from the “crisis” in Spain, a peripheral country of the European Union. The problems in contemporary Europe are a direct consequence of the neoliberal version of European economic unity. Their solution will depend on the capacity of the member states to create a social Europe that strengthens institutional democracy and develops universal systems of social protection. This, in turn, will depend on the ability of citizens to remodel state institutions in accordance with new social goals that place life at the center

Democracy · Deregulation · Economic policy · Economic system · Economics · Elite · European union · Ideology · Market economy · Neoliberalism (international relations) · Political economy · Political science · Political system · Politics · Technocracy · Law · Social Policy and Reform Studies

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Unique citing works2
Citations per year0,5
Citation span2022 - 2025 (4)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 2

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